Republic Services, Inc. (NYSE:RSG) Receives Consensus “Moderate Buy” Recommendation From Analysts

Republic Services, Inc. (NYSE: RSG – Get a rating) received an average recommendation of “moderate buy” from the eight research companies that currently cover the business, MarketBeat reports. Two equity research analysts rated the stock with a hold recommendation and five gave the company a buy recommendation. The 1-year average price target among analysts who have reported on the stock in the past year is $148.33.

Several research analysts have recently published reports on RSG stocks. Deutsche Bank Aktiengesellschaft raised its price target on Republic Services shares from $147.00 to $158.00 in a Tuesday, August 9 research report. Oppenheimer raised his price target on Republic Services shares from $139.00 to $154.00 and gave the stock an “outperform” rating in a Monday, Aug. 8 research report. StockNews.com upgraded Republic Services from a “strong buy” rating to a “buy” rating in a report on Monday, August 15. Morgan Stanley raised its price target on Republic Services from $147.00 to $157.00 and gave the stock an “overweight” rating in a Monday, Aug. 8 report. Finally, Bank of America upgraded Republic Services from a “neutral” rating to a “buy” rating and raised its price target for the stock from $140.00 to $150.00 in a Friday, May 13 report. .

Insider activity

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In other news, CEO Ark Jon Vander sold 14,100 shares of the company in a transaction dated Monday, August 8. The stock was sold at an average price of $142.49, for a total value of $2,009,109.00. Following the completion of the sale, the CEO now directly owns 59,619 shares of the company, valued at approximately $8,495,111.31. The sale was disclosed in a document filed with the SEC, accessible via this hyperlink. 0.06% of the shares are currently held by insiders of the company.

Institutional Trade in Republic Services

A number of large investors have recently bought and sold shares of RSG. HighTower Advisors LLC increased its position in Republic Services by 0.3% in the 4th quarter. HighTower Advisors LLC now owns 24,418 shares of the business services provider worth $3,405,000 after acquiring 82 additional shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in Republic Services by 6.0% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 93,942 shares of the business services provider worth $13,018,000 after acquiring an additional 5,304 shares in the last quarter. Aviva PLC increased its position in Republic Services by 18.3% in the 4th quarter. Aviva PLC now owns 76,030 shares of the business services provider worth $10,602,000 after acquiring 11,774 additional shares in the last quarter. Paradigm Financial Partners LLC increased its position in Republic Services by 623.7% during the 4th quarter. Paradigm Financial Partners LLC now owns 75,008 shares of the business services provider worth $9,909,000 after acquiring an additional 64,643 shares in the last quarter. Finally, Tredje AP fonden acquired a new position in Republic Services during Q4 worth approximately $1,751,000. 58.01% of the shares are held by institutional investors.

Stock of Republican services up 2.4%

NYSE:RSG shares opened at $147.46 on Thursday. Republic Services has a 52-week minimum of $113.57 and a 52-week maximum of $148.26. The company has a debt ratio of 1.26, a quick ratio of 0.73 and a current ratio of 0.73. The company’s fifty-day moving average is $138.30 and its 200-day moving average is $132.81. The company has a market capitalization of $46.59 billion, a PE ratio of 33.82, a P/E/G ratio of 2.63 and a beta of 0.70.

Republic Services (NYSE: RSG – Get a rating) last reported results on Thursday, August 4. The business services provider reported EPS of $1.32 for the quarter, beating the consensus estimate of $1.18 by $0.14. The company posted revenue of $3.41 billion for the quarter, versus a consensus estimate of $3.30 billion. Republic Services achieved a net margin of 11.31% and a return on equity of 16.18%. The company’s revenue for the quarter increased by 21.4% compared to the same quarter last year. In the same quarter of the previous year, the company achieved EPS of $1.09. Equity research analysts expect Republic Services to post earnings per share of 4.78 for the current fiscal year.

The services of the Republic increase their dividends

The company also recently declared a quarterly dividend, which will be paid on Friday, October 14. Shareholders of record on Monday, October 3 will receive a dividend of $0.495. The ex-date of this dividend is Friday, September 30. This is a boost from Republic Services’ previous quarterly dividend of $0.46. This represents a dividend of $1.98 on an annualized basis and a dividend yield of 1.34%. Republic Services’ dividend payout ratio is 42.20%.

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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Analyst Recommendations for Republic Services (NYSE: RSG)

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