Republic Services' (RSG) Buy (B) Rating Reiterated at Weiss Ratings

Key Points

• Republic Services has had its "buy (b)" rating reiterated by Weiss Ratings, indicating strong analyst confidence in the company's stock performance.
• Recent target price adjustments show a range of opinions among analysts, with Barclays setting a target of $240.00, while BMO Capital Markets increased theirs to $284.00.
• Republic Services reported a profit of $1.77 per share for the last quarter, surpassing analyst expectations and showing a year-over-year revenue increase of 4.6%.

Republic Services (NYSE:RSG - Get Free Report)'s stock had its "buy (b)" rating reiterated by research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

A number of other research firms have also recently weighed in on RSG. Barclays initiated coverage on shares of Republic Services in a research note on Friday, September 19th. They set an "equal weight" rating and a $240.00 target price on the stock. National Bankshares decreased their target price on shares of Republic Services from $270.00 to $241.00 and set a "sector perform" rating on the stock in a research note on Tuesday. BMO Capital Markets lifted their price target on shares of Republic Services from $280.00 to $284.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. UBS Group set a $260.00 price target on shares of Republic Services and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Finally, Citigroup cut their price target on shares of Republic Services from $280.00 to $270.00 and set a "buy" rating on the stock in a report on Wednesday, September 17th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Republic Services currently has an average rating of "Moderate Buy" and a consensus target price of $259.35.

Republic Services Stock Performance

NYSE RSG opened at $225.37 on Wednesday. The firm's fifty day moving average price is $230.49 and its two-hundred day moving average price is $239.98. The stock has a market cap of $70.36 billion, a PE ratio of 33.34, a PEG ratio of 3.47 and a beta of 0.59. Republic Services has a fifty-two week low of $197.60 and a fifty-two week high of $258.75. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.66 and a current ratio of 0.66.

Republic Services (NYSE:RSG - Get Free Report) last posted its earnings results 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 analysts' expectations of $4.26 billion. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The company's revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.61 earnings per share. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. On average, equities analysts expect that Republic Services will post 6.86 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Cascade Investment, L.L.C. purchased 4,258 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were acquired at an average price of $234.91 per share, with a total value of $1,000,246.78. Following the completion of the transaction, the insider owned 109,816,832 shares of the company's stock, valued at $25,797,072,005.12. The trade was a 0.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction, the executive vice president owned 4,060 shares in the company, valued at $949,796.40. This represents a 64.38% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company's stock.

Hedge Funds Weigh In On Republic Services

Institutional investors have recently made changes to their positions in the stock. Golden State Wealth Management LLC raised its holdings in shares of 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 during the period. Cranbrook Wealth Management LLC raised its holdings in shares of 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 during the period. Key Financial Inc raised its holdings in shares of Republic Services by 380.8% in the 1st quarter. Key Financial Inc now owns 125 shares of the business services provider's stock worth $30,000 after acquiring an additional 99 shares during the last quarter. TCTC Holdings LLC raised its holdings in shares of Republic Services by 113.8% in the 1st quarter. TCTC Holdings LLC now owns 124 shares of the business services provider's stock worth $30,000 after acquiring an additional 66 shares during the last quarter. Finally, Elequin Capital LP acquired a new stake in shares of Republic Services in the 1st quarter worth about $30,000. Institutional investors and hedge funds 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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