Republic Services, Inc. (NYSE:RSG) Receives Average Recommendation of “Moderate Buy” from Analysts

Republic Services, Inc. (NYSE:RSG) has been assigned a consensus rating of “Moderate Buy” from the twenty-four analysts that are currently covering the firm, Marketbeat.com reports. Ten research analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $248.8182.

RSG has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of Republic Services from $260.00 to $233.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Republic Services in a research note on Monday, December 29th. Raymond James Financial reissued an “outperform” rating and set a $240.00 target price on shares of Republic Services in a research note on Friday, October 31st. Jefferies Financial Group set a $248.00 target price on Republic Services and gave the company a “buy” rating in a research report on Monday, November 3rd. Finally, Bank of America reduced their price target on shares of Republic Services from $271.00 to $241.00 and set a “buy” rating on the stock in a research report on Monday, December 22nd.

Insider Buying and Selling at Republic Services

In related news, Director Katharine Weymouth bought 478 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The stock was purchased at an average cost of $209.46 per share, for a total transaction of $100,121.88. Following the completion of the acquisition, the director owned 5,740 shares in the company, valued at approximately $1,202,300.40. This trade represents a 9.08% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.11% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Brighton Jones LLC raised its holdings in Republic Services by 75.8% during the fourth quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock worth $3,988,000 after purchasing an additional 8,547 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of Republic Services by 33.6% in the 2nd quarter. IFP Advisors Inc now owns 2,264 shares of the business services provider’s stock valued at $558,000 after buying an additional 569 shares in the last quarter. Blue Trust Inc. grew its position in shares of Republic Services by 6.5% in the 2nd quarter. Blue Trust Inc. now owns 4,304 shares of the business services provider’s stock valued at $1,061,000 after buying an additional 263 shares during the last quarter. PDS Planning Inc raised its stake in Republic Services by 5.5% during the 2nd quarter. PDS Planning Inc now owns 1,678 shares of the business services provider’s stock worth $414,000 after acquiring an additional 88 shares in the last quarter. Finally, Aberdeen Group plc lifted its position in Republic Services by 5.8% in the second quarter. Aberdeen Group plc now owns 122,299 shares of the business services provider’s stock valued at $29,963,000 after acquiring an additional 6,701 shares during the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Stock Performance

NYSE RSG opened at $220.26 on Monday. The stock has a fifty day simple moving average of $213.50 and a 200-day simple moving average of $220.87. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.04. The stock has a market cap of $68.18 billion, a PE ratio of 32.78, a P/E/G ratio of 3.59 and a beta of 0.54. Republic Services has a twelve month low of $201.42 and a twelve month high of $258.75.

Republic Services Company Profile

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.