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

Key Points

• Republic Services, Inc. has received an average rating of "Moderate Buy" from analysts, with eight holding, twelve buying, and two strongly buying recommendations.
• The company reported a quarterly EPS of $1.77, exceeding estimates, with a revenue of $4.24 billion during the last quarter, reflecting a 4.6% year-over-year increase.
• Republic Services announced an increase in its quarterly dividend to $0.625, up from the previous $0.58, representing an annualized rate of $2.50 and a yield of 1.1%.

Republic Services, Inc. (NYSE:RSG - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the twenty-two ratings firms that are currently covering the firm, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $262.1667.

Several equities analysts have recently issued reports on RSG shares. National Bank Financial raised Republic Services to a "hold" rating in a research report on Monday, May 26th. BMO Capital Markets lifted their price target on Republic Services from $280.00 to $284.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Melius started coverage on Republic Services in a research report on Monday, June 9th. They issued a "hold" rating for the company. Melius Research raised Republic Services to a "hold" rating and set a $281.00 price target for the company in a research report on Monday, June 9th. Finally, Raymond James Financial boosted their target price on Republic Services from $257.00 to $260.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd.

Republic Services Price Performance

RSG opened at $232.52 on Friday. The stock has a 50-day moving average price of $236.19 and a 200-day moving average price of $240.94. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a market cap of $72.60 billion, a PE ratio of 34.40, a P/E/G ratio of 3.57 and a beta of 0.59. Republic Services has a 1 year low of $197.60 and a 1 year high of $258.75.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.01. The firm had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.26 billion. Republic Services had a return on equity of 18.27% and a net margin of 12.97%.Republic Services's quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.61 EPS. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. Sell-side analysts predict that Republic Services will post 6.86 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 Wednesday, October 15th. Shareholders of record on Thursday, October 2nd will be given a $0.625 dividend. This is a positive change from Republic Services's previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $2.50 dividend on an annualized basis and a yield of 1.1%. Republic Services's payout ratio is presently 34.32%.

Insider Activity

In other Republic Services news, major shareholder Cascade Investment, L.L.C. purchased 4,258 shares of Republic Services stock in a transaction dated Tuesday, August 19th. The stock was purchased at an average price of $234.91 per share, with a total value of $1,000,246.78. Following the transaction, the insider directly owned 109,816,832 shares of the company's stock, valued at $25,797,072,005.12. This trade represents a 0.00% 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. Also, EVP Gregg Brummer sold 7,338 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $233.94, for a total transaction of $1,716,651.72. Following the sale, the executive vice president directly owned 4,060 shares of the company's stock, valued at $949,796.40. The trade was a 64.38% decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Republic Services

Several hedge funds and other institutional investors have recently made changes to their positions in RSG. Golden State Wealth Management LLC grew its stake in shares of Republic Services by 3,533.3% during the 1st quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider's stock valued at $26,000 after acquiring an additional 106 shares during the period. Cranbrook Wealth Management LLC grew its stake in shares of Republic Services by 1,222.2% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 119 shares of the business services provider's stock valued at $29,000 after acquiring an additional 110 shares during the period. NewSquare Capital LLC grew its stake in shares of Republic Services by 68.5% during the 2nd quarter. NewSquare Capital LLC now owns 123 shares of the business services provider's stock valued at $30,000 after acquiring an additional 50 shares during the period. TCTC Holdings LLC grew its stake in shares of Republic Services by 113.8% during the 1st quarter. TCTC Holdings LLC now owns 124 shares of the business services provider's stock valued at $30,000 after acquiring an additional 66 shares during the period. Finally, Key Financial Inc grew its stake in shares of Republic Services by 380.8% during the 1st quarter. Key Financial Inc now owns 125 shares of the business services provider's stock valued at $30,000 after acquiring an additional 99 shares during the period. Hedge funds and other institutional investors own 57.73% of the company's stock.

Republic Services Company Profile

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.

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