Brokerages Set Republic Services, Inc. (NYSE:RSG) Price Target at $201.14

Republic Services, Inc. (NYSE:RSG) has been given a consensus recommendation of “Hold” by the fifteen research firms that are covering the firm, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $201.14.

Several equities analysts have recently commented on RSG shares. Truist Financial upped their price target on shares of Republic Services from $175.00 to $192.00 and gave the stock a “hold” rating in a research report on Wednesday, February 28th. Royal Bank of Canada assumed coverage on shares of Republic Services in a report on Monday, April 8th. They issued a “sector perform” rating and a $198.00 price objective for the company. The Goldman Sachs Group upped their price objective on shares of Republic Services from $209.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Jefferies Financial Group upped their price objective on shares of Republic Services from $213.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Finally, Scotiabank upped their price objective on shares of Republic Services from $211.00 to $213.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 1st.

Republic Services Stock Up 0.1 %

RSG stock opened at $191.93 on Wednesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.53 and a quick ratio of 0.53. Republic Services has a 1-year low of $140.23 and a 1-year high of $196.76. The firm has a fifty day moving average price of $188.14 and a two-hundred day moving average price of $179.98. The firm has a market cap of $60.44 billion, a price-to-earnings ratio of 33.67, a PEG ratio of 3.22 and a beta of 0.68.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Tuesday, April 30th. The business services provider reported $1.45 EPS for the quarter, topping the consensus estimate of $1.35 by $0.10. The business had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.89 billion. Republic Services had a net margin of 11.81% and a return on equity of 17.56%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.24 earnings per share. Research analysts predict that Republic Services will post 6.05 EPS for the current year.

Republic Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be issued a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Tuesday, July 2nd. Republic Services’s payout ratio is 37.54%.

Insider Transactions at Republic Services

In related news, Director Katharine Weymouth purchased 540 shares of Republic Services stock in a transaction dated Tuesday, June 4th. The stock was acquired at an average cost of $185.26 per share, with a total value of $100,040.40. Following the completion of the transaction, the director now directly owns 540 shares of the company’s stock, valued at $100,040.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Republic Services news, Director Katharine Weymouth acquired 540 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The shares were purchased at an average price of $185.26 per share, with a total value of $100,040.40. Following the completion of the transaction, the director now owns 540 shares in the company, valued at $100,040.40. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CMO Amanda Hodges sold 6,500 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $186.02, for a total transaction of $1,209,130.00. Following the transaction, the chief marketing officer now directly owns 6,831 shares in the company, valued at approximately $1,270,702.62. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.

Institutional Investors Weigh In On Republic Services

Several institutional investors and hedge funds have recently made changes to their positions in the company. YHB Investment Advisors Inc. bought a new stake in Republic Services during the 1st quarter worth about $29,000. EntryPoint Capital LLC bought a new stake in shares of Republic Services during the 1st quarter worth approximately $29,000. Bogart Wealth LLC bought a new stake in Republic Services in the 4th quarter valued at $30,000. Turtle Creek Wealth Advisors LLC bought a new stake in Republic Services in the 4th quarter valued at $34,000. Finally, Jones Financial Companies Lllp increased its position in Republic Services by 3,014.3% during the 4th quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider’s stock worth $36,000 after buying an additional 211 shares during the period. Institutional investors and hedge funds own 57.73% of the company’s stock.

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.