Republic Services (NYSE:RSG) downgraded by StockNews.com

Republic Services (NYSE: RSG – Get a rating) was downgraded by equity research analysts to StockNews.com from a “strong buy” rating to a “buy” rating in a research report released Saturday to clients and investors.

Several other research companies have also weighed in on RSG recently. Morgan Stanley raised its price target on Republic Services shares from $157.00 to $162.00 and gave the company an “overweight” rating in a Tuesday, September 27 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. Finally, Deutsche Bank Aktiengesellschaft raised its price target on Republic Services shares from $147.00 to $158.00 in a Tuesday, August 9 research report. Two research analysts gave the stock a hold rating and six gave the stock a buy rating. According to data from MarketBeat.com, Republic Services currently has an average rating of “Moderate Buy” and a consensus target price of $149.17.

Republic Service Price Performance

Republic Services shares opened at $127.45 on Friday. Republic Services has a 52-week minimum of $113.57 and a 52-week maximum of $149.17. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt ratio of 1.26. The stock’s 50-day simple moving average is $141.98 and its 200-day simple moving average is $135.28. The company has a market capitalization of $40.27 billion, a price-earnings ratio of 29.23, a PEG ratio of 2.40 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 earnings per share of $1.32 for the quarter, beating analysts’ consensus estimate of $1.18 by $0.14. Republic Services had a return on equity of 16.18% and a net margin of 11.31%. The company posted revenue of $3.41 billion in the quarter, versus analyst estimates of $3.30 billion. In the same quarter a year earlier, the company had earned earnings per share of $1.09. Republic Services revenue increased 21.4% year over year. As a group, analysts expect Republic Services to post earnings per share of 4.77 for the current fiscal year.

Insider Trading at Republic Services

In other Republic Services News, CEO Ark Jon Vander sold 14,100 shares of Republic Services in a trade that took place on Monday, August 8. The stock was sold at an average price of $142.49, for a total transaction of $2,009,109.00. As a result of the sale, the CEO now directly owns 59,619 shares of the company, valued at $8,495,111.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via the SEC website. 0.06% of the shares are currently held by insiders.

Hedge funds weigh on the services of the Republic

A number of large investors have recently shifted their RSG holdings. Norges Bank acquired a new position in shares of Republic Services during Q4 for a value of approximately $277,394,000. Price T Rowe Associates Inc. MD increased its stake in Republic Services by 29.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 7,226,762 shares of the business services provider valued at $945,766,000 after buying an additional 1,657,265 shares last quarter. BlackRock Inc. increased its holdings of Republic Services shares by 2.3% during the fourth quarter. BlackRock Inc. now owns 20,657,599 shares of the business services provider valued at $2,880,704,000 after buying an additional 466,966 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake in Republic Services by 46.1% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,384,966 shares of the business services provider worth $183,542,000 after buying an additional 436,685 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Republic Services by 18.4% during the first quarter. Invesco Ltd. now owns 2,723,076 shares of the business services provider worth $360,808,000 after purchasing an additional 422,281 shares in the last quarter. 58.01% of the shares are currently held by institutional investors and hedge funds.

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.

Featured articles

Analyst Recommendations for Republic Services (NYSE: RSG)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Before you consider Republic services, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes hold…and Republic Services was not on the list.

While Republic Services currently has a “moderate buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here