Republic Services, Inc. (NYSE:RSG) Given Consensus Rating of “Moderate Buy” by Brokerages

Republic Services, Inc. (NYSE:RSG) has been assigned an average recommendation of “Moderate Buy” from the twenty-five ratings firms that are presently covering the firm, Marketbeat reports. Ten research analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $253.65.

A number of brokerages recently commented on RSG. Scotiabank decreased their price target on Republic Services from $250.00 to $246.00 and set a “sector perform” rating for the company in a research report on Friday. JPMorgan Chase & Co. decreased their price target on Republic Services from $260.00 to $233.00 and set a “neutral” rating for the company in a research report on Friday. Barclays started coverage on Republic Services in a research report on Friday, September 19th. They set an “equal weight” rating and a $240.00 price target for the company. Raymond James Financial reissued an “outperform” rating and issued a $240.00 target price on shares of Republic Services in a research report on Friday. Finally, UBS Group decreased their target price on Republic Services from $260.00 to $240.00 and set a “neutral” rating for the company in a research report on Thursday, October 16th.

Insiders Place Their Bets

In other Republic Services news, EVP Gregg Brummer sold 7,338 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $233.94, for a total value of $1,716,651.72. Following the completion of the sale, the executive vice president directly owned 4,060 shares of the company’s stock, valued at $949,796.40. This trade represents a 64.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Cascade Investment, L.L.C. bought 4,258 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was purchased at an average cost of $234.91 per share, with a total value of $1,000,246.78. Following the completion of the transaction, the insider directly owned 109,816,832 shares of the company’s stock, valued at approximately $25,797,072,005.12. The trade was a 0.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.11% of the company’s stock.

Hedge Funds Weigh In On Republic Services

Several hedge funds have recently made changes to their positions in RSG. Financial Consulate Inc. bought a new stake in Republic Services during the third quarter valued at $25,000. Golden State Wealth Management LLC boosted its stake in Republic Services by 3,533.3% during the first quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider’s stock valued at $26,000 after buying an additional 106 shares during the period. Cranbrook Wealth Management LLC boosted its stake in Republic Services by 1,222.2% during the second quarter. Cranbrook Wealth Management LLC now owns 119 shares of the business services provider’s stock valued at $29,000 after buying an additional 110 shares during the period. Key Financial Inc lifted its stake in Republic Services by 380.8% during the first quarter. Key Financial Inc now owns 125 shares of the business services provider’s stock worth $30,000 after purchasing an additional 99 shares during the last quarter. Finally, TCTC Holdings LLC lifted its stake in Republic Services by 113.8% during the first quarter. TCTC Holdings LLC now owns 124 shares of the business services provider’s stock worth $30,000 after purchasing an additional 66 shares during the last quarter. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Republic Services Stock Performance

Shares of RSG opened at $208.49 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $65.09 billion, a price-to-earnings ratio of 30.84, a PEG ratio of 3.40 and a beta of 0.59. The stock has a 50 day moving average of $225.66 and a 200 day moving average of $237.72. Republic Services has a 12 month low of $197.60 and a 12 month high of $258.75.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Thursday, October 30th. The business services provider reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.12. The company had revenue of $4.21 billion during the quarter, compared to the consensus estimate of $4.25 billion. Republic Services had a return on equity of 18.27% and a net margin of 12.97%.Republic Services’s revenue was up 3.3% on a year-over-year basis. During the same period last year, the business posted $1.81 earnings per share. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. As a group, sell-side analysts forecast that Republic Services will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd will be given a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, January 2nd. Republic Services’s dividend payout ratio (DPR) is currently 36.98%.

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.