Republic Services (NYSE:RSG) Reaches New 1-Year High at $194.10

Republic Services, Inc. (NYSE:RSG - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $194.10 and last traded at $194.10, with a volume of 168313 shares trading hands. The stock had previously closed at $193.41.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on RSG shares. Scotiabank began coverage on shares of Republic Services in a research report on Monday, April 8th. They issued a "sector perform" rating and a $211.00 price objective on the stock. Jefferies Financial Group raised their price objective on shares of Republic Services from $213.00 to $225.00 and gave the company a "buy" rating in a research report on Monday, March 18th. Truist Financial boosted their target price on Republic Services from $175.00 to $192.00 and gave the stock a "hold" rating in a research report on Wednesday, February 28th. Wells Fargo & Company lifted their price target on Republic Services from $180.00 to $188.00 and gave the company an "overweight" rating in a research note on Tuesday, February 6th. Finally, The Goldman Sachs Group increased their price objective on Republic Services from $209.00 to $230.00 and gave the stock a "buy" rating in a research report on Tuesday, April 16th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Republic Services currently has an average rating of "Moderate Buy" and a consensus target price of $199.77.

Republic Services Trading Down 0.9 %

The company has a debt-to-equity ratio of 1.13, a current ratio of 0.56 and a quick ratio of 0.56. The business has a 50-day moving average price of $187.85 and a two-hundred day moving average price of $171.47. The firm has a market cap of $60.38 billion, a PE ratio of 35.05, a PEG ratio of 3.36 and a beta of 0.68.

Republic Services (NYSE:RSG - Get Free Report) last announced its earnings results on Tuesday, April 30th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.35 by $0.10. The company had revenue of $3.86 billion during the quarter, compared to analysts' expectations of $3.89 billion. Republic Services had a net margin of 11.57% and a return on equity of 17.32%. The firm's quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.24 earnings per share. Analysts forecast that Republic Services, Inc. will post 6.01 EPS for the current year.

Republic Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be issued a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Tuesday, July 2nd. Republic Services's dividend payout ratio (DPR) is presently 39.12%.

Insiders Place Their Bets

In related news, CEO Ark Jon Vander sold 5,446 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $184.10, for a total transaction of $1,002,608.60. Following the sale, the chief executive officer now owns 85,113 shares of the company's stock, valued at $15,669,303.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Republic Services

Several institutional investors and hedge funds have recently modified their holdings of RSG. Norden Group LLC raised its holdings in Republic Services by 13.3% in the 1st quarter. Norden Group LLC now owns 3,829 shares of the business services provider's stock valued at $733,000 after acquiring an additional 449 shares during the last quarter. HB Wealth Management LLC grew its position in shares of Republic Services by 1.4% in the first quarter. HB Wealth Management LLC now owns 12,728 shares of the business services provider's stock valued at $2,437,000 after purchasing an additional 178 shares during the period. SpiderRock Advisors LLC acquired a new position in Republic Services in the first quarter valued at $2,268,000. Delta Financial Group Inc. acquired a new stake in Republic Services in the 1st quarter worth about $202,000. Finally, Caprock Group LLC grew its holdings in Republic Services by 16.0% in the 1st quarter. Caprock Group LLC now owns 1,455 shares of the business services provider's stock valued at $279,000 after buying an additional 201 shares during the period. Hedge funds and other institutional investors own 57.73% of the company's stock.

About Republic Services

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.