Republic Services, Inc. (NYSE:RSG)‘s stock had its “hold” rating reissued by investment analysts at Oppenheimer Holdings, Inc. in a report released on Friday.
RSG has been the topic of a number of other research reports. Zacks Investment Research upgraded Republic Services from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research report on Tuesday, October 25th. Stifel Nicolaus increased their target price on Republic Services from $60.00 to $64.00 and gave the company a “buy” rating in a research report on Monday. Goldman Sachs Group, Inc. (The) began coverage on Republic Services in a research report on Tuesday, November 1st. They set a “neutral” rating and a $52.00 target price on the stock. Finally, Deutsche Bank AG lowered Republic Services from a “buy” rating to a “hold” rating and increased their target price for the company from $108.00 to $112.00 in a research report on Saturday, October 22nd. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Republic Services currently has an average rating of “Hold” and an average price target of $60.90.
Shares of Republic Services (NYSE:RSG) traded up 2.51% during mid-day trading on Friday, hitting $60.53. 1,545,773 shares of the stock were exchanged. The stock has a market cap of $20.58 billion, a price-to-earnings ratio of 35.19 and a beta of 0.59. The company has a 50-day moving average price of $57.46 and a 200-day moving average price of $53.62. Republic Services has a 12 month low of $45.31 and a 12 month high of $60.62.
Republic Services (NYSE:RSG) last announced its earnings results on Thursday, February 16th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. Republic Services had a return on equity of 9.62% and a net margin of 6.40%. The firm had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter last year, the firm posted $0.50 EPS. The business’s revenue was up 3.9% on a year-over-year basis. Equities analysts expect that Republic Services will post $2.20 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Monday, April 3rd will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.17%. Republic Services’s dividend payout ratio is currently 74.85%.
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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC purchased a new position in Republic Services during the fourth quarter valued at approximately $120,000. TLP Group LLC purchased a new position in Republic Services during the third quarter valued at approximately $125,000. M&R Capital Management Inc. increased its position in Republic Services by 120.0% in the fourth quarter. M&R Capital Management Inc. now owns 2,200 shares of the company’s stock valued at $125,000 after buying an additional 1,200 shares in the last quarter. Independent Advisor Alliance purchased a new position in Republic Services during the fourth quarter valued at approximately $173,000. Finally, Farmers National Bank purchased a new position in Republic Services during the second quarter valued at approximately $183,000. 62.52% of the stock is owned by hedge funds and other institutional investors.
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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