Republic Services (NYSE:RSG) Now Covered by Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft assumed coverage on shares of Republic Services (NYSE:RSG - Free Report) in a research note released on Thursday, MarketBeat.com reports. The brokerage issued a hold rating and a $203.00 price objective on the business services provider's stock.

Several other analysts have also recently weighed in on RSG. Jefferies Financial Group increased their price objective on Republic Services from $213.00 to $225.00 and gave the company a buy rating in a report on Monday, March 18th. Wells Fargo & Company lifted their price objective on shares of Republic Services from $180.00 to $188.00 and gave the stock an overweight rating in a research report on Tuesday, February 6th. UBS Group increased their price target on Republic Services from $195.00 to $200.00 and gave the stock a neutral rating in a research note on Wednesday, May 1st. The Goldman Sachs Group lifted their price objective on shares of Republic Services from $209.00 to $230.00 and gave the company a buy rating in a research note on Tuesday, April 16th. Finally, Truist Financial raised their price objective on shares of Republic Services from $175.00 to $192.00 and gave the company a hold rating in a research report on Wednesday, February 28th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $201.14.

Republic Services Stock Performance

Shares of Republic Services stock traded down $0.44 during trading on Thursday, reaching $186.33. The company's stock had a trading volume of 599,432 shares, compared to its average volume of 1,203,526. Republic Services has a 52 week low of $140.07 and a 52 week high of $196.76. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.05. The business's 50-day moving average price is $188.80 and its 200-day moving average price is $175.83. The firm has a market cap of $58.68 billion, a PE ratio of 32.69, a P/E/G ratio of 3.01 and a beta of 0.67.

Republic Services (NYSE:RSG - Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The business services provider reported $1.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.35 by $0.10. The company had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.89 billion. Republic Services had a net margin of 11.81% and a return on equity of 17.56%. The firm's quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.24 earnings per share. Equities analysts forecast that Republic Services will post 6.05 earnings per share for the current year.

Republic Services Announces Dividend

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 paid a $0.535 dividend. The ex-dividend date is Tuesday, July 2nd. This represents a $2.14 dividend on an annualized basis and a yield of 1.15%. Republic Services's dividend payout ratio is currently 37.54%.

Insiders Place Their Bets

In related news, CEO Ark Jon Vander sold 5,446 shares of Republic Services stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $184.10, for a total transaction of $1,002,608.60. Following the transaction, the chief executive officer now directly owns 85,113 shares of the company's stock, valued at $15,669,303.30. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CMO Amanda Hodges sold 6,500 shares of the firm's stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $186.02, for a total value of $1,209,130.00. Following the completion of the transaction, the chief marketing officer now directly owns 6,831 shares in the company, valued at $1,270,702.62. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ark Jon Vander sold 5,446 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 85,113 shares in the company, valued at approximately $15,669,303.30. The disclosure for this sale can be found here. Company insiders own 0.09% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in Republic Services by 0.6% during the first quarter. Vanguard Group Inc. now owns 18,254,878 shares of the business services provider's stock valued at $3,494,714,000 after buying an additional 101,518 shares during the period. Capital World Investors boosted its position in Republic Services by 20.5% during the first quarter. Capital World Investors now owns 7,909,008 shares of the business services provider's stock worth $1,514,100,000 after purchasing an additional 1,346,588 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Republic Services by 0.7% in the third quarter. JPMorgan Chase & Co. now owns 6,658,978 shares of the business services provider's stock valued at $948,971,000 after purchasing an additional 44,512 shares during the period. Morgan Stanley raised its stake in shares of Republic Services by 4.1% during the 3rd quarter. Morgan Stanley now owns 5,054,359 shares of the business services provider's stock worth $720,297,000 after buying an additional 197,654 shares during the period. Finally, Nordea Investment Management AB lifted its stake in Republic Services by 2.9% in the 3rd quarter. Nordea Investment Management AB now owns 3,790,052 shares of the business services provider's stock valued at $547,473,000 after buying an additional 107,499 shares in the last quarter. 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.