Republic Services Inc. (NYSE:RSG) has earned a consensus rating of “Buy” from the twelve brokerages that are covering the firm. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $51.90.
A number of research firms have commented on RSG. Zacks Investment Research upgraded shares of Republic Services from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a research note on Wednesday. Macquarie began coverage on shares of Republic Services in a report on Thursday, August 25th. They set a “neutral” rating and a $53.00 target price on the stock. Barclays PLC increased their target price on shares of Republic Services from $52.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, August 9th. Finally, Imperial Capital increased their target price on shares of Republic Services from $52.00 to $58.00 and gave the stock an “outperform” rating in a report on Tuesday, August 2nd.
Shares of Republic Services (NYSE:RSG) opened at 50.45 on Tuesday. Republic Services has a 12-month low of $41.64 and a 12-month high of $52.92. The stock has a market cap of $17.30 billion, a P/E ratio of 24.24 and a beta of 0.59. The company’s 50-day moving average is $50.75 and its 200-day moving average is $49.48.
Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.55 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.55. Republic Services had a net margin of 7.85% and a return on equity of 9.21%. The firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.38 billion. During the same period in the prior year, the firm posted $0.54 EPS. The firm’s revenue was up 1.7% compared to the same quarter last year. On average, analysts expect that Republic Services will post $2.16 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Monday, October 3rd will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend is Thursday, September 29th. This is a boost from Republic Services’s previous quarterly dividend of $0.30. Republic Services’s dividend payout ratio (DPR) is 61.84%.
In related news, CAO Brian A. Goebel sold 1,695 shares of the stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $52.10, for a total value of $88,309.50. Following the completion of the transaction, the chief accounting officer now owns 6,391 shares in the company, valued at approximately $332,971.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.50% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in RSG. PineBridge Investments L.P. raised its position in shares of Republic Services by 526.7% in the second quarter. PineBridge Investments L.P. now owns 2,933 shares of the company’s stock worth $150,000 after buying an additional 2,465 shares in the last quarter. Mizuho Asset Management Co. Ltd. raised its position in shares of Republic Services by 73.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,005 shares of the company’s stock worth $154,000 after buying an additional 1,270 shares in the last quarter. Farmers National Bank bought a new position in shares of Republic Services during the second quarter worth about $183,000. Private Bank & Trust Co. bought a new position in shares of Republic Services during the second quarter worth about $213,000. Finally, IFP Advisors Inc raised its position in shares of Republic Services by 45.0% in the first quarter. IFP Advisors Inc now owns 4,198 shares of the company’s stock worth $200,000 after buying an additional 1,303 shares in the last quarter. Hedge funds and other 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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