Analysts Set Republic Services, Inc. (NYSE:RSG) PT at $211.00

Republic Services, Inc. (NYSE:RSG) has been given an average recommendation of “Hold” by the eighteen brokerages that are presently covering the company, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $211.00.

RSG has been the topic of several research reports. Stifel Nicolaus upped their price objective on shares of Republic Services from $215.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, July 25th. TD Cowen lifted their price target on Republic Services from $195.00 to $200.00 and gave the company a “hold” rating in a research note on Monday, August 5th. Raymond James lowered their price objective on Republic Services from $219.00 to $214.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Royal Bank of Canada upped their target price on shares of Republic Services from $201.00 to $211.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 25th. Finally, Robert W. Baird raised their price target on shares of Republic Services from $208.00 to $210.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th.

Insider Activity at Republic Services

In other Republic Services news, Director Tomago Collins sold 3,200 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $203.01, for a total value of $649,632.00. Following the sale, the director now directly owns 17,486 shares in the company, valued at approximately $3,549,832.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.09% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of RSG. Centaurus Financial Inc. lifted its stake in Republic Services by 6.3% during the second quarter. Centaurus Financial Inc. now owns 3,161 shares of the business services provider’s stock worth $614,000 after purchasing an additional 186 shares during the last quarter. Anchor Investment Management LLC boosted its stake in Republic Services by 1.7% in the second quarter. Anchor Investment Management LLC now owns 37,297 shares of the business services provider’s stock worth $7,248,000 after buying an additional 640 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in Republic Services by 1,946.2% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 136,279 shares of the business services provider’s stock valued at $26,484,000 after acquiring an additional 129,619 shares during the last quarter. Newbridge Financial Services Group Inc. raised its stake in shares of Republic Services by 368.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 703 shares of the business services provider’s stock worth $137,000 after acquiring an additional 553 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of Republic Services in the 2nd quarter worth approximately $5,078,000. 57.73% of the stock is currently owned by institutional investors.

Republic Services Stock Performance

Shares of Republic Services stock opened at $201.28 on Friday. The business has a 50-day moving average price of $202.08 and a two-hundred day moving average price of $194.68. Republic Services has a 1-year low of $140.23 and a 1-year high of $208.69. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05. The company has a market cap of $63.22 billion, a P/E ratio of 35.31, a PEG ratio of 3.20 and a beta of 0.70.

Republic Services (NYSE:RSG) last released its earnings results on Wednesday, July 24th. The business services provider reported $1.61 EPS for the quarter, topping the consensus estimate of $1.53 by $0.08. The business had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $4.03 billion. Republic Services had a return on equity of 17.81% and a net margin of 12.11%. As a group, analysts anticipate that Republic Services will post 6.18 EPS for the current year.

Republic Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd will be issued a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This is an increase from Republic Services’s previous quarterly dividend of $0.54. This represents a $2.32 annualized dividend and a yield of 1.15%. Republic Services’s dividend payout ratio (DPR) is 37.54%.

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.