Republic Services (NYSE:RSG) Price Target Raised to $240.00

Republic Services (NYSE:RSG) had its price target boosted by UBS Group from $225.00 to $240.00 in a research note released on Thursday,Benzinga reports. UBS Group currently has a neutral rating on the business services provider’s stock.

Several other equities research analysts have also recently issued reports on the stock. Wells Fargo & Company started coverage on shares of Republic Services in a research note on Thursday, November 13th. They set an “overweight” rating and a $238.00 target price for the company. Weiss Ratings restated a “buy (b-)” rating on shares of Republic Services in a research note on Monday, December 29th. Barclays set a $227.00 price target on Republic Services in a report on Monday, February 23rd. Scotiabank dropped their price objective on Republic Services from $246.00 to $242.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 21st. Finally, Oppenheimer cut their target price on Republic Services from $256.00 to $255.00 and set an “outperform” rating on the stock in a research report on Friday, January 23rd. Thirteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $245.70.

Republic Services Stock Down 0.1%

RSG stock opened at $231.33 on Thursday. The company’s 50 day moving average price is $218.08 and its 200 day moving average price is $219.44. The firm has a market capitalization of $71.43 billion, a price-to-earnings ratio of 33.77, a PEG ratio of 3.82 and a beta of 0.54. Republic Services has a fifty-two week low of $201.42 and a fifty-two week high of $258.75. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.64 and a current ratio of 0.64.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Tuesday, February 17th. The business services provider reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.14. Republic Services had a net margin of 12.90% and a return on equity of 18.44%. The company had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter in the previous year, the firm earned $1.58 earnings per share. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. On average, equities research analysts anticipate that Republic Services will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Thursday, April 2nd will be paid a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, April 2nd. Republic Services’s dividend payout ratio (DPR) is 36.50%.

Insider Activity

In related news, Director Katharine Weymouth purchased 478 shares of the business’s stock in a transaction dated Tuesday, December 9th. The stock was acquired at an average price of $209.46 per share, for a total transaction of $100,121.88. Following the completion of the purchase, the director directly owned 5,740 shares of the company’s stock, valued at $1,202,300.40. This trade represents a 9.08% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.11% of the company’s stock.

Hedge Funds Weigh In On Republic Services

A number of hedge funds and other institutional investors have recently bought and sold shares of RSG. Financial Consulate Inc. acquired a new stake in shares of Republic Services in the 3rd quarter worth $25,000. Laurel Wealth Advisors LLC purchased a new position in Republic Services during the fourth quarter worth about $25,000. Wealth Watch Advisors INC purchased a new position in Republic Services during the third quarter worth about $26,000. Annis Gardner Whiting Capital Advisors LLC lifted its position in Republic Services by 121.8% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 122 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 67 shares during the period. Finally, Ameriflex Group Inc. purchased a new stake in Republic Services in the 3rd quarter valued at approximately $29,000. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

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.