Republic Services, Inc. (NYSE: RSG – Get a rating) – Jefferies Financial Group research analysts dropped their first-quarter 2022 EPS estimates for Republic Services shares in a research report released Friday, April 22. Jefferies Financial Group analyst H. Mazari now expects the business services provider to earn $1.02 per share for the quarter, down from its previous forecast of $1.03.
Services of the Republic (NYSE: RSG – Get a rating) last reported results on Thursday, February 10. The business services provider reported earnings per share (EPS) of $1.02 for the quarter, beating analyst consensus estimates of $1.01 by $0.01. Republic Services had a return on equity of 15.04% and a net margin of 11.42%. The company posted revenue of $2.95 billion for the quarter, versus analyst estimates of $2.87 billion. During the same period of the previous year, the company earned earnings per share of $1.00. Republic Services revenue increased 14.8% compared to the same quarter last year.
Other analysts have also published research reports on the company. Morgan Stanley raised its price target on Republic Services from $139.00 to $149.00 and gave the stock an “overweight” rating in a Tuesday, March 8 report. Deutsche Bank Aktiengesellschaft cut its price target on Republic Services from $142.00 to $139.00 and set a “hold” rating on the stock in a Monday, February 14 research note. Raymond James raised its target price on Republic Services from $140.00 to $142.00 and gave the stock an “outperform” rating in a research report on Friday. StockNews.com began covering Republic Services in a research report on Thursday, March 31. They established a “Strong Buy” rating for the company. Finally, JPMorgan Chase & Co. began covering Republic services in a research report on Tuesday, March 1. They set a “neutral” rating for the company. Four analysts gave the stock a hold rating, four gave the stock a buy rating and two gave the stock a strong buy rating. Based on data from MarketBeat, Republic Services currently has a consensus rating of “Buy” and an average price target of $134.86.
Shares of GSR action opened at $132.40 on Monday. The stock’s 50-day simple moving average is $128.38 and its 200-day simple moving average is $130.79. The company has a debt ratio of 1.06, a quick ratio of 0.71 and a current ratio of 0.71. Republic Services has a twelve month minimum of $104.00 and a twelve month maximum of $145.98. The company has a market capitalization of $41.81 billion, a price/earnings ratio of 32.77, a PEG ratio of 2.90 and a beta of 0.81.
Several hedge funds have recently bought and sold shares of the company. Corient Capital Partners LLC increased its position in Republic Services shares by 2.0% during the third quarter. Corient Capital Partners LLC now owns 3,776 shares of the business services provider worth $454,000 after purchasing an additional 74 shares during the period. Benjamin Edwards Inc. increased its position in Republic Services by 0.4% during the fourth quarter. Benjamin Edwards Inc. now owns 18,093 shares of the business services provider valued at $2,523,000 after buying 79 additional shares in the last quarter. Profund Advisors LLC increased its position in Republic Services by 2.9% during the fourth quarter. Profund Advisors LLC now owns 2,928 shares of the business services provider valued at $408,000 after buying 82 additional shares in the last quarter. HighTower Advisors LLC increased its position in Republic Services by 0.3% during the fourth quarter. HighTower Advisors LLC now owns 24,418 shares of the business services provider valued at $3,405,000 after buying 82 additional shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its position in Republic Services by 1.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 4,965 shares of the business services provider valued at $692,000 after buying 87 additional shares in the last quarter. 58.80% of the shares are held by institutional investors.
In other news, major shareholder Cascade Investment, LLC acquired 259,085 shares of Republic Services in a transaction dated Tuesday, February 22. The stock was purchased at an average cost of $117.03 per share, with a total value of $30,320,717.55. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available via the SEC website. Insiders acquired 710,420 shares of the company worth $83,099,992 in the past 90 days. Company insiders own 0.06% of the company’s shares.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 14. Shareholders of record on Friday, April 1 received a dividend of $0.46. The ex-dividend date was Thursday, March 31. This represents an annualized dividend of $1.84 and a dividend yield of 1.39%. Republic Services’ dividend payout ratio (DPR) is currently 45.54%.
Republic Services Company Profile (Get a rating)
Republic Services, Inc., together with its subsidiaries, provides environmental services in the United States. The company offers collection and processing of recyclable materials, collection, transfer and disposal of non-hazardous solid waste and other environmental solutions. Its collection services include curbside collection of materials for transportation to transfer stations, landfills or recycling processing centers; supply of recycling and waste containers; and rental of compactors.
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