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

Republic Services, Inc. (NYSE:RSG) has earned an average rating of “Hold” from the eighteen brokerages that are covering the stock, Marketbeat.com reports. Ten investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $211.00.

A number of analysts have recently issued reports on the company. Robert W. Baird boosted their target price on Republic Services from $208.00 to $210.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Truist Financial upgraded shares of Republic Services from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $192.00 to $220.00 in a research note on Thursday, July 11th. Raymond James reduced their target price on shares of Republic Services from $219.00 to $214.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Stifel Nicolaus increased their price target on Republic Services from $215.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Finally, TD Cowen upped their target price on Republic Services from $195.00 to $200.00 and gave the stock a “hold” rating in a research report on Monday, August 5th.

Insider Activity

In related news, Director Tomago Collins sold 3,200 shares of Republic Services stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $203.01, for a total value of $649,632.00. Following the completion of the transaction, the director now directly owns 17,486 shares in the company, valued at $3,549,832.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.09% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. YHB Investment Advisors Inc. acquired a new stake in shares of Republic Services during the 1st quarter valued at approximately $29,000. EntryPoint Capital LLC bought a new stake in Republic Services during the first quarter valued at $29,000. Bogart Wealth LLC acquired a new stake in shares of Republic Services during the fourth quarter worth $30,000. Jones Financial Companies Lllp lifted its position in shares of Republic Services by 3,014.3% in the 4th quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider’s stock worth $36,000 after buying an additional 211 shares during the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of Republic Services in the 2nd quarter valued at about $36,000. Institutional investors own 57.73% of the company’s stock.

Republic Services Price Performance

Republic Services stock opened at $202.82 on Monday. Republic Services has a 1 year low of $140.23 and a 1 year high of $208.69. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a 50 day moving average price of $200.65 and a 200 day moving average price of $192.50. The company has a market cap of $63.70 billion, a price-to-earnings ratio of 35.58, a PEG ratio of 3.26 and a beta of 0.70.

Republic Services (NYSE:RSG) last released 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. Republic Services had a return on equity of 17.81% and a net margin of 12.11%. The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.03 billion. Sell-side analysts predict that Republic Services will post 6.18 earnings per share for the current year.

Republic Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd will be issued a dividend of $0.58 per share. This is a positive change from Republic Services’s previous quarterly dividend of $0.54. This represents a $2.32 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Wednesday, October 2nd. Republic Services’s dividend payout ratio (DPR) is currently 37.54%.

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.