Republic Services’ (RSG) “Buy (B)” Rating Reiterated at Weiss Ratings

Weiss Ratings restated their buy (b) rating on shares of Republic Services (NYSE:RSG) in a report released on Wednesday morning,Weiss Ratings reports.

A number of other brokerages have also recently commented on RSG. Barclays began coverage on shares of Republic Services in a research note on Friday, September 19th. They issued an “equal weight” rating and a $240.00 price objective for the company. Raymond James Financial set a $260.00 price target on shares of Republic Services and gave the stock an “outperform” rating in a research note on Monday. Oppenheimer dropped their price target on shares of Republic Services from $268.00 to $263.00 and set an “outperform” rating for the company in a research note on Wednesday. Citigroup dropped their price target on shares of Republic Services from $280.00 to $270.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. Finally, National Bankshares dropped their price target on shares of Republic Services from $270.00 to $241.00 and set a “sector perform” rating for the company in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $258.85.

Republic Services Stock Performance

Shares of NYSE:RSG opened at $225.16 on Wednesday. Republic Services has a 52 week low of $197.60 and a 52 week high of $258.75. The stock has a market capitalization of $70.30 billion, a P/E ratio of 33.31, a PEG ratio of 3.58 and a beta of 0.59. The firm has a fifty day simple moving average of $230.18 and a two-hundred day simple moving average of $239.80. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.04.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Tuesday, July 29th. The business services provider reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.01. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The business had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.26 billion. During the same period last year, the company posted $1.61 EPS. The business’s revenue was up 4.6% on a year-over-year basis. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. On average, analysts expect that Republic Services will post 6.86 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd will be issued a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Thursday, October 2nd. This is a positive change from Republic Services’s previous quarterly dividend of $0.58. Republic Services’s dividend payout ratio (DPR) is 36.98%.

Insider Transactions at Republic Services

In related news, EVP Gregg Brummer sold 7,338 shares of Republic Services stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $233.94, for a total transaction of $1,716,651.72. Following the completion of the sale, the executive vice president owned 4,060 shares in the company, valued at $949,796.40. This trade represents a 64.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Cascade Investment, L.L.C. acquired 4,258 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were bought at an average price of $234.91 per share, with a total value of $1,000,246.78. Following the acquisition, the insider directly owned 109,816,832 shares in the company, valued at $25,797,072,005.12. This represents a 0.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.11% of the company’s stock.

Institutional Investors Weigh In On Republic Services

Several large investors have recently modified their holdings of RSG. Golden State Wealth Management LLC raised its holdings in shares of Republic Services by 3,533.3% in 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 in the last quarter. Cranbrook Wealth Management LLC raised its holdings in shares of Republic Services by 1,222.2% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 119 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 110 shares in the last quarter. Key Financial Inc raised its holdings in shares of Republic Services by 380.8% in the 1st quarter. Key Financial Inc now owns 125 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 99 shares in the last quarter. TCTC Holdings LLC raised its holdings in shares of Republic Services by 113.8% in the 1st quarter. TCTC Holdings LLC now owns 124 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 66 shares in the last quarter. Finally, Elequin Capital LP bought a new stake in shares of Republic Services in the 1st quarter valued at about $30,000. Institutional investors own 57.73% of the company’s stock.

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.