Republic Services, Inc. (RSG) Receives Consensus Rating of “Hold” from Brokerages
Republic Services, Inc. (NYSE:RSG) has been assigned a consensus rating of “Hold” from the twelve ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $73.50.
Several equities research analysts recently issued reports on RSG shares. BidaskClub downgraded Republic Services from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Barclays PLC reissued a “neutral” rating on shares of Republic Services in a research note on Friday, July 28th. Zacks Investment Research raised Republic Services from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research note on Friday, July 14th. BMO Capital Markets increased their price objective on Republic Services from $71.00 to $72.00 and gave the stock an “outperform” rating in a research note on Friday, July 28th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $73.00 price objective on shares of Republic Services in a research note on Wednesday, July 19th.
In other Republic Services news, EVP Jeffrey A. Hughes sold 6,329 shares of the company’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $66.50, for a total value of $420,878.50. Following the transaction, the executive vice president now directly owns 428 shares of the company’s stock, valued at approximately $28,462. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Catharine D. Ellingsen sold 14,250 shares of the company’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $66.02, for a total value of $940,785.00. Following the completion of the transaction, the executive vice president now directly owns 8,007 shares in the company, valued at $528,622.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,187 shares of company stock worth $2,854,922. Insiders own 0.40% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. Intl Fcstone Inc. increased its position in Republic Services by 89.1% in the 2nd quarter. Intl Fcstone Inc. now owns 23,131 shares of the business services provider’s stock worth $1,474,000 after purchasing an additional 10,900 shares during the last quarter. Cetera Investment Advisers acquired a new position in Republic Services in the 2nd quarter worth about $211,000. Advisory Services Network LLC increased its position in Republic Services by 6.3% in the 2nd quarter. Advisory Services Network LLC now owns 3,782 shares of the business services provider’s stock worth $241,000 after purchasing an additional 223 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Republic Services in the 2nd quarter worth about $702,000. Finally, Tandem Investment Advisors Inc. increased its position in Republic Services by 18.2% in the 2nd quarter. Tandem Investment Advisors Inc. now owns 179,631 shares of the business services provider’s stock worth $11,448,000 after purchasing an additional 27,666 shares during the last quarter. 60.57% of the stock is currently owned by institutional investors.
Republic Services (RSG) traded down 4.87% during mid-day trading on Wednesday, reaching $63.31. The company’s stock had a trading volume of 3,957,701 shares. Republic Services has a 1-year low of $49.18 and a 1-year high of $67.18. The firm has a 50-day moving average of $65.51 and a 200 day moving average of $64.07. The firm has a market capitalization of $21.32 billion, a price-to-earnings ratio of 32.50 and a beta of 0.60.
Republic Services (NYSE:RSG) last announced its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.02. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.47 billion. Republic Services had a return on equity of 10.61% and a net margin of 8.05%. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.55 EPS. Equities analysts expect that Republic Services will post $2.39 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be given a $0.345 dividend. This is a positive change from Republic Services’s previous quarterly dividend of $0.32. This represents a $1.38 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Friday, September 29th. Republic Services’s dividend payout ratio is presently 70.77%.
Republic Services Company Profile
Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services. The Company’s segments include Group 1, Group 2 and Corporate entities. Its Group 1 and Group 2 segments provide integrated waste management services. Group 1 consists of geographic areas located in the western and portions of the mid-western United States.
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