Republic Services’ (RSG) Buy Rating Reiterated at Truist Financial

Truist Financial restated their buy rating on shares of Republic Services (NYSE:RSG) in a report released on Friday,Benzinga reports. They currently have a $250.00 price target on the business services provider’s stock, up from their prior price target of $244.00.

A number of other equities research analysts have also issued reports on the company. Morgan Stanley upped their price target on Republic Services from $220.00 to $230.00 and gave the company an “equal weight” rating in a research report on Friday. Jefferies Financial Group upped their price target on Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Royal Bank of Canada upgraded Republic Services from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $219.00 to $237.00 in a research report on Monday, January 6th. William Blair restated an “outperform” rating on shares of Republic Services in a research report on Friday. Finally, Oppenheimer upped their price target on Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $225.38.

Republic Services Price Performance

NYSE:RSG opened at $230.98 on Friday. Republic Services has a 12 month low of $177.03 and a 12 month high of $232.52. The stock has a 50 day moving average of $210.94 and a two-hundred day moving average of $207.43. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07. The firm has a market cap of $72.33 billion, a P/E ratio of 36.96, a price-to-earnings-growth ratio of 3.24 and a beta of 0.74.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, topping the consensus estimate of $1.37 by $0.21. The company had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.08 billion. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. During the same period in the previous year, the business earned $1.41 EPS. On average, analysts expect that Republic Services will post 6.25 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Wednesday, April 2nd. Republic Services’s dividend payout ratio (DPR) is 37.12%.

Insiders Place Their Bets

In other news, Director Katharine Weymouth sold 1,859 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $215.27, for a total transaction of $400,186.93. Following the sale, the director now owns 879 shares of the company’s stock, valued at approximately $189,222.33. This represents a 67.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total value of $1,065,011.42. Following the sale, the chief financial officer now directly owns 6,318 shares in the company, valued at $1,326,906.36. This represents a 44.53 % decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.

Institutional Trading of Republic Services

Large investors have recently modified their holdings of the stock. FSA Wealth Management LLC purchased a new stake in shares of Republic Services during the third quarter worth $25,000. Arcadia Investment Management Corp MI increased its position in shares of Republic Services by 200.0% during the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock worth $27,000 after acquiring an additional 88 shares during the period. Wolff Wiese Magana LLC increased its position in shares of Republic Services by 351.6% during the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after acquiring an additional 109 shares during the period. R Squared Ltd acquired a new stake in Republic Services in the fourth quarter valued at $32,000. Finally, Truvestments Capital LLC acquired a new stake in Republic Services in the third quarter valued at $34,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Company Profile

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.