Services of the Republic (NYSE: RSG – Get a rating) was updated by stock analysts to StockNews.com from a “buy” rating to a “strong buy” rating in a research report released Sunday to clients and investors.
A number of other brokerages have also recently released reports on RSG. Morgan Stanley raised its price target on Republic Services from $157.00 to $162.00 and gave the company an “overweight” rating in a Tuesday, September 27 research note. Oppenheimer lowered his price target on Republic Services shares to $152.00 in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft raised its price target on Republic Services shares from $147.00 to $158.00 in a Tuesday, August 9 research note. Two equity research analysts gave the stock a hold rating, five gave the company a buy rating and one gave the company a strong buy rating. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $148.83.
Performance of Republic Services shares
Shares of Actions of the services of the Republic opened at $133.54 on Friday. The company has a fifty-day simple moving average of $140.97 and a two-hundred-day simple moving average of $135.28. The company has a market capitalization of $42.19 billion, a P/E ratio of 30.63, a P/E/G ratio of 2.48 and a beta of 0.70. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt ratio of 1.26. Republic Services has a 12 month minimum of $113.57 and a 12 month maximum of $149.17.
Services of the Republic (NYSE: RSG – Get a rating) last released its quarterly earnings data 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. 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 analyst estimates of $3.30 billion. In the same quarter a year earlier, the company posted earnings per share of $1.09. Republic Services quarterly revenue increased 21.4% year over year. On average, stock analysts expect Republic Services to post earnings per share of 4.77 for the current fiscal year.
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 shares were 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 owns 59,619 shares of the company, valued at approximately $8,495,111.31. The transaction was disclosed in a legal filing with the SEC, available at the SEC website. 0.06% of the shares are held by insiders.
Institutional entries and exits
Institutional investors and hedge funds have recently been buying and selling shares of the company. Park Avenue Securities LLC increased its holdings of Republic Services stock 9.8% in the first quarter. Park Avenue Securities LLC now owns 5,756 shares of the business services provider worth $763,000 after purchasing an additional 512 shares in the last quarter. Daiwa Securities Group Inc. increased its position in Republic Services shares by 8.0% during the first quarter. Daiwa Securities Group Inc. now owns 13,890 shares of the business services provider valued at $1,840,000 after acquiring an additional 1,029 shares during the period. Advisor Partners LLC increased its stake in Republic Services shares by 8.3% in the 1st quarter. Advisor Partners LLC now owns 12,369 shares of the business services provider worth $1,639,000 after buying 943 additional shares in the last quarter. MetLife Investment Management LLC increased its stake in Republic Services by 22.9% in Q1. MetLife Investment Management LLC now owns 56,849 shares of the business services provider worth $7,532,000 after purchasing an additional 10,611 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Republic Services during the second quarter at a value of $3,009,000. 58.01% of the shares are held by hedge funds and other institutional investors.
About Republic Services
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.
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 Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five actions that top analysts are quietly whispering to their clients to buy now before the market spreads…and that Republic Services didn’t make the list.
While Republic Services currently has a “moderate buy” rating among analysts, top-rated analysts believe these five stocks are better buys.