Republic Services (NYSE:RSG) Upgraded at BMO Capital Markets

BMO Capital Markets upgraded shares of Republic Services (NYSE:RSG - Free Report) from a market perform rating to an outperform rating in a research report report published on Friday, MarketBeat reports. They currently have $238.00 target price on the business services provider's stock, up from their prior target price of $211.00.

A number of other equities analysts have also weighed in on RSG. Scotiabank assumed coverage on shares of Republic Services in a report on Friday, October 4th. They issued a "sector perform" rating and a $224.00 price target on the stock. Oppenheimer boosted their price target on Republic Services from $219.00 to $220.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Truist Financial raised their price objective on Republic Services from $220.00 to $244.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. William Blair began coverage on Republic Services in a report on Thursday, October 3rd. They set an "outperform" rating for the company. Finally, Morgan Stanley raised their price target on shares of Republic Services from $208.00 to $217.00 and gave the company an "equal weight" rating in a report on Wednesday, October 30th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $217.88.

Republic Services Trading Up 0.6 %

Shares of RSG stock traded up $1.20 during mid-day trading on Friday, hitting $216.68. 1,053,775 shares of the company's stock were exchanged, compared to its average volume of 929,871. The stock has a market cap of $67.85 billion, a price-to-earnings ratio of 34.67, a PEG ratio of 3.29 and a beta of 0.71. 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 has a fifty-two week low of $160.41 and a fifty-two week high of $220.58. The stock has a 50-day simple moving average of $207.21 and a two-hundred day simple moving average of $200.67.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, beating the consensus estimate of $1.61 by $0.20. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The company had revenue of $4.08 billion during the quarter, compared to analysts' expectations of $4.12 billion. During the same quarter in the previous year, the business earned $1.54 EPS. The firm's revenue was up 6.5% on a year-over-year basis. Equities analysts expect that Republic Services will post 6.24 EPS for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.07%. Republic Services's dividend payout ratio (DPR) is presently 37.12%.

Insider Buying and Selling 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 value 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 approximately $1,326,906.36. The trade was a 44.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.09% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Republic Services

A number of hedge funds have recently bought and sold shares of the company. CWM LLC boosted its holdings in Republic Services by 8.2% in the second quarter. CWM LLC now owns 9,131 shares of the business services provider's stock worth $1,774,000 after purchasing an additional 693 shares during the period. QRG Capital Management Inc. grew its position in shares of Republic Services by 1.1% during the 2nd quarter. QRG Capital Management Inc. now owns 20,124 shares of the business services provider's stock valued at $3,911,000 after buying an additional 224 shares during the last quarter. Gateway Investment Advisers LLC raised its stake in Republic Services by 16.1% during the second quarter. Gateway Investment Advisers LLC now owns 4,250 shares of the business services provider's stock worth $826,000 after acquiring an additional 590 shares during the period. Peak Financial Advisors LLC bought a new position in Republic Services in the second quarter worth about $2,943,000. Finally, Czech National Bank boosted its stake in Republic Services by 8.4% in the second quarter. Czech National Bank now owns 39,008 shares of the business services provider's stock valued at $7,581,000 after acquiring an additional 3,024 shares during the period. 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.