Republic Services Inc. (NYSE:RSG) has been assigned a consensus recommendation of “Hold” from the twelve brokerages that are currently covering the company. Seven investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $51.33.
A number of research firms have recently weighed in on RSG. Zacks Investment Research downgraded shares of Republic Services from a “buy” rating to a “hold” rating in a research note on Tuesday, September 20th. Macquarie began coverage on shares of Republic Services in a research note on Thursday, August 25th. They issued a “neutral” rating and a $53.00 price target on the stock. Barclays PLC raised their price target on shares of Republic Services from $52.00 to $56.00 and gave the company an “overweight” rating in a research note on Tuesday, August 9th. Finally, Imperial Capital raised their price objective on shares of Republic Services from $52.00 to $58.00 and gave the company an “outperform” rating in a report on Tuesday, August 2nd.
Shares of Republic Services (NYSE:RSG) traded up 0.18% on Tuesday, reaching $50.87. 521,654 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $50.84 and its 200-day moving average price is $49.42. The stock has a market cap of $17.44 billion, a P/E ratio of 24.44 and a beta of 0.59. Republic Services has a 52-week low of $40.05 and a 52-week high of $52.92.
Republic Services (NYSE:RSG) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.55 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.55. Republic Services had a net margin of 7.85% and a return on equity of 9.21%. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.38 billion. During the same period last year, the company posted $0.54 EPS. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. Equities analysts forecast that Republic Services will post $2.16 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Monday, October 3rd will be issued a dividend of $0.32 per share. This is a positive change from Republic Services’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $1.28 annualized dividend and a yield of 2.52%. Republic Services’s dividend payout ratio (DPR) is presently 57.97%.
In other news, CAO Brian A. Goebel sold 3,780 shares of Republic Services stock in a transaction on Thursday, June 30th. The shares were sold at an average price of $50.83, for a total value of $192,137.40. Following the completion of the sale, the chief accounting officer now owns 7,671 shares in the company, valued at approximately $389,916.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Brian A. Goebel sold 1,695 shares of Republic Services stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $52.10, for a total transaction of $88,309.50. Following the completion of the sale, the chief accounting officer now owns 6,391 shares of the company’s stock, valued at approximately $332,971.10. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. PineBridge Investments L.P. raised its stake in Republic Services by 526.7% in the second quarter. PineBridge Investments L.P. now owns 2,933 shares of the company’s stock valued at $150,000 after buying an additional 2,465 shares in the last quarter. Mizuho Asset Management Co. Ltd. raised its stake in Republic Services by 73.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,005 shares of the company’s stock valued at $154,000 after buying an additional 1,270 shares in the last quarter. Farmers National Bank bought a new stake in Republic Services during the second quarter valued at $183,000. Private Bank & Trust Co. bought a new stake in Republic Services during the second quarter valued at $213,000. Finally, IFP Advisors Inc raised its stake in Republic Services by 45.0% in the first quarter. IFP Advisors Inc now owns 4,198 shares of the company’s stock valued at $200,000 after buying an additional 1,303 shares in the last quarter. Institutional investors own 61.01% of the company’s stock.
Republic Services Company Profile
Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services in the United States. The Company operates through three segments: East, Central and West. The Company operates in over 40 states and Puerto Rico through approximately 340 collection operations, over 200 transfer stations, over 190 active landfills, approximately 70 recycling centers, approximately 10 treatment, recovery and disposal facilities, and over 10 salt water disposal wells.
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