Republic Services, Inc. (NYSE:RSG) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Republic Services, with 12 buy ratings and 10 holds among 22 analysts. The average 12-month price target is $245.26, above the recent $219.05 share price.
• Republic Services exceeded quarterly expectations, reporting $1.85 in EPS versus the $1.81 consensus and $4.43 billion in revenue. The company also raised its quarterly dividend to $0.67 per share, implying a 1.2% yield.
• Insider buying has been notable: Cascade Investment purchased 301,639 shares for approximately $67.2 million, while insiders bought more than $561.7 million worth of stock over the past three months. Institutional investors own 57.73% of the company.

Shares of Republic Services, Inc. (NYSE:RSG - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the twenty-two analysts that are presently covering the firm, MarketBeat.com reports. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $245.2632.

A number of analysts have weighed in on RSG shares. Argus cut Republic Services from a "buy" rating to a "hold" rating in a research report on Monday, May 11th. Morgan Stanley set a $232.00 price target on Republic Services in a research note on Friday, August 7th. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating and set a $249.00 price target on shares of Republic Services in a report on Friday, May 8th. Citigroup lifted their price objective on shares of Republic Services from $247.00 to $259.00 and gave the company a "buy" rating in a research report on Friday, July 10th. Finally, UBS Group upped their price objective on shares of Republic Services from $233.00 to $235.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 11th.

Insider Transactions at Republic Services

In other news, major shareholder Cascade Investment, L.L.C. acquired 301,639 shares of Republic Services stock in a transaction that occurred on Monday, August 24th. The stock was purchased at an average price of $222.91 per share, for a total transaction of $67,238,349.49. Following the completion of the transaction, the insider directly owned 113,105,550 shares in the company, valued at approximately $25,212,358,150.50. This trade represents a 0.27% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have bought 2,571,045 shares of company stock worth $561,731,613 over the last three months. Corporate insiders own 0.12% of the company's stock.

Hedge Funds Weigh In On Republic Services

A number of large investors have recently modified their holdings of RSG. Wealth Watch Advisors INC acquired a new position in Republic Services during the third quarter worth $26,000. Bell Investment Advisors Inc acquired a new stake in Republic Services in the second quarter valued at $25,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Republic Services during the 4th quarter worth $25,000. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Republic Services during the 2nd quarter worth $27,000. Finally, Compass Financial Management LLC acquired a new position in shares of Republic Services during the 2nd quarter worth $27,000. 57.73% of the stock is owned by hedge funds and other institutional investors.

Republic Services Trading Down 1.4%

NYSE RSG opened at $219.05 on Friday. The firm's fifty day moving average is $216.07 and its two-hundred day moving average is $215.15. Republic Services has a one year low of $196.41 and a one year high of $235.18. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a market cap of $67.08 billion, a PE ratio of 31.03, a P/E/G ratio of 3.68 and a beta of 0.40.

Republic Services (NYSE:RSG - Get Free Report) last announced its earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.04. The business had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.36 billion. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The business's quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Analysts expect that Republic Services will post 7.27 earnings per share for the current year.

Republic Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.2%. This is a positive change from Republic Services's previous quarterly dividend of $0.62. The ex-dividend date is Friday, October 2nd. Republic Services's dividend payout ratio (DPR) is presently 37.96%.

Republic Services Company Profile

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic's core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.

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