Republic Services (NYSE:RSG) Hits New 1-Year High at $208.62

Shares of Republic Services, Inc. (NYSE:RSG - Get Free Report) hit a new 52-week high on Monday . The company traded as high as $208.62 and last traded at $208.51, with a volume of 112657 shares trading hands. The stock had previously closed at $206.27.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on RSG shares. TD Cowen raised their price objective on Republic Services from $195.00 to $200.00 and gave the company a "hold" rating in a research report on Monday, August 5th. CIBC raised their price objective on Republic Services from $196.00 to $208.00 and gave the company a "neutral" rating in a research report on Thursday, July 25th. StockNews.com cut shares of Republic Services from a "strong-buy" rating to a "buy" rating in a research note on Thursday, August 1st. Royal Bank of Canada lifted their price objective on shares of Republic Services from $201.00 to $211.00 and gave the company a "sector perform" rating in a research note on Thursday, July 25th. Finally, Robert W. Baird lifted their target price on shares of Republic Services from $208.00 to $210.00 and gave the company a "neutral" rating in a report on Thursday, July 25th. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Republic Services currently has a consensus rating of "Hold" and an average target price of $211.00.

Republic Services Stock Performance

The firm's 50-day moving average price is $198.27 and its two-hundred day moving average price is $190.70. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market cap of $65.14 billion, a price-to-earnings ratio of 36.29, a PEG ratio of 3.26 and a beta of 0.69.

Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.08. The firm had revenue of $4.05 billion for the quarter, compared to analysts' expectations of $4.03 billion. Republic Services had a net margin of 12.11% and a return on equity of 17.81%. On average, analysts expect that Republic Services, Inc. will post 6.18 EPS for the current fiscal year.

Republic Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd will be given a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.12%. This is a boost from Republic Services's previous quarterly dividend of $0.54. Republic Services's dividend payout ratio is presently 40.70%.

Insider Buying and Selling at Republic Services

In other Republic Services news, Director Tomago Collins sold 3,200 shares of the company's stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $203.01, for a total value of $649,632.00. Following the transaction, the director now owns 17,486 shares of the company's stock, valued at $3,549,832.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Republic Services news, Director Katharine Weymouth purchased 540 shares of the business's stock in a transaction on Tuesday, June 4th. The shares were bought at an average cost of $185.26 per share, for a total transaction of $100,040.40. Following the completion of the purchase, the director now directly owns 540 shares of the company's stock, valued at $100,040.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Tomago Collins sold 3,200 shares of the business's stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $203.01, for a total transaction of $649,632.00. Following the sale, the director now owns 17,486 shares in the company, valued at $3,549,832.86. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.

Institutional Trading of Republic Services

Institutional investors and hedge funds have recently bought and sold shares of the business. YHB Investment Advisors Inc. acquired a new stake in shares of Republic Services in the first quarter valued at approximately $29,000. EntryPoint Capital LLC acquired a new stake in Republic Services in the first quarter valued at $29,000. Bogart Wealth LLC acquired a new stake in Republic Services in the fourth quarter valued at $30,000. Itau Unibanco Holding S.A. purchased a new position in shares of Republic Services in the second quarter valued at $36,000. Finally, Jones Financial Companies Lllp increased its position in Republic Services by 3,014.3% during the 4th quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider's stock worth $36,000 after purchasing an additional 211 shares in the last quarter. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

About Republic Services

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.