Republic Services’ (RSG) Peer Perform Rating Reiterated at Wolfe Research

Republic Services (NYSE:RSG)‘s stock had its “peer perform” rating restated by stock analysts at Wolfe Research in a report issued on Tuesday, Benzinga reports.

Other research analysts also recently issued research reports about the stock. UBS Group boosted 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. Citigroup lifted their target price on Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Weiss Ratings upgraded Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. Barclays raised their price objective on Republic Services from $233.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Finally, Morgan Stanley set a $232.00 price objective on Republic Services in a report on Friday, August 7th. Twelve analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, Republic Services has an average rating of “Moderate Buy” and a consensus price target of $245.26.

Republic Services Stock Up 1.4%

RSG stock opened at $225.81 on Tuesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.64 and a quick ratio of 0.64. Republic Services has a 52-week low of $196.41 and a 52-week high of $233.42. The company has a 50-day moving average of $218.48 and a two-hundred day moving average of $215.24. The stock has a market capitalization of $69.15 billion, a price-to-earnings ratio of 31.98, a price-to-earnings-growth ratio of 3.69 and a beta of 0.40.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.04. The business had revenue of $4.43 billion for 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%.The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. As a group, equities research analysts anticipate that Republic Services will post 7.27 EPS for the current year.

Insiders Place Their Bets

In related news, major shareholder Cascade Investment, L.L.C. acquired 324,810 shares of the stock in a transaction dated Friday, September 11th. The shares were bought at an average cost of $222.89 per share, for a total transaction of $72,396,900.90. Following the purchase, the insider owned 117,058,444 shares in the company, valued at approximately $26,091,156,583.16. This trade represents a 0.28% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders purchased 6,254,462 shares of company stock worth $1,380,321,958 over the last 90 days. 0.12% of the stock is currently owned by insiders.

Institutional Trading of Republic Services

Institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System raised its holdings in shares of Republic Services by 19,694.6% in the 2nd quarter. California State Teachers Retirement System now owns 49,796,796 shares of the business services provider’s stock valued at $10,610,701,000 after purchasing an additional 49,545,228 shares during the period. BlackRock Inc. bought a new position in Republic Services during the second quarter worth about $3,798,092,000. Capital World Investors increased its position in Republic Services by 27.7% during the fourth quarter. Capital World Investors now owns 8,765,623 shares of the business services provider’s stock worth $1,857,698,000 after buying an additional 1,899,183 shares during the last quarter. Bank of America Corp DE acquired a new position in Republic Services during the second quarter worth approximately $682,573,000. Finally, Norges Bank bought a new stake in Republic Services in the fourth quarter valued at approximately $617,165,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Company Profile

Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal and recycling services. The company serves residential, commercial, industrial and municipal customers, offering scheduled and on-demand waste pickup, roll-off containers, transfer-station services and landfill disposal.

Its recycling and environmental services include the collection and processing of recyclable materials, organics management, waste reduction programs and related sustainability solutions.