Republic Services, Inc. (NYSE:RSG) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Republic Services, Inc. has received a consensus rating of "Moderate Buy" from analysts, with an average target price at approximately $262.17 per share.
• The company has reported earnings of $1.77 per share for the last quarter, exceeding analysts' expectations, with a revenue of $4.24 billion.
• Republic Services declared a quarterly dividend of $0.625 per share, marking an increase from the previous dividend of $0.58, resulting in an annualized yield of 1.1%.

Shares of Republic Services, Inc. (NYSE:RSG - Get Free Report) have received an average recommendation of "Moderate Buy" from the twenty-two ratings firms that are covering the stock, MarketBeat 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 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $262.1667.

A number of analysts have recently issued reports on the company. Scotiabank lifted their target price on Republic Services from $250.00 to $260.00 and gave the stock a "sector perform" rating in a research report on Friday, July 18th. Wall Street Zen lowered Republic Services from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Raymond James Financial lifted 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. UBS Group set a $260.00 target price on Republic Services and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. lifted their target price on Republic Services from $229.00 to $275.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd.

Insider Transactions at Republic Services

In other news, major shareholder Cascade Investment, L.L.C. purchased 4,258 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The stock was acquired at an average cost of $234.91 per share, for a total transaction of $1,000,246.78. Following the completion of the purchase, the insider owned 109,816,832 shares of the company's stock, valued at approximately $25,797,072,005.12. This trade represents a 0.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gregg Brummer sold 7,338 shares of Republic Services stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $233.94, for a total value of $1,716,651.72. Following the completion of the transaction, the executive vice president owned 4,060 shares of the company's stock, valued at $949,796.40. This trade represents a 64.38% decrease in their ownership of the stock. 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

A number of hedge funds have recently bought and sold shares of RSG. Golden State Wealth Management LLC boosted its stake in Republic Services by 3,533.3% in the first 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. Capital Management Associates Inc acquired a new position in Republic Services in the first quarter valued at approximately $314,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in Republic Services by 0.7% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 563,253 shares of the business services provider's stock valued at $136,397,000 after acquiring an additional 4,110 shares during the period. Sowell Financial Services LLC acquired a new position in Republic Services in the first quarter valued at approximately $260,000. Finally, GAMMA Investing LLC boosted its stake in Republic Services by 61.6% in the first quarter. GAMMA Investing LLC now owns 9,193 shares of the business services provider's stock valued at $2,226,000 after acquiring an additional 3,503 shares during the period. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Trading Up 1.8%

NYSE:RSG opened at $232.52 on Friday. The business's 50-day moving average is $236.19 and its two-hundred day moving average is $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. Republic Services has a 12 month low of $197.60 and a 12 month high of $258.75. The firm has a market capitalization of $72.60 billion, a PE ratio of 34.40, a price-to-earnings-growth ratio of 3.57 and a beta of 0.59.

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

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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