Republic Services (NYSE:RSG) Coverage Initiated by Analysts at Barclays

Key Points

• Barclays has initiated coverage on Republic Services (NYSE:RSG) with an "equal weight" rating and a price target of $240.00, suggesting a potential upside of 5.84% from its previous close.
• Recent ratings show a consensus of strong support for the stock, with two analysts rating it as a Strong Buy, twelve as Buy, and nine as Hold, averaging a price target of $260.58.
• Republic Services reported their latest earnings, exceeding expectations with an EPS of $1.77, while their revenue reached $4.24 billion, indicating a 4.6% increase compared to the previous year.

Investment analysts at Barclays began coverage on shares of Republic Services (NYSE:RSG - Get Free Report) in a report issued on Friday, Marketbeat Ratings reports. The firm set an "equal weight" rating and a $240.00 price target on the business services provider's stock. Barclays's price target points to a potential upside of 5.77% from the company's current price.

Several other equities analysts also recently issued reports on RSG. Melius began coverage on shares of Republic Services in a report on Monday, June 9th. They set a "hold" rating on the stock. Raymond James Financial upped their price target on shares of Republic Services from $257.00 to $260.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Wall Street Zen cut shares of Republic Services from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. National Bank Financial upgraded shares of Republic Services to a "hold" rating in a report on Monday, May 26th. Finally, BMO Capital Markets lifted their price target on shares of Republic Services from $280.00 to $284.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $260.58.

Republic Services Stock Performance

RSG stock traded up $0.19 during midday trading on Friday, reaching $226.90. 1,968,166 shares of the company's stock traded hands, compared to its average volume of 1,047,020. The firm has a market capitalization of $70.84 billion, a PE ratio of 33.57, a price-to-earnings-growth ratio of 3.54 and a beta of 0.59. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.66 and a current ratio of 0.66. Republic Services has a 52 week low of $197.60 and a 52 week high of $258.75. The company has a 50-day moving average price of $234.54 and a two-hundred day moving average price of $240.64.

Republic Services (NYSE:RSG - Get Free Report) last posted its earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share for the quarter, topping analysts' consensus estimates of $1.76 by $0.01. The firm had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.26 billion. Republic Services had a return on equity of 18.27% and a net margin of 12.97%.The business's revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.61 EPS. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. As a group, equities analysts anticipate that Republic Services will post 6.86 EPS for the current year.

Insider Buying and Selling at Republic Services

In related news, EVP Gregg Brummer sold 7,338 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $233.94, for a total transaction of $1,716,651.72. Following the transaction, the executive vice president owned 4,060 shares in the company, valued at $949,796.40. The trade was a 64.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Cascade Investment, L.L.C. purchased 4,258 shares of the company's stock in a transaction dated Tuesday, August 19th. The stock was bought at an average cost of $234.91 per share, for a total transaction of $1,000,246.78. Following the completion of the transaction, the insider owned 109,816,832 shares in the company, valued at approximately $25,797,072,005.12. This represents a 0.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.11% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Republic Services

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank purchased a new stake in Republic Services during the second quarter valued at about $690,313,000. GAMMA Investing LLC raised its holdings in shares of Republic Services by 39,024.4% in the first quarter. GAMMA Investing LLC now owns 2,226,177 shares of the business services provider's stock valued at $539,091,000 after buying an additional 2,220,487 shares during the last quarter. C WorldWide Group Holding A S bought a new stake in shares of Republic Services in the 1st quarter valued at about $230,013,000. Nuveen LLC bought a new stake in Republic Services during the 1st quarter worth approximately $198,685,000. Finally, M&G PLC grew its stake in shares of Republic Services by 113.0% in the second quarter. M&G PLC now owns 1,164,656 shares of the business services provider's stock valued at $287,670,000 after buying an additional 617,939 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

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.