Republic Services, Inc. (NYSE: RSG – Get a rating) received a consensus rating of “Buy” by the ten analysts who currently cover the company, Market Beat Ratings reports. Four equity research analysts gave the stock a hold rating, four gave the company a buy rating and two gave the company a strong buy rating. The 12-month average target price among brokerages that updated their coverage on the stock in the last year is $134.86.
A number of stock analysts have recently released reports on RSG shares. Raymond James raised his price target on Republic Services from $140.00 to $142.00 and gave the stock an “outperform” rating in a Friday, April 22 report. Deutsche Bank Aktiengesellschaft cut its price target on Republic Services from $142.00 to $139.00 and set a “hold” rating for the company in a Monday, February 14 research report. StockNews.com began covering Republic Services in a research report on Thursday, March 31. They issued a “Strong Buy” rating for the company. JPMorgan Chase & Co. began covering Republic services in a research note on Tuesday, March 1. They issued a “neutral” rating on the title. Finally, 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 research note.
Shares of NYSE: RSG opened at $130.33 on Friday. Republic Services has a 12 month minimum of $106.46 and a 12 month maximum of $145.98. The company has a debt ratio of 1.06, a current ratio of 0.71 and a quick ratio of 0.71. The company’s 50-day simple moving average is $131.26 and its 200-day simple moving average is $131.15. The company has a market cap of $41.16 billion, a price-to-earnings ratio of 32.26, a growth price-to-earnings ratio of 2.83, and a beta of 0.75.
Services of the Republic (NYSE: RSG – Get a rating) last announced its quarterly results on Thursday, May 5. The business services provider reported EPS of $1.14 for the quarter, beating the consensus estimate of $1.05 by $0.09. Republic Services had a return on equity of 15.04% and a net margin of 11.42%. The company posted revenue of $2.97 billion in the quarter, versus analyst estimates of $2.89 billion. In the same period a year earlier, the company posted earnings per share of $0.93. The company’s revenue increased 14.4% year over year. On average, stock analysts expect Republic Services to post earnings per share of 4.62 for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 14. Investors of record on Friday, April 1 received a dividend of $0.46 per share. The ex-dividend date was Thursday, March 31. This represents an annualized dividend of $1.84 and a yield of 1.41%. Republic Services’ dividend payout ratio is 45.54%.
Separately, major shareholder Cascade Investment, LLC acquired 362,747 shares of the company in a transaction on Friday, February 18. The shares were purchased at an average cost of $117.17 per share, with a total value of $42,503,065.99. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, available at this link. Insiders acquired 710,420 shares of the company worth $83,099,992 in the past ninety days. Insiders of the company hold 0.06% of the shares of the company.
A number of hedge funds and other institutional investors have recently increased or reduced their stake in RSG. Marshall Wace LLP acquired a new position in shares of Republic Services in Q1 worth approximately $130,000. FMR LLC increased its equity stake in Republic Services by 104.6% in Q1. FMR LLC now owns 143,930 shares of the business services provider worth $11,570,000 after acquiring an additional 73,568 shares in the last quarter. PNC Financial Services Group Inc. increased its equity stake in Republic Services by 5.3% in Q3. PNC Financial Services Group Inc. now owns 40,422 shares of the business services provider worth $4,853,000 after acquiring 2,026 additional shares last quarter. Advisor Group Holdings Inc. increased its holdings of Republic Services stock by 21.0% in Q3. Advisor Group Holdings Inc. now owns 70,509 shares of the business services provider worth $8,469,000 after acquiring 12,247 additional shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in Republic Services shares by 4.8% in the third quarter. Daiwa Securities Group Inc. now owns 12,563 shares of the business services provider worth $1,508,000 after acquiring an additional 575 shares in the last quarter. 92.80% of the shares are currently held by institutional investors.
About Republic Services (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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