Republic Services (NYSE:RSG) Reaches New 1-Year High After Analyst Upgrade

Key Points

• Republic Services hit a new 52-week high after Robert W. Baird raised its price target to $245 from $242, though it maintained a neutral rating. Analysts overall rate the stock “Moderate Buy,” with an average target of $243.73.
• Recent results exceeded expectations, with quarterly earnings of $1.85 per share and revenue of $4.43 billion, up 4.6% year over year. The company expects fiscal 2026 EPS of $7.23–$7.28.
• Republic Services increased its quarterly dividend to $0.67 per share, equivalent to a $2.68 annualized payout and a 1.1% yield. Insiders purchased more than 6.25 million shares over the past three months, while institutional investors own 57.73% of the stock.

Republic Services, Inc. (NYSE:RSG - Get Free Report)'s stock price reached a new 52-week high during trading on Thursday after Robert W. Baird raised their price target on the stock from $242.00 to $245.00. Robert W. Baird currently has a neutral rating on the stock. Republic Services traded as high as $236.43 and last traded at $237.5940, with a volume of 26,542 shares changing hands. The stock had previously closed at $230.32.

RSG has been the subject of several other reports. BMO Capital Markets set a $244.00 target price on Republic Services in a research note on Thursday, October 15th. Morgan Stanley dropped their price target on shares of Republic Services from $232.00 to $219.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 13th. Raymond James Financial set a $235.00 price target on shares of Republic Services in a report on Friday, October 9th. Wolfe Research assumed coverage on shares of Republic Services in a research note on Tuesday, September 15th. They set a "peer perform" rating on the stock. Finally, UBS Group raised their price objective on shares of Republic Services from $233.00 to $235.00 and gave the stock a "neutral" rating in a report on Tuesday, August 11th. Thirteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $243.73.

Insider Buying and Selling

In other news, major shareholder Cascade Investment, L.L.C. acquired 409,500 shares of the company's stock in a transaction that occurred on Tuesday, September 8th. The shares were acquired at an average price of $221.49 per share, with a total value of $90,700,155.00. Following the acquisition, the insider directly owned 116,166,330 shares in the company, valued at approximately $25,729,680,431.70. The trade was a 0.35% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased 6,254,462 shares of company stock valued at $1,380,321,958 in the last three months. Insiders own 0.12% of the company's stock.

Institutional Investors Weigh In On Republic Services

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in Republic Services during the 2nd quarter valued at about $3,798,092,000. State Street Corp lifted its stake in shares of Republic Services by 1.6% in the 2nd quarter. State Street Corp now owns 9,953,507 shares of the business services provider's stock worth $2,120,893,000 after acquiring an additional 160,051 shares during the period. Bank of America Corp DE bought a new position in shares of Republic Services in the second quarter valued at approximately $682,573,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Republic Services by 68.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,256,190 shares of the business services provider's stock valued at $497,828,000 after acquiring an additional 913,249 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Republic Services by 1.4% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,132,434 shares of the business services provider's stock valued at $454,379,000 after acquiring an additional 28,996 shares during the period. Institutional investors own 57.73% of the company's stock.

Republic Services Stock Up 3.4%

The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.12. The firm has a market cap of $72.95 billion, a price-to-earnings ratio of 33.57, a price-to-earnings-growth ratio of 3.74 and a beta of 0.39. The stock's 50 day moving average is $219.53 and its 200 day moving average is $214.22.

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, beating the consensus estimate of $1.81 by $0.04. Republic Services had a return on equity of 18.69% and a net margin of 12.94%. The business had revenue of $4.43 billion during the quarter, compared to analysts' expectations of $4.36 billion. During the same quarter last year, the business posted $1.77 earnings per share. The company's quarterly revenue was up 4.6% on a year-over-year basis. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Analysts forecast that Republic Services, Inc. will post 7.26 EPS for the current year.

Republic Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd were paid a $0.67 dividend. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $2.68 annualized dividend and a dividend yield of 1.1%. This is an increase from Republic Services's previous quarterly dividend of $0.6250. Republic Services's dividend payout ratio is presently 37.96%.

Republic Services Company Profile

Republic Services, Inc is an environmental services company that provides waste collection, recycling and disposal solutions for residential, commercial, industrial and municipal customers. Its services include curbside collection, dumpster and roll-off container services, transfer station operations, landfill management and recycling processing.

The company also provides specialized environmental services, including hazardous waste management, emergency response, remediation and other sustainability-related solutions for businesses and government organizations.

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