Republic Services (NYSE:RSG) Price Target Raised to $252.00 at Wells Fargo & Company

Republic Services (NYSE:RSG) had its target price raised by Wells Fargo & Company from $238.00 to $252.00 in a report issued on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the business services provider’s stock.

A number of other analysts have also weighed in on the company. Barclays set a $227.00 target price on Republic Services in a research report on Monday, February 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Republic Services in a research note on Monday, December 29th. BMO Capital Markets dropped their target price on Republic Services from $251.00 to $248.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 18th. Oppenheimer cut their price target 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. Finally, Bank of America cut their target price on shares of Republic Services from $271.00 to $241.00 and set a “buy” rating for the company in a report on Monday, December 22nd. Thirteen equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, Republic Services currently has an average rating of “Moderate Buy” and an average target price of $246.40.

Republic Services Price Performance

Republic Services stock opened at $222.29 on Wednesday. The firm has a 50-day moving average of $220.14 and a two-hundred day moving average of $218.91. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.64 and a quick ratio of 0.64. Republic Services has a 1 year low of $201.42 and a 1 year high of $258.75. The stock has a market cap of $68.64 billion, a price-to-earnings ratio of 32.45, a price-to-earnings-growth ratio of 3.72 and a beta of 0.54.

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

Republic Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders 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 of this dividend is Thursday, April 2nd. Republic Services’s dividend payout ratio is 36.79%.

Institutional Trading of Republic Services

Institutional investors have recently added to or reduced their stakes in the stock. Bowen Hanes & Co. Inc. lifted its holdings in Republic Services by 7.3% during the 2nd quarter. Bowen Hanes & Co. Inc. now owns 254,540 shares of the business services provider’s stock worth $62,772,000 after buying an additional 17,280 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Republic Services by 32.9% during the third quarter. Oregon Public Employees Retirement Fund now owns 23,211 shares of the business services provider’s stock worth $5,326,000 after purchasing an additional 5,740 shares during the last quarter. National Pension Service boosted its holdings in shares of Republic Services by 1.2% in the 3rd quarter. National Pension Service now owns 758,644 shares of the business services provider’s stock valued at $174,094,000 after buying an additional 9,041 shares in the last quarter. Bessemer Group Inc. boosted its stake in Republic Services by 7,683.2% in the third quarter. Bessemer Group Inc. now owns 739,792 shares of the business services provider’s stock valued at $169,768,000 after acquiring an additional 730,287 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Republic Services by 60.0% in the third quarter. Farther Finance Advisors LLC now owns 12,665 shares of the business services provider’s stock valued at $2,906,000 after buying an additional 4,750 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

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.