Republic Services (NYSE:RSG) Price Target Raised to $245.00

Republic Services (NYSE:RSG) had its target price upped by Robert W. Baird from $242.00 to $245.00 in a research report released on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the business services provider’s stock.

A number of other equities research analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Republic Services from $270.00 to $258.00 in a research note on Friday, October 9th. BMO Capital Markets set a $244.00 target price on shares of Republic Services in a research note on Thursday, October 15th. Scotiabank reissued a “sector perform” rating and set a $236.00 price target on shares of Republic Services in a report on Thursday, October 15th. The Goldman Sachs Group dropped their price target on shares of Republic Services from $256.00 to $246.00 and set a “buy” rating on the stock in a research report on Friday, October 2nd. Finally, Morgan Stanley cut their price objective on shares of Republic Services from $232.00 to $219.00 and set an “equal weight” rating for the company in a report on Tuesday, October 13th. Thirteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Republic Services currently has a consensus rating of “Moderate Buy” and an average price target of $243.73.

Republic Services Price Performance

NYSE:RSG opened at $240.21 on Thursday. Republic Services has a one year low of $196.41 and a one year high of $243.22. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a market cap of $73.56 billion, a price-to-earnings ratio of 34.02, a PEG ratio of 3.86 and a beta of 0.39. The firm’s fifty day moving average is $220.57 and its two-hundred day moving average is $214.54.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.04. Republic Services had a return on equity of 18.69% and a net margin of 12.94%. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same period last year, the firm earned $1.77 EPS. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Research analysts expect that Republic Services will post 7.26 EPS for the current year.

Republic Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd were given a dividend of $0.67 per share. This is a positive change from Republic Services’s previous quarterly dividend of $0.6250. The ex-dividend date was Friday, October 2nd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.1%. Republic Services’s payout ratio is 37.96%.

Insider Transactions at Republic Services

In related news, major shareholder Cascade Investment, L.L.C. purchased 324,810 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The stock was bought at an average price of $222.89 per share, with a total value of $72,396,900.90. Following the acquisition, the insider owned 117,058,444 shares in the company, valued at $26,091,156,583.16. The trade was a 0.28% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have acquired 6,254,462 shares of company stock valued at $1,380,321,958. 0.12% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Republic Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bell Investment Advisors Inc purchased a new position in Republic Services in the 2nd quarter valued at about $25,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Republic Services in the 2nd quarter worth about $27,000. Compass Financial Management LLC purchased a new stake in Republic Services during the 2nd quarter worth approximately $27,000. Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of Republic Services by 47.3% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 162 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 52 shares during the last quarter. Finally, SJS Investment Consulting Inc. raised its holdings in shares of Republic Services by 78.5% during the first quarter. SJS Investment Consulting Inc. now owns 232 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 102 shares during the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.

Republic Services Company Profile

Republic Services, Inc is an environmental services company that provides waste collection, recycling and disposal solutions for residential, commercial, industrial and municipal customers. Its services include curbside collection, dumpster and roll-off container services, transfer station operations, landfill management and recycling processing.

The company also provides specialized environmental services, including hazardous waste management, emergency response, remediation and other sustainability-related solutions for businesses and government organizations.