Republic Services (NYSE:RSG) Given New $241.00 Price Target at National Bankshares

Republic Services (NYSE:RSG) had its target price reduced by National Bankshares from $270.00 to $241.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. National Bankshares currently has a sector perform rating on the business services provider’s stock.

A number of other research firms have also issued reports on RSG. Melius began coverage on Republic Services in a report on Monday, June 9th. They issued a “hold” rating for the company. Raymond James Financial set a $260.00 target price on Republic Services and gave the company an “outperform” rating in a report on Monday. Oppenheimer lifted their price target on Republic Services from $262.00 to $268.00 and gave the stock an “outperform” rating in a report on Wednesday, July 9th. Melius Research raised Republic Services to a “hold” rating and set a $281.00 price target for the company in a report on Monday, June 9th. Finally, Scotiabank lifted their price target on Republic Services from $250.00 to $260.00 and gave the stock a “sector perform” rating in a report on Friday, July 18th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $259.60.

Republic Services Trading Down 0.3%

NYSE:RSG opened at $222.53 on Tuesday. The firm has a market cap of $69.48 billion, a PE ratio of 32.92, a price-to-earnings-growth ratio of 3.48 and a beta of 0.59. The stock has a fifty day moving average price of $230.62 and a 200 day moving average price of $240.08. Republic Services has a 12-month low of $197.60 and a 12-month high of $258.75. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.04.

Republic Services (NYSE:RSG) last released its earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.01. The firm had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.26 billion. Republic Services had a return on equity of 18.27% and a net margin of 12.97%.Republic Services’s revenue was up 4.6% compared to the same quarter last year. During the same period last year, the business posted $1.61 earnings per share. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. Sell-side analysts anticipate that Republic Services will post 6.86 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, October 2nd will be given a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.1%. This is an increase from Republic Services’s previous quarterly dividend of $0.58. The ex-dividend date is Thursday, October 2nd. Republic Services’s payout ratio is presently 36.98%.

Insider Transactions at Republic Services

In other news, EVP Gregg Brummer sold 7,338 shares of Republic Services stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $233.94, for a total transaction of $1,716,651.72. Following the sale, the executive vice president owned 4,060 shares in the company, valued at approximately $949,796.40. The trade was a 64.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Cascade Investment, L.L.C. bought 4,258 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were purchased at an average price of $234.91 per share, for a total transaction of $1,000,246.78. Following the transaction, the insider directly owned 109,816,832 shares of the company’s stock, valued at approximately $25,797,072,005.12. This represents a 0.00% increase in their position. The disclosure for this purchase can be found here. 0.11% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Republic Services

Several institutional investors have recently added to or reduced their stakes in RSG. Golden State Wealth Management LLC increased its position in Republic Services by 3,533.3% in the 1st quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 106 shares during the period. Cranbrook Wealth Management LLC increased its position in Republic Services by 1,222.2% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 119 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 110 shares during the period. Key Financial Inc increased its position in Republic Services by 380.8% in the 1st quarter. Key Financial Inc now owns 125 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 99 shares during the period. TCTC Holdings LLC increased its position in Republic Services by 113.8% in the 1st quarter. TCTC Holdings LLC now owns 124 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 66 shares during the period. Finally, Elequin Capital LP acquired a new position in Republic Services in the 1st quarter valued at about $30,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Company Profile

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.