Republic Services, Inc. (NYSE:RSG) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Shares of Republic Services, Inc. (NYSE:RSG) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-two brokerages that are covering the stock, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $245.26.

A number of research firms have recently weighed in on RSG. Citigroup increased their target price on shares of Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Morgan Stanley set a $232.00 price target on Republic Services in a report on Friday, August 7th. UBS Group lifted their price objective on Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Wolfe Research started coverage on Republic Services in a research note on Tuesday, September 15th. They set a “peer perform” rating on the stock. Finally, Weiss Ratings upgraded Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 21st.

Insider Activity at Republic Services

In related news, major shareholder Cascade Investment, L.L.C. bought 324,810 shares of the business’s stock in a transaction dated Friday, September 11th. The shares were purchased at an average price of $222.89 per share, with a total value of $72,396,900.90. Following the purchase, the insider owned 117,058,444 shares of the company’s stock, valued at approximately $26,091,156,583.16. This trade represents a 0.28% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have bought 6,254,462 shares of company stock valued at $1,380,321,958. Company insiders own 0.12% of the company’s stock.

Institutional Trading of Republic Services

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bell Investment Advisors Inc purchased a new position in shares of Republic Services during the 2nd quarter worth approximately $25,000. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Republic Services in the 2nd quarter valued at approximately $27,000. Compass Financial Management LLC bought a new stake in shares of Republic Services during the second quarter valued at approximately $27,000. Hilton Head Capital Partners LLC purchased a new stake in Republic Services in the fourth quarter worth $32,000. Finally, Annis Gardner Whiting Capital Advisors LLC raised its holdings in Republic Services by 47.3% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 162 shares of the business services provider’s stock worth $35,000 after purchasing an additional 52 shares in the last quarter. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Republic Services Stock Down 0.3%

Shares of NYSE RSG opened at $212.15 on Tuesday. The firm’s fifty day moving average is $217.63 and its 200 day moving average is $214.53. Republic Services has a 52 week low of $196.41 and a 52 week high of $233.42. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.12. The company has a market cap of $64.96 billion, a price-to-earnings ratio of 30.05, a PEG ratio of 3.51 and a beta of 0.40.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.04. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The business had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.36 billion. During the same quarter in the prior year, the company posted $1.77 EPS. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, equities research analysts expect that Republic Services will post 7.27 earnings per share for the current year.

Republic Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be issued a $0.67 dividend. This is a boost from Republic Services’s previous quarterly dividend of $0.6250. The ex-dividend date is Friday, October 2nd. This represents a $2.68 annualized dividend and a yield of 1.3%. Republic Services’s dividend payout ratio (DPR) is currently 35.41%.

About Republic Services

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.