BMO Capital Markets Issues Positive Forecast for Republic Services (NYSE:RSG) Stock Price

Republic Services (NYSE:RSG) had its price target increased by BMO Capital Markets from $260.00 to $268.00 in a research report released on Friday,Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

A number of other research analysts have also issued reports on the stock. Truist Financial boosted their price target on shares of Republic Services from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday. Morgan Stanley upped their price objective on Republic Services from $220.00 to $230.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. William Blair reiterated an “outperform” rating on shares of Republic Services in a research note on Friday, February 14th. CIBC raised Republic Services from a “neutral” rating to a “sector outperform” rating and set a $264.00 price target on the stock in a research note on Tuesday, March 4th. Finally, Stifel Nicolaus lifted their price objective on Republic Services from $240.00 to $257.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $245.38.

Republic Services Stock Up 1.3 %

Shares of NYSE:RSG opened at $243.96 on Friday. Republic Services has a 1-year low of $180.92 and a 1-year high of $249.73. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64. The stock has a market cap of $76.23 billion, a P/E ratio of 37.59, a P/E/G ratio of 3.64 and a beta of 0.62. The firm has a fifty day moving average price of $236.86 and a 200 day moving average price of $219.46.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.03. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The firm had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.08 billion. Sell-side analysts predict that Republic Services will post 6.86 EPS for the current year.

Republic Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be paid a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $2.32 annualized dividend and a yield of 0.95%. Republic Services’s payout ratio is currently 34.99%.

Insider Transactions at Republic Services

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total value of $1,436,062.60. Following the sale, the chief operating officer now directly owns 10,416 shares of the company’s stock, valued at approximately $2,376,931.20. This trade represents a 37.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.11% of the company’s stock.

Institutional Investors Weigh In On Republic Services

A number of institutional investors have recently bought and sold shares of the stock. Golden State Wealth Management LLC grew its stake 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 buying an additional 106 shares during the period. Arcadia Investment Management Corp MI grew its position in Republic Services by 200.0% during the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 88 shares during the period. R Squared Ltd acquired a new stake in Republic Services during the fourth quarter worth about $32,000. New Age Alpha Advisors LLC raised its holdings in shares of Republic Services by 70.2% in the 4th quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider’s stock worth $36,000 after purchasing an additional 73 shares during the period. Finally, Park Square Financial Group LLC purchased a new stake in shares of Republic Services during the 4th quarter worth about $44,000. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Republic Services Company Profile

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.