Republic Services (NYSE:RSG) Upgraded to “Outperform” at BMO Capital Markets

BMO Capital Markets upgraded shares of Republic Services (NYSE:RSG) from a market perform rating to an outperform rating in a research report report published on Friday, Marketbeat Ratings reports. They currently have $238.00 price target on the business services provider’s stock, up from their prior price target of $211.00.

Several other equities analysts have also recently issued reports on RSG. Truist Financial boosted their price target on Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Morgan Stanley boosted their target price on Republic Services from $208.00 to $217.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. William Blair initiated coverage on Republic Services in a report on Thursday, October 3rd. They set an “outperform” rating for the company. Scotiabank started coverage on shares of Republic Services in a research note on Friday, October 4th. They issued a “sector perform” rating and a $224.00 price objective on the stock. Finally, Oppenheimer raised their target price on shares of Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $217.88.

Republic Services Stock Up 0.6 %

Shares of NYSE RSG opened at $216.68 on Friday. Republic Services has a 12-month low of $160.41 and a 12-month high of $220.58. The stock has a market cap of $67.85 billion, a P/E ratio of 34.67, a PEG ratio of 3.29 and a beta of 0.71. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07. The business’s fifty day simple moving average is $207.56 and its 200-day simple moving average is $201.08.

Republic Services (NYSE:RSG) last posted its earnings results on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, beating the consensus estimate of $1.61 by $0.20. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The firm had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the prior year, the company posted $1.54 earnings per share. Republic Services’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities analysts predict that Republic Services will post 6.24 EPS for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, January 2nd. Republic Services’s dividend payout ratio (DPR) is presently 37.12%.

Insider Buying and Selling

In other Republic Services news, CFO Brian M. Delghiaccio sold 5,071 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the sale, the chief financial officer now directly owns 6,318 shares of the company’s stock, valued at $1,326,906.36. This trade represents a 44.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.09% of the company’s stock.

Hedge Funds Weigh In On Republic Services

Several institutional investors have recently added to or reduced their stakes in the business. FSA Wealth Management LLC purchased a new stake in shares of Republic Services during the 3rd quarter valued at $25,000. Wolff Wiese Magana LLC grew its stake in Republic Services by 351.6% during the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after buying an additional 109 shares during the period. Webster Bank N. A. acquired a new stake in Republic Services in the 3rd quarter valued at $31,000. Truvestments Capital LLC acquired a new stake in shares of Republic Services in the third quarter valued at about $34,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in Republic Services in the second quarter valued at approximately $36,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

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.