Republic Services (NYSE:RSG) Share Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Republic Services shares crossed above their 200-day moving average, reaching $218.45 and last trading near $216.14, compared with the $213.75 average.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $245.50; Citigroup raised its target to $259, while UBS kept a neutral rating.
• The company exceeded quarterly earnings and revenue estimates, while increasing its quarterly dividend to $0.67 per share, or $2.68 annually, for a 1.2% yield.

Republic Services, Inc. (NYSE:RSG - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $213.75 and traded as high as $218.45. Republic Services shares last traded at $216.1370, with a volume of 1,284,704 shares changing hands.

Analysts Set New Price Targets

Several research analysts recently commented on RSG shares. Morgan Stanley set a $232.00 price target on Republic Services in a research note on Friday, August 7th. UBS Group lifted their price objective on Republic Services from $233.00 to $235.00 and gave the stock a "neutral" rating in a report on Tuesday, August 11th. Citigroup upped their target price on Republic Services from $247.00 to $259.00 and gave the company a "buy" rating in a research report on Friday, July 10th. Wolfe Research began coverage on Republic Services in a research note on Tuesday, September 15th. They set a "peer perform" rating for the company. Finally, Weiss Ratings upgraded shares of Republic Services from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, August 21st. Twelve investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $245.50.

Republic Services Trading Up 0.7%

The company has a market cap of $66.18 billion, a P/E ratio of 30.61, a P/E/G ratio of 3.56 and a beta of 0.39. The business has a fifty day simple moving average of $216.78 and a 200 day simple moving average of $213.75. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.64 and a current ratio of 0.64.

Republic Services (NYSE:RSG - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $4.36 billion. During the same period in the previous year, the business earned $1.77 EPS. The business'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 anticipate that Republic Services, Inc. will post 7.27 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be issued 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 $0.6250. The ex-dividend date of this dividend is Friday, October 2nd. Republic Services's dividend payout ratio is currently 37.96%.

Insider Activity at Republic Services

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

Hedge Funds Weigh In On Republic Services

A number of large investors have recently bought and sold shares of RSG. Korea Investment CORP acquired a new position in shares of Republic Services during the 2nd quarter valued at $20,602,000. Equitable Holdings Inc. acquired a new stake in shares of Republic Services in the second quarter valued at $1,381,000. Bridgewater Advisors Inc. bought a new position in Republic Services during the second quarter valued at about $535,000. Public Employees Retirement System of Ohio bought a new position in Republic Services during the second quarter valued at about $16,335,000. Finally, Rakuten Investment Management Inc. acquired a new position in Republic Services during the second quarter worth about $7,032,000. Institutional investors own 57.73% of the company's stock.

Republic Services Company Profile

Republic Services, Inc NYSE: RSG is an environmental services company that provides non-hazardous solid waste collection, transfer, disposal and recycling services. Its customers include households, businesses, industrial facilities and municipalities.

The company's operations include residential and commercial waste collection, roll-off and temporary container services, landfill management, transfer stations, recycling processing and related environmental solutions. Republic also provides services involving hazardous waste, organics, energy recovery and other specialized waste streams through selected operations.

Republic Services serves communities and customers across the United States, with operations spanning a broad network of collection, transfer, recycling and disposal facilities.

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