Republic Services, Inc. (NYSE: RSG – Get a rating) received an average recommendation of “Buy” by the ten brokerages that currently cover the stock, Marketbeat.com reports. Two equity research analysts rated the stock with a hold recommendation, six gave the company a buy recommendation and two gave the company a strong buy recommendation. The 12-month average price target among brokerages that have issued ratings on the stock over the past year is $138.14.
Several research analysts have recently weighed in on RSG shares. StockNews.com began covering shares of Republic Services in a report on Thursday, March 31. They issued a “Strong Buy” rating on the stock. Bank of America upgraded Republic Services from a “neutral” rating to a “buy” rating and raised its price target for the company from $140.00 to $150.00 in a Friday, May 13 report. Raymond James raised his price target on Republic Services shares from $140.00 to $142.00 and gave the stock an “outperform” rating in a Friday, April 22 research report. JPMorgan Chase & Co. launched coverage on Republic Services stocks in a Tuesday, March 1 research report. They set a “neutral” rating for the company. Finally, Deutsche Bank Aktiengesellschaft upgraded Republic Services shares from a “hold” rating to a “buy” rating and set a price target of $147.00 on the stock in a Thursday 16 research report. June.
In other Republic Services news, CAO Brian A. Goebel sold 347 shares of Republic Services in a trade that took place on Thursday, June 2. The stock was sold at an average price of $135.01, for a total value of $46,848.47. As a result of the transaction, the chief accounting officer now directly owns 6,186 shares of the company, valued at approximately $835,171.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available via the SEC website. Additionally, COO Timothy E. Stuart sold 15,000 shares in a trade that took place on Tuesday, June 7. The shares were sold at an average price of $135.19, for a total value of $2,027,850.00. Following the sale, the COO now directly owns 19,675 shares of the company, valued at approximately $2,659,863.25. Disclosure of this sale can be found here. 0.06% of the shares are currently held by insiders of the company.
Several hedge funds and other institutional investors have been buying and selling stocks recently. Oliver Lagore Vanvalin Investment Group bought a new position in Republic Services during Q1 worth around $25,000. Godsey & Gibb Associates bought a new stake in Republic Services in the fourth quarter for $28,000. Glassman Wealth Services increased its stake in Republic Services by 116.8% in the first quarter. Glassman Wealth Services now owns 206 shares of the business services provider valued at $27,000 after acquiring 111 additional shares in the last quarter. Masso Torrence Wealth Management Inc. bought a new position in Republic Services during Q4 for $32,000. Finally, FinTrust Capital Advisors LLC increased its position in Republic Services shares by 123.6% in the 1st quarter. FinTrust Capital Advisors LLC now owns 237 shares of the business services provider worth $32,000 after purchasing an additional 131 shares during the period. 92.80% of the shares are currently held by institutional investors.
Shares of NYSE RSG opened at $129.90 on Friday. The stock has a fifty-day moving average of $130.81 and a 200-day moving average of $130.06. The stock has a market capitalization of $41.03 billion, a PE ratio of 30.78, a growth price-earnings ratio of 2.54 and a beta of 0.75. The company has a debt ratio of 1.07, a quick ratio of 0.75 and a current ratio of 0.75. Republic Services has a fifty-two week minimum of $108.10 and a fifty-two week maximum of $145.98.
Services of the Republic (NYSE: RSG – Get a rating) last announced its quarterly results on Thursday, May 5. The business services provider reported earnings per share of $1.14 for the quarter, beating the consensus estimate of $1.05 by $0.09. The company posted revenue of $2.97 billion for the quarter, versus $2.89 billion expected by analysts. Republic Services had a return on equity of 15.60% and a net margin of 11.54%. The company’s revenue increased 14.4% year over year. In the same period a year earlier, the company posted earnings of $0.93 per share. On average, sell-side analysts expect Republic Services to post EPS of 4.67 for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 15. Shareholders of record on Friday, July 1 will receive a dividend of $0.46. This represents an annualized dividend of $1.84 and a yield of 1.42%. The ex-dividend date is Thursday, June 30. Republic Services’ dividend payout ratio is currently 43.60%.
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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