Republic Services, Inc. (NYSE:RSG) Given Average Rating of “Hold” by Analysts

by · The Cerbat Gem

Shares of Republic Services, Inc. (NYSE:RSG – Get Free Report) have received a consensus rating of “Hold” from the nineteen ratings firms that are covering the company, MarketBeat.com reports. Ten analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $211.00.

A number of equities analysts have commented on the stock. TD Cowen lifted their price objective on shares of Republic Services from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Monday, August 5th. Oppenheimer decreased their target price on shares of Republic Services from $211.00 to $210.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Raymond James cut their price target on Republic Services from $219.00 to $214.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Truist Financial raised Republic Services from a “hold” rating to a “buy” rating and increased their price objective for the stock from $192.00 to $220.00 in a report on Thursday, July 11th. Finally, StockNews.com downgraded Republic Services from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st.

Check Out Our Latest Analysis on RSG

Insider Buying and Selling

In other Republic Services news, Director Tomago Collins sold 3,200 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $203.01, for a total value of $649,632.00. Following the transaction, the director now owns 17,486 shares of the company’s stock, valued at $3,549,832.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.09% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Republic Services

A number of institutional investors and hedge funds have recently modified their holdings of the stock. YHB Investment Advisors Inc. acquired a new position in shares of Republic Services in the 1st quarter valued at $29,000. EntryPoint Capital LLC acquired a new position in shares of Republic Services in the first quarter worth about $29,000. Jones Financial Companies Lllp increased its position in shares of Republic Services by 3,014.3% in the fourth quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider’s stock worth $36,000 after acquiring an additional 211 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of Republic Services during the second quarter valued at approximately $36,000. Finally, Indiana Trust & Investment Management CO purchased a new stake in shares of Republic Services in the 2nd quarter valued at approximately $45,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Stock Up 0.9 %

Shares of NYSE:RSG opened at $201.90 on Friday. The company has a 50 day moving average of $202.34 and a two-hundred day moving average of $194.77. Republic Services has a 52-week low of $141.56 and a 52-week high of $208.69. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $63.58 billion, a price-to-earnings ratio of 35.42, a price-to-earnings-growth ratio of 3.20 and a beta of 0.69.

Republic Services (NYSE:RSG – Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. The firm had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.03 billion. Republic Services had a net margin of 12.11% and a return on equity of 17.81%. As a group, analysts forecast that Republic Services will post 6.18 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd will be issued a $0.58 dividend. This is an increase from Republic Services’s previous quarterly dividend of $0.54. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Wednesday, October 2nd. Republic Services’s payout ratio is presently 40.70%.

Republic Services Company Profile

(Get Free Report

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.

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