Republic Services (NYSE:RSG) PT Raised to $200.00

Republic Services (NYSE:RSG) had its target price increased by UBS Group from $195.00 to $200.00 in a research report released on Wednesday morning, Benzinga reports. The brokerage currently has a neutral rating on the business services provider’s stock.

Several other brokerages have also recently issued reports on RSG. Scotiabank assumed coverage on shares of Republic Services in a research report on Monday, April 8th. They set a sector perform rating and a $211.00 price target on the stock. Jefferies Financial Group increased their target price on Republic Services from $213.00 to $225.00 and gave the stock a buy rating in a research report on Monday, March 18th. Royal Bank of Canada started coverage on Republic Services in a report on Monday, April 8th. They issued a sector perform rating and a $198.00 price objective for the company. Oppenheimer boosted their target price on shares of Republic Services from $202.00 to $204.00 and gave the company an outperform rating in a report on Wednesday. Finally, BMO Capital Markets lifted their price target on shares of Republic Services from $173.00 to $195.00 and gave the company a market perform rating in a research report on Wednesday, February 28th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $201.00.

Republic Services Stock Down 3.0 %

Shares of NYSE:RSG opened at $186.00 on Wednesday. Republic Services has a 1 year low of $140.07 and a 1 year high of $196.76. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.56 and a quick ratio of 0.56. The stock’s 50-day moving average is $187.94 and its 200 day moving average is $171.57. The company has a market cap of $58.59 billion, a PE ratio of 32.63, a P/E/G ratio of 3.35 and a beta of 0.67.

Republic Services (NYSE:RSG) last announced its earnings results on Tuesday, April 30th. The business services provider reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.10. The company had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.89 billion. Republic Services had a return on equity of 17.75% and a net margin of 11.81%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.24 earnings per share. Sell-side analysts anticipate that Republic Services will post 6.01 EPS for the current year.

Republic Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, July 2nd will be issued a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Tuesday, July 2nd. Republic Services’s payout ratio is currently 37.54%.

Insider Buying and Selling

In other Republic Services news, CEO Ark Jon Vander sold 5,446 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $184.10, for a total transaction of $1,002,608.60. Following the transaction, the chief executive officer now owns 85,113 shares in the company, valued at approximately $15,669,303.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.09% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Republic Services

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its stake in shares of Republic Services by 0.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,658,978 shares of the business services provider’s stock valued at $948,971,000 after purchasing an additional 44,512 shares during the period. Capital World Investors grew its position in Republic Services by 416.9% during the fourth quarter. Capital World Investors now owns 6,562,420 shares of the business services provider’s stock valued at $1,082,209,000 after buying an additional 5,292,862 shares during the period. Morgan Stanley raised its position in Republic Services by 4.1% in the third quarter. Morgan Stanley now owns 5,054,359 shares of the business services provider’s stock worth $720,297,000 after acquiring an additional 197,654 shares during the period. Nordea Investment Management AB boosted its stake in shares of Republic Services by 2.9% during the 3rd quarter. Nordea Investment Management AB now owns 3,790,052 shares of the business services provider’s stock worth $547,473,000 after acquiring an additional 107,499 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Republic Services by 0.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,727,719 shares of the business services provider’s stock worth $531,237,000 after purchasing an additional 13,166 shares in the last quarter. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

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.