Republic Services (NYSE:RSG) Research Coverage Started at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft assumed coverage on shares of Republic Services (NYSE:RSGFree Report) in a research note released on Thursday, Marketbeat Ratings reports. The firm issued a hold rating and a $203.00 target price on the business services provider’s stock.

A number of other equities analysts also recently commented on RSG. Jefferies Financial Group boosted their price objective on shares of Republic Services from $213.00 to $225.00 and gave the stock a buy rating in a research note on Monday, March 18th. Morgan Stanley cut Republic Services from an overweight rating to an equal weight rating and set a $199.00 price objective for the company. in a research note on Friday, March 15th. Oppenheimer lifted their target price on Republic Services from $202.00 to $204.00 and gave the company an outperform rating in a research note on Wednesday, May 1st. Scotiabank increased their price target on shares of Republic Services from $211.00 to $213.00 and gave the company a sector perform rating in a research report on Wednesday, May 1st. Finally, UBS Group lifted their price objective on shares of Republic Services from $195.00 to $200.00 and gave the stock a neutral rating in a research report on Wednesday, May 1st. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Republic Services currently has an average rating of Moderate Buy and a consensus price target of $201.14.

Get Our Latest Stock Analysis on Republic Services

Republic Services Price Performance

RSG opened at $186.81 on Thursday. The company has a market capitalization of $58.83 billion, a price-to-earnings ratio of 32.77, a PEG ratio of 3.01 and a beta of 0.67. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.05. Republic Services has a 12-month low of $140.07 and a 12-month high of $196.76. The business’s fifty day simple moving average is $188.81 and its 200-day simple moving average is $176.20.

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

Republic Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Tuesday, July 2nd will be given a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Tuesday, July 2nd. Republic Services’s payout ratio is 37.54%.

Insider Transactions at Republic Services

In other Republic Services news, CEO Ark Jon Vander sold 5,446 shares of Republic Services stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 85,113 shares in the company, valued at approximately $15,669,303.30. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CMO Amanda Hodges sold 6,500 shares of Republic Services stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $186.02, for a total transaction of $1,209,130.00. Following the completion of the transaction, the chief marketing officer now directly owns 6,831 shares in the company, valued at $1,270,702.62. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ark Jon Vander sold 5,446 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $184.10, for a total value of $1,002,608.60. Following the completion of the sale, the chief executive officer now owns 85,113 shares in the company, valued at approximately $15,669,303.30. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

Hedge Funds Weigh In On Republic Services

Large investors have recently made changes to their positions in the company. Capital World Investors raised its position in shares of Republic Services by 416.9% in the fourth quarter. Capital World Investors now owns 6,562,420 shares of the business services provider’s stock worth $1,082,209,000 after acquiring an additional 5,292,862 shares during the period. Norges Bank acquired a new position in Republic Services in the 4th quarter worth about $358,837,000. TD Asset Management Inc boosted its position in Republic Services by 424.7% during the first quarter. TD Asset Management Inc now owns 1,722,107 shares of the business services provider’s stock worth $329,680,000 after purchasing an additional 1,393,918 shares in the last quarter. Magellan Asset Management Ltd grew its holdings in Republic Services by 1,497,159.0% in the third quarter. Magellan Asset Management Ltd now owns 913,328 shares of the business services provider’s stock valued at $130,158,000 after purchasing an additional 913,267 shares during the period. Finally, M&G Plc purchased a new stake in shares of Republic Services in the first quarter valued at approximately $130,892,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

About Republic Services

(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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Analyst Recommendations for Republic Services (NYSE:RSG)

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