Republic Services (NYSE:RSG) Upgraded to “Strong-Buy” on StockNews.com

Republic Services (NYSE: RSG – Get a rating) was updated by stock researchers from StockNews.com from a “buy” rating to a “strong buy” rating in a research report released on Friday.

A number of other stock analysts have also recently published reports on RSG. Deutsche Bank Aktiengesellschaft raised its price target on Republic Services from $147.00 to $158.00 in a Tuesday, August 9 report. Morgan Stanley raised its price target on Republic Services from $157.00 to $162.00 and gave the stock an “overweight” rating in a Tuesday, September 27 research report. Finally, Oppenheimer raised its price target on Republic Services from $139.00 to $154.00 and gave the stock an “outperform” rating in a Monday, August 8 research report. Two analysts gave the stock a hold rating, five gave the stock a buy rating and one gave the stock a strong buy rating. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $149.17.

Republic services down 3.1%

RSG stock traded at $4.18 during Friday’s session, hitting $129.23. The company had a trading volume of 1,482,289 shares, compared to an average volume of 1,241,258. The stock has a market capitalization of $40.83 billion, a PE ratio of 29.64, a PEG ratio of 2.61 and a beta of 0.70. Republic Services has a one-year low of $113.57 and a one-year high of $149.17. The company has a 50-day moving average of $143.05 and a 200-day moving average of $135.33. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt ratio of 1.26.

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

Insider Activity at Republic Services

In related news, CEO Ark Jon Vander sold 14,100 shares in a trade on 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, available at this link. 0.06% of the shares are currently held by insiders.

Institutional investors weigh in on Republic Services

Several large investors have recently changed their positions in the company. Mackenzie Financial Corp increased its position in Republic Services shares by 70.4% during the third quarter. Mackenzie Financial Corp now owns 368,637 shares of the business services provider valued at $50,149,000 after buying an additional 152,296 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its position in Republic Services shares by 94.3% during the third quarter. Massmutual Trust Co. FSB ADV now owns 206 shares of the business services provider valued at $28,000 after buying an additional 100 shares in the last quarter. Exchange Traded Concepts LLC increased its position in Republic Services shares by 48,259.5% during the third quarter. Exchange Traded Concepts LLC now owns 20,311 shares of the business services provider valued at $2,763,000 after buying an additional 20,269 shares in the last quarter. Everence Capital Management Inc. increased its position in Republic Services shares by 23.2% during the third quarter. Everence Capital Management Inc. now owns 14,110 shares of the business services provider valued at $1,920,000 after buying an additional 2,660 shares in the last quarter. Finally, Moody’s National Bank Trust Division increased its position in Republic Services shares by 6.7% during the third quarter. Moody’s National Bank Trust Division now owns 2,143 shares of the business services provider valued at $292,000 after buying an additional 135 shares in the last quarter. 58.01% of the shares are held by hedge funds and other institutional investors.

Republic Services Company Profile

(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.

See also

Analyst Recommendations for Republic Services (NYSE: RSG)

This instant news 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