Republic Services, Inc. (NYSE:RSG) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Republic Services, Inc. has received a consensus recommendation of "Moderate Buy" from 24 brokerages, with 13 analysts suggesting a buy and two indicating a strong buy, while the average 1-year price target is approximately $260.58.
• The company recently declared an increased quarterly dividend of $0.625 per share, up from $0.58, amounting to an annual yield of 1.1%.
• Republic Services reported earnings per share of $1.77 for its last quarter, exceeding analysts' expectations, and has set its FY 2025 earnings guidance between 6.820-6.900 EPS.

Shares of Republic Services, Inc. (NYSE:RSG - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the twenty-four research firms that are currently covering the firm, Marketbeat.com reports. Nine analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $260.5789.

A number of analysts have recently weighed in on RSG shares. Citigroup cut their price objective on shares of Republic Services from $280.00 to $270.00 and set a "buy" rating on the stock in a research note on Wednesday, September 17th. Raymond James Financial set a $260.00 price target on shares of Republic Services and gave the company an "outperform" rating in a research report on Monday. Scotiabank raised their price target on shares of Republic Services from $250.00 to $260.00 and gave the company a "sector perform" rating in a research report on Friday, July 18th. Barclays assumed coverage on shares of Republic Services in a research report on Friday, September 19th. They set an "equal weight" rating and a $240.00 price target on the stock. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Republic Services in a research report on Saturday, September 27th.

Republic Services Stock Down 0.5%

NYSE:RSG opened at $223.03 on Tuesday. The firm has a market capitalization of $69.63 billion, a P/E ratio of 32.99, a PEG ratio of 3.50 and a beta of 0.59. Republic Services has a 1-year low of $197.60 and a 1-year high of $258.75. The company's fifty day moving average price is $231.08 and its 200-day moving average price is $240.21. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.66 and a quick ratio of 0.66.

Republic Services (NYSE:RSG - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The business services provider reported $1.77 earnings per share for the quarter, topping analysts' consensus estimates of $1.76 by $0.01. The firm had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.26 billion. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The business's quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.61 earnings per share. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. As a group, equities research analysts anticipate that Republic Services will post 6.86 EPS for the current year.

Republic Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd will be given a dividend of $0.625 per share. This is a boost from Republic Services's previous quarterly dividend of $0.58. This represents a $2.50 annualized dividend and a yield of 1.1%. The ex-dividend date is Thursday, October 2nd. Republic Services's dividend payout ratio (DPR) is 36.98%.

Insider Buying and Selling at Republic Services

In other news, major shareholder Cascade Investment, L.L.C. purchased 4,258 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The shares were bought at an average price of $234.91 per share, for a total transaction of $1,000,246.78. Following the completion of the transaction, the insider owned 109,816,832 shares in the company, valued at $25,797,072,005.12. This represents a 0.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Gregg Brummer sold 7,338 shares of the firm's stock in a transaction on 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 owned 4,060 shares in the company, valued at approximately $949,796.40. This represents a 64.38% decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Republic Services

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RSG. Golden State Wealth Management LLC lifted its holdings in Republic Services by 3,533.3% during the first quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider's stock valued at $26,000 after purchasing an additional 106 shares in the last quarter. Cranbrook Wealth Management LLC lifted its holdings in Republic Services by 1,222.2% during the second quarter. Cranbrook Wealth Management LLC now owns 119 shares of the business services provider's stock valued at $29,000 after purchasing an additional 110 shares in the last quarter. Key Financial Inc lifted its holdings in Republic Services by 380.8% during the first quarter. Key Financial Inc now owns 125 shares of the business services provider's stock valued at $30,000 after purchasing an additional 99 shares in the last quarter. TCTC Holdings LLC lifted its holdings in Republic Services by 113.8% during the first quarter. TCTC Holdings LLC now owns 124 shares of the business services provider's stock valued at $30,000 after purchasing an additional 66 shares in the last quarter. Finally, Elequin Capital LP purchased a new position in Republic Services during the first quarter valued at $30,000. 57.73% of the stock is owned by hedge funds and other institutional investors.

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.

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