Republic Services, Inc. (NYSE:RSG) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of Republic Services, Inc. (NYSE:RSG - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eighteen analysts that are currently covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $220.06.

A number of analysts have recently issued reports on RSG shares. Oppenheimer raised their price objective on Republic Services from $219.00 to $220.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Royal Bank of Canada lifted their price objective on shares of Republic Services from $211.00 to $219.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 30th. Truist Financial increased their price objective on shares of Republic Services from $220.00 to $244.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Morgan Stanley lifted their target price on shares of Republic Services from $217.00 to $220.00 and gave the stock an "equal weight" rating in a report on Thursday, December 12th. Finally, CIBC raised their price objective on shares of Republic Services from $217.00 to $227.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 4th.

Insider Buying and Selling at Republic Services

In other news, Director Katharine Weymouth sold 1,859 shares of Republic Services stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $215.27, for a total value of $400,186.93. Following the transaction, the director now owns 879 shares in the company, valued at approximately $189,222.33. This trade represents a 67.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the firm's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total value of $1,065,011.42. Following the completion of the sale, the chief financial officer now directly owns 6,318 shares in the company, valued at $1,326,906.36. This trade represents a 44.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.09% of the company's stock.

Institutional Trading of Republic Services

Hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its holdings in shares of Republic Services by 23.2% during the 3rd quarter. Wellington Management Group LLP now owns 6,004,199 shares of the business services provider's stock valued at $1,205,883,000 after acquiring an additional 1,131,850 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Republic Services by 1.7% during the third quarter. Geode Capital Management LLC now owns 4,507,521 shares of the business services provider's stock valued at $903,316,000 after purchasing an additional 73,207 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Republic Services by 2.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,520,738 shares of the business services provider's stock worth $506,265,000 after purchasing an additional 57,040 shares during the last quarter. Stifel Financial Corp increased its stake in shares of Republic Services by 437.9% in the third quarter. Stifel Financial Corp now owns 1,814,613 shares of the business services provider's stock valued at $364,449,000 after buying an additional 1,477,255 shares during the period. Finally, Legal & General Group Plc boosted its position in Republic Services by 5.4% during the 2nd quarter. Legal & General Group Plc now owns 1,808,580 shares of the business services provider's stock worth $351,480,000 after buying an additional 92,013 shares during the period. Institutional investors and hedge funds own 57.73% of the company's stock.

Republic Services Stock Up 0.5 %

Shares of NYSE:RSG traded up $0.95 during midday trading on Friday, hitting $201.04. The stock had a trading volume of 779,455 shares, compared to its average volume of 828,478. The company has a market cap of $62.96 billion, a P/E ratio of 32.17, a PEG ratio of 3.30 and a beta of 0.71. Republic Services has a 12 month low of $162.27 and a 12 month high of $220.58. The business's 50-day simple moving average is $208.38 and its 200-day simple moving average is $203.53. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07.

Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, beating analysts' consensus estimates of $1.61 by $0.20. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The company had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter last year, the firm posted $1.54 EPS. The company's quarterly revenue was up 6.5% on a year-over-year basis. On average, sell-side analysts forecast that Republic Services will post 6.25 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $2.32 annualized dividend and a yield of 1.15%. Republic Services's dividend payout ratio is 37.12%.

Republic Services Company Profile

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.