Republic Services (NYSE:RSG) Now Covered by Analysts at Wolfe Research

Wolfe Research started coverage on shares of Republic Services (NYSE:RSG) in a research note published on Friday morning, MarketBeat Ratings reports. The firm issued a peer perform rating on the business services provider’s stock.

RSG has been the topic of several other reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Republic Services in a research report on Monday, December 29th. Bank of America reduced their price objective on shares of Republic Services from $271.00 to $241.00 and set a “buy” rating for the company in a research report on Monday, December 22nd. Citigroup boosted their target price on shares of Republic Services from $244.00 to $253.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Oppenheimer cut their target price on shares of Republic Services from $256.00 to $255.00 and set an “outperform” rating for the company in a research note on Friday, January 23rd. Finally, Morgan Stanley decreased their price target on shares of Republic Services from $230.00 to $225.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 18th. Thirteen research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, Republic Services currently has a consensus rating of “Moderate Buy” and an average target price of $245.70.

Republic Services Stock Performance

RSG opened at $224.50 on Friday. The business has a 50 day moving average price of $219.38 and a two-hundred day moving average price of $219.23. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.64 and a quick ratio of 0.64. The company has a market capitalization of $69.32 billion, a price-to-earnings ratio of 32.77, a price-to-earnings-growth ratio of 3.73 and a beta of 0.54. Republic Services has a 1-year low of $201.42 and a 1-year high of $258.75.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Tuesday, February 17th. The business services provider reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.14. The company had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.21 billion. Republic Services had a return on equity of 18.44% and a net margin of 12.90%.The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period last year, the firm earned $1.58 EPS. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. Research analysts predict that Republic Services will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Thursday, April 2nd will be paid a dividend of $0.625 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $2.50 dividend on an annualized basis and a yield of 1.1%. Republic Services’s dividend payout ratio is currently 36.50%.

Institutional Investors Weigh In On Republic Services

A number of large investors have recently made changes to their positions in the company. L2 Asset Management LLC boosted its stake in Republic Services by 5.0% in the 2nd quarter. L2 Asset Management LLC now owns 908 shares of the business services provider’s stock worth $224,000 after purchasing an additional 43 shares during the period. CBIZ Investment Advisory Services LLC raised its stake in Republic Services by 11.3% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 445 shares of the business services provider’s stock valued at $94,000 after purchasing an additional 45 shares during the period. ANB Bank lifted its holdings in shares of Republic Services by 2.8% in the third quarter. ANB Bank now owns 1,691 shares of the business services provider’s stock valued at $388,000 after purchasing an additional 46 shares in the last quarter. Empirical Finance LLC boosted its position in shares of Republic Services by 0.7% in the second quarter. Empirical Finance LLC now owns 7,232 shares of the business services provider’s stock worth $1,783,000 after buying an additional 47 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in shares of Republic Services by 0.5% during the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 10,454 shares of the business services provider’s stock valued at $2,216,000 after buying an additional 48 shares in the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

About Republic Services

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.