Republic Services (NYSE:RSG) Downgraded to Buy on StockNews.com

Republic Services (NYSE: RSG – Get a rating) was downgraded by analysts from StockNews.com from a “strong buy” rating to a “buy” rating in a research note released on Monday.

Other stock analysts have also recently published research reports on the company. 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. Oppenheimer raised his price target on Republic Services from $139.00 to $154.00 and gave the company an “outperform” rating in a Monday, Aug. 8 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 Friday, April 22 research note. Deutsche Bank Aktiengesellschaft raised its target price on Republic Services from $147.00 to $158.00 in a Tuesday, August 9 research note. 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. . Two analysts gave the stock a hold rating, six gave the stock a buy rating and one gave the stock a strong buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $148.33.

Republic services trade up 0.9%

Shares of Republic Services were up $1.28 at midday Monday, hitting $145.99. 939,750 shares of the company were traded, compared to its average volume of 1,280,893. The company has a leverage ratio of 1.26, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market capitalization of $46.12 billion, a PE ratio of 33.48, a price-to-earnings growth ratio of 2.67 and a beta of 0.72. The stock has a 50-day moving average of $131.59 and a 200-day moving average of $130.17. Republic Services has a 12 month minimum of $113.57 and a 12 month maximum of $146.40.

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 analyst consensus estimates 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 for the quarter, versus $3.30 billion expected by analysts. In the same period a year earlier, the company posted earnings of $1.09 per share. The company’s quarterly revenue increased 21.4% year over year. As a group, stock analysts expect Republic Services to post EPS of 4.78 for the current fiscal year.

Insider buying and selling

In other Republic Services News, CEO Ark Jon Vander sold 14,100 shares of the company in a transaction dated Monday, August 8. The shares were sold at an average price of $142.49, for a total value of $2,009,109.00. Following completion of the transaction, the CEO now directly owns 59,619 shares of the company, valued at approximately $8,495,111.31. The transaction was disclosed in a document filed with the SEC, accessible via this link. In related news, CEO Ark Jon Vander sold 14,100 shares in a transaction dated Monday, August 8. The shares were sold at an average price of $142.49, for a total transaction of $2,009,109.00. Following the sale, the CEO now owns 59,619 shares of the company, valued at $8,495,111.31. The transaction was disclosed in an SEC filing, which is available via this hyperlink. Additionally, COO Timothy E. Stuart sold 15,000 shares of the company in a trade dated Tuesday, June 7. The stock was sold at an average price of $135.19, for a total transaction of $2,027,850.00. Following completion of the transaction, the COO now owns 19,675 shares of the company, valued at approximately $2,659,863.25. Disclosure of this sale can be found here. In the past three months, insiders have sold 29,447 shares of the company valued at $4,083,807. Insiders of the company hold 0.06% of the shares of the company.

Institutional entries and exits

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its equity stake in Republic Services by 2.1% during the 1st quarter. BlackRock Inc. now owns 21,085,318 shares of the business services provider worth $2,793,803,000 after acquiring an additional 427,719 shares during the period. Vanguard Group Inc. increased its position in Republic Services shares by 1.0% during the first quarter. Vanguard Group Inc. now owns 17,800,921 shares of the business services provider worth $2,358,621,000 after purchasing an additional 168,696 shares during the period. State Street Corp increased its holdings of Republic Services shares 0.4% in the fourth quarter. State Street Corp now owns 10,143,176 shares of the business services provider valued at $1,419,062,000 after purchasing an additional 42,050 shares during the period. Pictet Asset Management SA increased its position in Republic Services shares by 2.3% in the second quarter. Pictet Asset Management SA now owns 8,117,444 shares of the business services provider worth $1,062,389,000 after purchasing an additional 178,861 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in Republic Services by 1.3% during the second quarter. Nordea Investment Management AB now owns 5,033,527 shares of the business services provider worth $651,339,000 after acquiring an additional 66,108 shares last quarter. 92.80% 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.

Read more

Analyst Recommendations for Republic Services (NYSE: RSG)

This instant news alert was powered by MarketBeat’s storytelling 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 Wall Street’s top-rated and top-performing research analysts daily 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 spreads…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