Republic Services, Inc. (NYSE:RSG) Receives $239.13 Average Target Price from Analysts

Shares of Republic Services, Inc. (NYSE:RSG) have received an average recommendation of “Moderate Buy” from the seventeen brokerages that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $239.13.

Several equities analysts have recently commented on the company. Royal Bank of Canada raised Republic Services from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $219.00 to $237.00 in a research note on Monday, January 6th. Morgan Stanley lifted their price target on shares of Republic Services from $220.00 to $230.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Argus set a $260.00 price objective on shares of Republic Services in a report on Tuesday, February 18th. Cibc World Mkts upgraded shares of Republic Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 4th. Finally, Truist Financial restated a “buy” rating and set a $250.00 price target (up from $244.00) on shares of Republic Services in a research note on Friday, February 14th.

Insider Transactions at Republic Services

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total value of $1,436,062.60. Following the sale, the chief operating officer now directly owns 10,416 shares in the company, valued at $2,376,931.20. This trade represents a 37.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.09% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Arcadia Investment Management Corp MI increased its stake in Republic Services by 200.0% in the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 88 shares during the last quarter. R Squared Ltd acquired a new stake in Republic Services during the 4th quarter worth $32,000. New Age Alpha Advisors LLC lifted its position in Republic Services by 70.2% in the fourth quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 73 shares during the last quarter. Park Square Financial Group LLC acquired a new position in Republic Services in the fourth quarter valued at $44,000. Finally, Generali Asset Management SPA SGR purchased a new position in shares of Republic Services during the fourth quarter worth about $45,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Stock Down 0.2 %

Shares of RSG opened at $243.11 on Tuesday. The stock has a fifty day simple moving average of $235.09 and a two-hundred day simple moving average of $217.77. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $75.92 billion, a PE ratio of 37.46, a price-to-earnings-growth ratio of 3.64 and a beta of 0.62. Republic Services has a 52-week low of $180.92 and a 52-week high of $249.73.

Republic Services (NYSE:RSG) last posted its earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.21. The company had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.08 billion. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. During the same period in the previous year, the business posted $1.41 EPS. As a group, equities analysts forecast that Republic Services will post 6.86 EPS for the current year.

Republic Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd were issued a $0.58 dividend. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.95%. Republic Services’s payout ratio is 35.75%.

About Republic Services

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.