Republic Services, Inc. (NYSE:RSG) Receives $211.00 Consensus Target Price from Analysts

Shares of Republic Services, Inc. (NYSE:RSG - Get Free Report) have been given an average rating of "Hold" by the eighteen brokerages that are presently covering the company, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $211.00.

A number of brokerages have weighed in on RSG. Oppenheimer decreased their target price on Republic Services from $211.00 to $210.00 and set an "outperform" rating on the stock in a research note on Thursday, July 25th. BMO Capital Markets boosted their price target on Republic Services from $209.00 to $211.00 and gave the stock a "market perform" rating in a research note on Thursday, July 25th. Deutsche Bank Aktiengesellschaft initiated coverage on Republic Services in a report on Thursday, May 23rd. They issued a "hold" rating and a $203.00 price objective for the company. Stifel Nicolaus boosted their price objective on Republic Services from $215.00 to $230.00 and gave the company a "buy" rating in a research report on Thursday, July 25th. Finally, CIBC boosted their target price on Republic Services from $196.00 to $208.00 and gave the stock a "neutral" rating in a research report on Thursday, July 25th.

Insiders Place Their Bets

In related news, Director Katharine Weymouth acquired 540 shares of the stock in a transaction dated Tuesday, June 4th. The stock was bought at an average price of $185.26 per share, with a total value of $100,040.40. Following the completion of the transaction, the director now directly owns 540 shares of the company's stock, valued at $100,040.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Katharine Weymouth bought 540 shares of the business's stock in a transaction dated Tuesday, June 4th. The stock was bought at an average price of $185.26 per share, for a total transaction of $100,040.40. Following the purchase, the director now owns 540 shares in the company, valued at approximately $100,040.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tomago Collins sold 3,200 shares of Republic Services 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 completion of the sale, the director now owns 17,486 shares of the company's stock, valued at approximately $3,549,832.86. The disclosure for this sale can be found here. Insiders own 0.09% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Axxcess Wealth Management LLC lifted its holdings in Republic Services by 183.4% during the fourth quarter. Axxcess Wealth Management LLC now owns 8,075 shares of the business services provider's stock valued at $1,332,000 after purchasing an additional 5,226 shares during the last quarter. Sapient Capital LLC bought a new position in shares of Republic Services in the fourth quarter worth approximately $228,000. Ifrah Financial Services Inc. purchased a new stake in Republic Services in the fourth quarter worth $203,000. Spire Wealth Management lifted its position in Republic Services by 10.7% during the fourth quarter. Spire Wealth Management now owns 2,993 shares of the business services provider's stock valued at $505,000 after buying an additional 289 shares during the period. Finally, Private Advisor Group LLC raised its position in shares of Republic Services by 12.4% in the 4th quarter. Private Advisor Group LLC now owns 21,789 shares of the business services provider's stock worth $3,593,000 after purchasing an additional 2,400 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company's stock.

Republic Services Trading Up 1.1 %

Shares of RSG stock traded up $2.27 during mid-day trading on Monday, reaching $208.21. 885,400 shares of the stock traded hands, compared to its average volume of 1,181,102. The stock's fifty day simple moving average is $199.49 and its two-hundred day simple moving average is $191.60. Republic Services has a 1-year low of $140.23 and a 1-year high of $208.69. The company has a market cap of $65.57 billion, a price-to-earnings ratio of 36.53, a price-to-earnings-growth ratio of 3.34 and a beta of 0.69. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.05.

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

Republic Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, October 2nd will be given a dividend of $0.58 per share. This is a positive change from Republic Services's previous quarterly dividend of $0.54. This represents a $2.32 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Wednesday, October 2nd. Republic Services's payout ratio is 40.70%.

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.