Republic Services, Inc. (NYSE:RSG) Receives Average Rating of “Moderate Buy” from Brokerages

Republic Services, Inc. (NYSE:RSG) has earned a consensus recommendation of “Moderate Buy” from the twenty-five research firms that are presently covering the company, MarketBeat reports. Ten research analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $253.85.

RSG has been the topic of several recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Republic Services in a report on Wednesday, October 8th. Jefferies Financial Group set a $248.00 price target on Republic Services and gave the stock a “buy” rating in a report on Monday. National Bankshares cut their price target on Republic Services from $270.00 to $241.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 7th. Barclays initiated coverage on Republic Services in a report on Friday, September 19th. They issued an “equal weight” rating and a $240.00 price target on the stock. Finally, Oppenheimer set a $256.00 price target on Republic Services in a report on Friday, October 31st.

Republic Services Trading Down 0.6%

NYSE:RSG opened at $206.53 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.04. The business’s 50 day moving average is $224.01 and its two-hundred day moving average is $236.90. Republic Services has a 52 week low of $199.43 and a 52 week high of $258.75. The company has a market cap of $64.48 billion, a PE ratio of 30.55, a P/E/G ratio of 3.40 and a beta of 0.57.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, October 30th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.12. The business had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $4.25 billion. Republic Services had a return on equity of 18.27% and a net margin of 12.97%.The business’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the business posted $1.81 EPS. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. On average, analysts predict that Republic Services will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, January 2nd will be given a $0.625 dividend. This represents a $2.50 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, January 2nd. Republic Services’s dividend payout ratio (DPR) is currently 37.20%.

Insider Activity at Republic Services

In other Republic Services news, major shareholder Cascade Investment, L.L.C. bought 4,258 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average cost of $234.91 per share, for a total transaction of $1,000,246.78. Following the transaction, the insider directly owned 109,816,832 shares in the company, valued at $25,797,072,005.12. The trade was a 0.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Gregg Brummer sold 7,338 shares of Republic Services stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $233.94, for a total value of $1,716,651.72. Following the transaction, the executive vice president owned 4,060 shares in the company, valued at approximately $949,796.40. This trade represents a 64.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.11% of the stock is owned by company insiders.

Hedge Funds Weigh In On Republic Services

Several hedge funds have recently modified their holdings of RSG. Brighton Jones LLC increased its position in shares of Republic Services by 75.8% during the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock valued at $3,988,000 after purchasing an additional 8,547 shares during the period. Golden State Wealth Management LLC increased its position in shares of Republic Services by 3,533.3% during the 1st quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 106 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of Republic Services in the 1st quarter worth $216,000. Mather Group LLC. grew its holdings in shares of Republic Services by 24.7% in the 1st quarter. Mather Group LLC. now owns 1,259 shares of the business services provider’s stock worth $305,000 after acquiring an additional 249 shares during the last quarter. Finally, Revisor Wealth Management LLC acquired a new position in shares of Republic Services in the 1st quarter worth $293,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

About Republic Services

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.