Republic Services (NYSE: RSG – Get a rating) saw its price target raised by Deutsche Bank Aktiengesellschaft equity research analysts from $147.00 to $158.00 in a research note released on Tuesday, Fly reports. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 10.61% from the company’s current price.
RSG has been the subject of several other reports. 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 research report. Oppenheimer raised his price target on Republic Services shares from $139.00 to $154.00 and gave the company an “outperform” rating in a report on Monday. Morgan Stanley raised its target price on shares of Republic Services from $147.00 to $157.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Bank of America moved Republic Services shares from a “neutral” rating to a “buy” rating and raised its price target for the stock from $140.00 to $150.00 in a report research on Friday, May 13. Two equity research analysts gave the stock a hold rating, five gave the company a buy rating and two gave the company a high buy rating. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $148.33.
Performance of Republic Services shares
Shares of Republic Services opened at $142.84 on Tuesday. The company has a debt ratio of 1.26, a quick ratio of 0.75 and a current ratio of 0.73. The company’s 50-day moving average price is $130.89 and its 200-day moving average price is $129.67. The company has a market capitalization of $45.12 billion, a price/earnings ratio of 32.76, a PEG ratio of 2.82 and a beta of 0.72. Republic Services has a one-year minimum of $113.57 and a one-year maximum of $145.98.
Republic Services (NYSE: RSG – Get a rating) last announced its quarterly results on Thursday, August 4. The business services provider reported earnings per share of $1.32 for the quarter, beating the consensus estimate of $1.18 by $0.14. Republic Services achieved a net margin of 11.31% and a return on equity of 16.18%. The company posted revenue of $3.41 billion for the quarter, versus $3.30 billion expected by analysts. In the same quarter a year earlier, the company posted EPS of $1.09. The company’s revenue increased by 21.4% compared to the same quarter last year. On average, research analysts predict Republic Services will post an EPS of 4.78 for the current year.
In related news, CAD Brian A. Goebel sold 347 shares of the company in a trade on Thursday, June 2. The stock was sold at an average price of $135.01, for a total transaction of $46,848.47. Following completion of the transaction, the chief accounting officer now directly owns 6,186 shares of the company, valued at approximately $835,171.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, available at the SEC website. In related news, CAO Brian A. Goebel sold 347 shares of Republic Services in a trade that took place on Thursday, June 2. The shares were sold at an average price of $135.01, for a total value of $46,848.47. Following completion of the transaction, the chief accounting officer now owns 6,186 shares of the company, valued at $835,171.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, COO Timothy E. Stuart sold 15,000 shares of the company in a trade on Tuesday, June 7. The shares were sold at an average price of $135.19, for a total transaction of $2,027,850.00. Following the completion of the sale, the COO now owns 19,675 shares of the company, valued at $2,659,863.25. Disclosure of this sale can be found here. Insiders own 0.06% of the shares of the company.
Institutional entries and exits
Hedge funds have recently changed their stock holdings. Assenagon Asset Management SA increased its position in Republic Services by 60.8% in the 4th quarter. Assenagon Asset Management SA now owns 2,770 shares of the business services provider valued at $386,000 after buying an additional 1,047 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of Republic Services by 2.0% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 7,611 shares of the business services provider worth $1,061,000 after purchasing an additional 147 shares during the period. Fisher Asset Management LLC increased its position in Republic Services by 325.7% in the fourth quarter. Fisher Asset Management LLC now owns 79,011 shares of the business services provider valued at $11,018,000 after acquiring an additional 60,449 shares during the period. BTR Capital Management Inc. acquired a new stake in Republic Services during Q4 valued at approximately $209,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Republic Services shares by 7.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 9,601 shares of the business services provider valued at $1,340,000 after buying an additional 655 shares last quarter. 92.80% of the shares are held by hedge funds and other institutional investors.
Republic Services Company Profile
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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