Republic Services (NYSE:RSG) Stock Price Expected to Rise, UBS Group Analyst Says

Republic Services (NYSE:RSG - Free Report) had its price target boosted by UBS Group from $212.00 to $240.00 in a research note released on Wednesday,Benzinga reports. UBS Group currently has a neutral rating on the business services provider's stock.

RSG has been the topic of several other research reports. BMO Capital Markets upgraded shares of Republic Services from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $211.00 to $238.00 in a research report on Friday, December 6th. William Blair reiterated an "outperform" rating on shares of Republic Services in a research report on Friday, February 14th. Truist Financial reiterated a "buy" rating and set a $250.00 price objective (up previously from $244.00) on shares of Republic Services in a research report on Friday, February 14th. The Goldman Sachs Group lifted their price objective on Republic Services from $239.00 to $265.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft upgraded Republic Services from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $219.00 to $237.00 in a research report on Tuesday, December 10th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $231.75.

Republic Services Stock Performance

RSG stock traded down $0.13 during midday trading on Wednesday, hitting $230.73. 1,214,575 shares of the stock traded hands, compared to its average volume of 997,361. The firm has a market cap of $72.05 billion, a P/E ratio of 35.55, a PEG ratio of 3.62 and a beta of 0.74. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64. The stock's fifty day simple moving average is $212.44 and its 200-day simple moving average is $208.27. Republic Services has a 1-year low of $180.91 and a 1-year high of $232.52.

Republic Services (NYSE:RSG - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, beating the consensus estimate of $1.37 by $0.21. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The company had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same quarter last year, the business earned $1.41 earnings per share. On average, analysts expect that Republic Services will post 6.86 earnings per share for the current year.

Republic Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $2.32 annualized dividend and a dividend yield of 1.01%. Republic Services's dividend payout ratio is presently 35.75%.

Insider Activity

In related news, Director Katharine Weymouth sold 1,859 shares of Republic Services stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $215.27, for a total value of $400,186.93. Following the completion of the transaction, the director now directly owns 879 shares in the company, valued at approximately $189,222.33. This trade represents a 67.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Gregg Brummer sold 6,293 shares of Republic Services stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total value of $1,436,062.60. Following the completion of the transaction, the chief operating officer now owns 10,416 shares of the company's stock, valued at $2,376,931.20. This trade represents a 37.66 % 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.

Hedge Funds Weigh In On Republic Services

Large investors have recently bought and sold shares of the business. FSA Wealth Management LLC bought a new position in Republic Services in the third quarter worth about $25,000. Arcadia Investment Management Corp MI lifted its holdings in Republic Services by 200.0% in the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider's stock worth $27,000 after acquiring an additional 88 shares during the last quarter. R Squared Ltd bought a new position in Republic Services in the fourth quarter worth about $32,000. Truvestments Capital LLC bought a new position in Republic Services in the third quarter worth about $34,000. Finally, New Age Alpha Advisors LLC lifted its holdings in Republic Services by 70.2% in the fourth quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider's stock worth $36,000 after acquiring an additional 73 shares during the last quarter. Institutional investors own 57.73% of the company's stock.

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.