Republic Services, Inc. (NYSE:RSG) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of Republic Services, Inc. (NYSE:RSG - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eighteen analysts that are currently covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $222.24.

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group raised their price objective on Republic Services from $235.00 to $244.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Truist Financial lifted their price objective on shares of Republic Services from $220.00 to $244.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a "hold" rating to a "buy" rating and increased their target price for the company from $219.00 to $237.00 in a research report on Tuesday, December 10th. BMO Capital Markets upgraded Republic Services from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $211.00 to $238.00 in a report on Friday, December 6th. Finally, CIBC boosted their target price on Republic Services from $217.00 to $227.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 4th.

Insider Transactions at Republic Services

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

Institutional Trading of Republic Services

Institutional investors have recently made changes to their positions in the company. Public Sector Pension Investment Board grew its holdings in shares of Republic Services by 130.0% during the second quarter. Public Sector Pension Investment Board now owns 5,761 shares of the business services provider's stock worth $1,120,000 after buying an additional 3,256 shares in the last quarter. Marshall Wace LLP purchased a new stake in Republic Services during the 2nd quarter valued at about $4,625,000. Creative Planning raised its holdings in Republic Services by 9.2% in the 2nd quarter. Creative Planning now owns 29,087 shares of the business services provider's stock valued at $5,653,000 after acquiring an additional 2,452 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Republic Services by 52.3% during the 2nd quarter. NewEdge Advisors LLC now owns 25,771 shares of the business services provider's stock worth $5,008,000 after purchasing an additional 8,845 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Republic Services by 158.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 31,171 shares of the business services provider's stock valued at $6,058,000 after purchasing an additional 19,113 shares in the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Stock Up 2.9 %

Republic Services stock traded up $6.24 during midday trading on Thursday, hitting $218.55. 863,187 shares of the company's stock were exchanged, compared to its average volume of 1,013,670. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64. The company has a market cap of $68.44 billion, a PE ratio of 34.97, a P/E/G ratio of 3.07 and a beta of 0.73. The firm has a 50-day moving average of $209.68 and a two-hundred day moving average of $205.50. Republic Services has a 12 month low of $169.83 and a 12 month high of $220.58.

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

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.