Republic Services, Inc. (NYSE:RSG) Stock Has Average Price Target of $243.27

Republic Services, Inc. (NYSE:RSG) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-two analysts that are presently covering the stock, MarketBeat reports. Nine analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $243.27.

Several equities research analysts have issued reports on RSG shares. Raymond James Financial set a $235.00 price target on shares of Republic Services in a report on Friday, October 9th. UBS Group raised their price objective on shares of Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Scotiabank reaffirmed a “sector perform” rating and set a $236.00 price objective on shares of Republic Services in a report on Thursday. Barclays upped their target price on shares of Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Republic Services from $270.00 to $258.00 in a research report on Friday, October 9th.

Insider Buying and Selling at Republic Services

In related news, major shareholder Cascade Investment, L.L.C. bought 324,810 shares of the company’s stock in a transaction dated Friday, September 11th. The stock was acquired at an average cost 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 approximately $26,091,156,583.16. This represents a 0.28% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders purchased 6,254,462 shares of company stock valued at $1,380,321,958. Corporate insiders own 0.12% of the company’s stock.

Institutional Trading of Republic Services

Several institutional investors have recently bought and sold shares of the stock. Secure Asset Management LLC lifted its position in Republic Services by 3.3% during the 3rd quarter. Secure Asset Management LLC now owns 1,455 shares of the business services provider’s stock valued at $305,000 after purchasing an additional 47 shares during the period. V Square Quantitative Management LLC boosted its stake in shares of Republic Services by 2.2% in the 3rd quarter. V Square Quantitative Management LLC now owns 2,700 shares of the business services provider’s stock valued at $567,000 after purchasing an additional 57 shares during the last quarter. Perpetual Ltd grew its position in shares of Republic Services by 1.5% during the 3rd quarter. Perpetual Ltd now owns 75,648 shares of the business services provider’s stock worth $15,876,000 after buying an additional 1,137 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in shares of Republic Services by 2.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 47,998 shares of the business services provider’s stock worth $10,227,000 after buying an additional 1,326 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in shares of Republic Services by 6.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 665,127 shares of the business services provider’s stock worth $141,725,000 after buying an additional 42,027 shares during the period. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Price Performance

Shares of NYSE:RSG opened at $229.40 on Friday. The firm has a market capitalization of $70.24 billion, a PE ratio of 32.11, a PEG ratio of 3.72 and a beta of 0.39. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.12. Republic Services has a 1-year low of $196.41 and a 1-year high of $233.42. The business’s 50 day moving average is $218.84 and its 200-day moving average is $214.08.

Republic Services (NYSE:RSG) last issued its earnings results on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.04. The business had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.36 billion. Republic Services had a return on equity of 18.69% and a net margin of 12.94%. Republic Services’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Sell-side analysts predict that Republic Services will post 7.26 earnings per share for the current year.

Republic Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Friday, October 2nd. This is a positive change from Republic Services’s previous quarterly dividend of $0.6250. This represents a $2.68 dividend on an annualized basis and a yield of 1.2%. Republic Services’s dividend payout ratio (DPR) is presently 37.96%.

About Republic Services

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.