Republic Services (NYSE:RSG) Given New $245.00 Price Target at Robert W. Baird

Republic Services (NYSE:RSG - Get Free Report) had its target price raised by Robert W. Baird from $232.00 to $245.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a "neutral" rating on the business services provider's stock. Robert W. Baird's price objective indicates a potential upside of 0.43% from the company's previous close.

RSG has been the topic of a number of other research reports. Royal Bank of Canada raised shares of Republic Services from a "sector perform" rating to an "outperform" rating and lifted their price objective for the stock from $219.00 to $237.00 in a research report on Monday, January 6th. Argus set a $260.00 price objective on shares of Republic Services in a research report on Tuesday, February 18th. CIBC raised shares of Republic Services from a "neutral" rating to a "sector outperform" rating and set a $264.00 price objective on the stock in a research report on Tuesday, March 4th. Cibc World Mkts raised shares of Republic Services from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. Finally, Stifel Nicolaus lifted their price objective on shares of Republic Services from $240.00 to $257.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $245.38.

Republic Services Trading Up 1.3 %

RSG stock traded up $3.20 during trading on Friday, hitting $243.96. The company had a trading volume of 1,947,545 shares, compared to its average volume of 1,116,214. The firm has a market capitalization of $76.23 billion, a P/E ratio of 37.59, a PEG ratio of 3.64 and a beta of 0.62. Republic Services has a 52-week low of $180.92 and a 52-week high of $249.73. The company has a 50 day simple moving average of $236.86 and a 200-day simple moving average of $219.68. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.58 EPS for the quarter, topping the consensus estimate of $1.55 by $0.03. The company had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. As a group, research analysts forecast that Republic Services will post 6.86 earnings per share for the current fiscal year.

Insider Buying and Selling at Republic Services

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of Republic Services stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the completion of the sale, the chief operating officer now directly owns 10,416 shares in the company, valued at approximately $2,376,931.20. The trade was a 37.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.11% of the company's stock.

Hedge Funds Weigh In On Republic Services

Large investors have recently made changes to their positions in the company. Golden State Wealth Management LLC lifted its stake in shares of Republic Services by 3,533.3% in the 1st quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider's stock valued at $26,000 after purchasing an additional 106 shares during the period. Arcadia Investment Management Corp MI lifted its stake in shares of Republic Services by 200.0% in the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider's stock valued at $27,000 after purchasing an additional 88 shares during the period. R Squared Ltd acquired a new position in shares of Republic Services in the 4th quarter valued at $32,000. New Age Alpha Advisors LLC lifted its stake in shares of Republic Services by 70.2% in the 4th quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider's stock valued at $36,000 after purchasing an additional 73 shares during the period. Finally, Park Square Financial Group LLC acquired a new position in shares of Republic Services in the 4th quarter valued at $44,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

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.