Republic Services (NYSE:RSG) Sets New 52-Week High at $192.68

Republic Services, Inc. (NYSE:RSG) reached a new 52-week high on Monday . The company traded as high as $192.68 and last traded at $192.58, with a volume of 421474 shares trading hands. The stock had previously closed at $189.76.

Analysts Set New Price Targets

A number of research firms have weighed in on RSG. Jefferies Financial Group lifted their price objective on Republic Services from $213.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Truist Financial raised their target price on Republic Services from $175.00 to $192.00 and gave the company a “hold” rating in a research report on Wednesday, February 28th. Oppenheimer raised their target price on Republic Services from $182.00 to $195.00 and gave the company an “outperform” rating in a research report on Wednesday, February 28th. Wells Fargo & Company raised their target price on Republic Services from $180.00 to $188.00 and gave the company an “overweight” rating in a research report on Tuesday, February 6th. Finally, UBS Group cut Republic Services from a “buy” rating to a “neutral” rating and raised their target price for the company from $175.00 to $195.00 in a research report on Thursday, February 29th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $199.77.

Republic Services Trading Down 0.6 %

The company has a market cap of $60.04 billion, a PE ratio of 34.85, a price-to-earnings-growth ratio of 3.35 and a beta of 0.68. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.13. The business has a 50-day simple moving average of $186.59 and a 200-day simple moving average of $169.85.

Republic Services (NYSE:RSG) last announced its earnings results on Tuesday, February 27th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.13. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.73 billion. Republic Services had a return on equity of 17.32% and a net margin of 11.57%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.13 earnings per share. On average, analysts predict that Republic Services, Inc. will post 6.01 EPS for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Tuesday, April 2nd were paid a $0.535 dividend. The ex-dividend date was Monday, April 1st. This represents a $2.14 annualized dividend and a dividend yield of 1.12%. Republic Services’s dividend payout ratio (DPR) is 39.12%.

Insiders Place Their Bets

In other Republic Services news, CEO Ark Jon Vander sold 5,446 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $184.10, for a total value of $1,002,608.60. Following the completion of the transaction, the chief executive officer now owns 85,113 shares in the company, valued at $15,669,303.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.09% of the company’s stock.

Hedge Funds Weigh In On Republic Services

A number of institutional investors and hedge funds have recently modified their holdings of RSG. Global Retirement Partners LLC boosted its stake in Republic Services by 42.8% in the first quarter. Global Retirement Partners LLC now owns 1,064 shares of the business services provider’s stock valued at $204,000 after acquiring an additional 319 shares in the last quarter. Rational Advisors LLC boosted its stake in Republic Services by 34.7% in the first quarter. Rational Advisors LLC now owns 287 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 74 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its stake in Republic Services by 24.6% in the first quarter. Nations Financial Group Inc. IA ADV now owns 2,875 shares of the business services provider’s stock valued at $550,000 after acquiring an additional 568 shares in the last quarter. Wesbanco Bank Inc. acquired a new position in Republic Services in the first quarter valued at $231,000. Finally, Summit Trail Advisors LLC acquired a new position in Republic Services in the first quarter valued at $232,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

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.