Republic Services, Inc. (NYSE:RSG - Get Free Report)'s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $255.99 and last traded at $255.89, with a volume of 27733 shares. The stock had previously closed at $254.44.
Analysts Set New Price Targets
RSG has been the topic of several analyst reports. Raymond James restated an "outperform" rating on shares of Republic Services in a report on Wednesday, April 16th. Citigroup increased their price target on Republic Services from $265.00 to $278.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. CIBC upgraded Republic Services from a "neutral" rating to a "sector outperform" rating and set a $264.00 price objective for the company in a report on Tuesday, March 4th. Morgan Stanley raised their target price on Republic Services from $230.00 to $245.00 and gave the stock an "equal weight" rating in a report on Friday, April 25th. Finally, Seaport Res Ptn raised Republic Services to a "strong-buy" rating in a research note on Tuesday, May 6th. Eight analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Republic Services has a consensus rating of "Moderate Buy" and a consensus target price of $250.44.
View Our Latest Stock Report on Republic Services
Republic Services Stock Down 0.5%
The firm has a market capitalization of $80.22 billion, a P/E ratio of 39.55, a PEG ratio of 3.64 and a beta of 0.66. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58. The firm's 50-day moving average is $245.28 and its 200 day moving average is $227.82.
Republic Services (NYSE:RSG - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.58 EPS for the quarter, beating analysts' consensus estimates of $1.53 by $0.05. The company had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The company's quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.45 earnings per share. As a group, equities research analysts predict that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.
Republic Services Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Wednesday, July 2nd. Republic Services's dividend payout ratio (DPR) is currently 34.99%.
Institutional Trading of Republic Services
A number of institutional investors have recently made changes to their positions in RSG. Golden State Wealth Management LLC lifted its position in 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 worth $26,000 after buying an additional 106 shares in the last quarter. TCTC Holdings LLC raised 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 worth $30,000 after acquiring an additional 66 shares in the last quarter. Key Financial Inc grew its stake in Republic Services by 380.8% in 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. Elequin Capital LP acquired a new position in shares of Republic Services during the 1st quarter worth approximately $30,000. Finally, Arcadia Investment Management Corp MI boosted its holdings in shares of Republic Services by 200.0% in the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider's stock valued at $27,000 after buying an additional 88 shares during the last quarter. Institutional investors own 57.73% of the company's stock.
About Republic Services
(
Get Free Report)
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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