Wolfe Research Initiates Coverage on Republic Services (NYSE:RSG)

Analysts at Wolfe Research started coverage on shares of Republic Services (NYSE:RSG) in a research note issued to investors on Friday, Marketbeat reports. The firm set a “peer perform” rating on the business services provider’s stock.

Other analysts have also issued research reports about the stock. Barclays set a $227.00 price target on shares of Republic Services in a report on Monday, February 23rd. UBS Group increased their price objective on Republic Services from $225.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. The Goldman Sachs Group started coverage on Republic Services in a research note on Monday, November 24th. They issued a “buy” rating and a $255.00 target price for the company. BMO Capital Markets dropped their target price on Republic Services from $251.00 to $248.00 and set an “outperform” rating for the company in a research report on Wednesday, February 18th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Republic Services in a report on Monday, December 29th. Thirteen investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $245.70.

Republic Services Stock Down 0.6%

Shares of NYSE RSG opened at $224.50 on Friday. Republic Services has a 12-month low of $201.42 and a 12-month high of $258.75. The firm’s 50-day simple moving average is $219.38 and its 200 day simple moving average is $219.13. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.08. The company has a market cap of $69.32 billion, a price-to-earnings ratio of 32.77, a price-to-earnings-growth ratio of 3.70 and a beta of 0.54.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Tuesday, February 17th. The business services provider reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.14. Republic Services had a net margin of 12.90% and a return on equity of 18.44%. The firm had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter last year, the company posted $1.58 EPS. The company’s quarterly 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 expect that Republic Services will post 6.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Republic Services

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Republic Services by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 19,107,360 shares of the business services provider’s stock valued at $4,384,757,000 after acquiring an additional 49,365 shares during the last quarter. State Street Corp boosted its stake in Republic Services by 1.7% during the 4th quarter. State Street Corp now owns 9,695,747 shares of the business services provider’s stock worth $2,054,820,000 after acquiring an additional 166,474 shares during the last quarter. Capital World Investors grew its holdings in Republic Services by 27.7% during the fourth quarter. Capital World Investors now owns 8,765,623 shares of the business services provider’s stock valued at $1,857,698,000 after purchasing an additional 1,899,183 shares during the period. Morgan Stanley increased its stake in Republic Services by 38.6% in the fourth quarter. Morgan Stanley now owns 5,348,501 shares of the business services provider’s stock valued at $1,133,509,000 after purchasing an additional 1,490,719 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in Republic Services by 18.9% in the fourth quarter. Wellington Management Group LLP now owns 5,070,130 shares of the business services provider’s stock valued at $1,074,513,000 after purchasing an additional 807,525 shares in the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

About Republic Services

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.