Republic Services (NYSE:RSG) PT Lowered to $210.00

Republic Services (NYSE:RSG) had its target price reduced by Oppenheimer from $211.00 to $210.00 in a research note released on Thursday, Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

A number of other equities research analysts also recently weighed in on RSG. Royal Bank of Canada assumed coverage on Republic Services in a report on Monday, April 8th. They issued a sector perform rating and a $198.00 price target for the company. Robert W. Baird boosted their target price on shares of Republic Services from $208.00 to $210.00 and gave the company a neutral rating in a research note on Thursday. Scotiabank increased their target price on shares of Republic Services from $211.00 to $213.00 and gave the stock a sector perform rating in a report on Wednesday, May 1st. StockNews.com lowered shares of Republic Services from a strong-buy rating to a buy rating in a report on Wednesday, July 24th. Finally, UBS Group increased their price objective on shares of Republic Services from $195.00 to $200.00 and gave the stock a neutral rating in a research note on Wednesday, May 1st. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Republic Services currently has a consensus rating of Moderate Buy and a consensus target price of $211.69.

Republic Services Stock Performance

Shares of RSG stock opened at $190.30 on Thursday. The company’s fifty day simple moving average is $192.24 and its 200-day simple moving average is $186.16. The company has a current ratio of 0.59, a quick ratio of 0.53 and a debt-to-equity ratio of 1.05. Republic Services has a 52 week low of $140.23 and a 52 week high of $206.54. The company has a market cap of $59.93 billion, a PE ratio of 33.39, a P/E/G ratio of 3.15 and a beta of 0.69.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Tuesday, April 30th. The business services provider reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.10. The firm had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.89 billion. Republic Services had a net margin of 12.11% and a return on equity of 17.81%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.24 EPS. As a group, equities research analysts anticipate that Republic Services will post 6.17 EPS for the current year.

Republic Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, October 2nd will be paid a $0.58 dividend. This is a boost from Republic Services’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $2.32 annualized dividend and a dividend yield of 1.22%. Republic Services’s dividend payout ratio is presently 37.54%.

Insider Activity at Republic Services

In related news, Director Katharine Weymouth bought 540 shares of the stock in a transaction on Tuesday, June 4th. The shares were purchased at an average price of $185.26 per share, with a total value of $100,040.40. Following the purchase, the director now owns 540 shares in the company, valued at $100,040.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Republic Services news, CMO Amanda Hodges sold 6,500 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $186.02, for a total transaction of $1,209,130.00. Following the completion of the transaction, the chief marketing officer now directly owns 6,831 shares of the company’s stock, valued at approximately $1,270,702.62. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Katharine Weymouth acquired 540 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was purchased at an average cost of $185.26 per share, for a total transaction of $100,040.40. Following the purchase, the director now directly owns 540 shares in the company, valued at approximately $100,040.40. The disclosure for this purchase can be found here. Company insiders own 0.09% of the company’s stock.

Institutional Investors Weigh In On Republic Services

Several hedge funds and other institutional investors have recently bought and sold shares of the business. YHB Investment Advisors Inc. acquired a new position in shares of Republic Services in the 1st quarter worth approximately $29,000. EntryPoint Capital LLC bought a new position in shares of Republic Services in the first quarter valued at $29,000. Bogart Wealth LLC acquired a new stake in shares of Republic Services during the 4th quarter valued at $30,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Republic Services during the 4th quarter worth $34,000. Finally, Jones Financial Companies Lllp raised its position in shares of Republic Services by 3,014.3% during the fourth quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider’s stock worth $36,000 after purchasing an additional 211 shares during the period. 57.73% of the stock is currently owned by 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.