Republic Services, Inc. (NYSE:RSG) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Republic Services, Inc. (NYSE:RSG) has been given a consensus rating of “Moderate Buy” by the eighteen research firms that are covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $220.06.

A number of analysts have weighed in on RSG shares. Truist Financial raised their price objective on shares of Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. William Blair began coverage on shares of Republic Services in a report on Thursday, October 3rd. They issued an “outperform” rating for the company. Royal Bank of Canada increased their target price on Republic Services from $211.00 to $219.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Scotiabank assumed coverage on Republic Services in a research note on Friday, October 4th. They issued a “sector perform” rating and a $224.00 price target for the company. Finally, Oppenheimer lifted their price objective on Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th.

Republic Services Price Performance

RSG stock opened at $205.62 on Wednesday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a 50 day moving average price of $208.79 and a 200-day moving average price of $202.31. Republic Services has a 52-week low of $161.19 and a 52-week high of $220.58. The firm has a market capitalization of $64.39 billion, a price-to-earnings ratio of 32.90, a PEG ratio of 3.30 and a beta of 0.71.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.20. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The business 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 earnings per share. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities research analysts forecast that Republic Services will post 6.25 EPS for the current fiscal year.

Republic Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a dividend of $0.58 per share. The ex-dividend date is Thursday, January 2nd. This represents a $2.32 annualized dividend and a yield of 1.13%. Republic Services’s dividend payout ratio (DPR) is presently 37.12%.

Insiders Place Their Bets

In related news, Director Katharine Weymouth sold 1,859 shares of Republic Services stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $215.27, for a total transaction of $400,186.93. Following the transaction, the director now owns 879 shares in the company, valued at approximately $189,222.33. The trade was a 67.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the stock in a transaction on Tuesday, November 19th. The stock was 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 $1,326,906.36. The trade was a 44.53 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

Institutional Trading of Republic Services

Several institutional investors have recently made changes to their positions in the business. TCW Group Inc. boosted its stake in Republic Services by 13.0% in the 3rd quarter. TCW Group Inc. now owns 114,582 shares of the business services provider’s stock worth $23,013,000 after purchasing an additional 13,138 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Republic Services during the third quarter worth $6,102,000. Lifeworks Advisors LLC increased its holdings in Republic Services by 1,112.3% in the 3rd quarter. Lifeworks Advisors LLC now owns 21,469 shares of the business services provider’s stock valued at $4,312,000 after acquiring an additional 19,698 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Republic Services by 15.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 5,663 shares of the business services provider’s stock worth $1,137,000 after purchasing an additional 746 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Republic Services during the 3rd quarter valued at about $6,579,000. Hedge funds and other institutional investors 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.