Republic Services, Inc. (NYSE:RSG) Receives $211.00 Consensus PT from Brokerages

Republic Services, Inc. (NYSE:RSG) has been assigned an average recommendation of “Hold” from the eighteen research firms that are currently covering the firm, MarketBeat.com reports. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $211.00.

A number of research analysts have recently weighed in on the company. Robert W. Baird lifted their price target on Republic Services from $208.00 to $210.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Raymond James lowered their price target on Republic Services from $219.00 to $214.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. BMO Capital Markets lifted their price target on Republic Services from $209.00 to $211.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. Scotiabank lifted their price target on Republic Services from $211.00 to $213.00 and gave the company a “sector perform” rating in a report on Wednesday, May 1st. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Republic Services in a report on Thursday, May 23rd. They set a “hold” rating and a $203.00 price target on the stock.

Republic Services Stock Performance

Shares of NYSE RSG opened at $202.46 on Thursday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $63.76 billion, a price-to-earnings ratio of 35.52, a PEG ratio of 3.23 and a beta of 0.69. The stock’s fifty day simple moving average is $195.50 and its 200 day simple moving average is $188.78. Republic Services has a 52-week low of $140.23 and a 52-week high of $206.54.

Republic Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, October 2nd. This is a positive change from Republic Services’s previous quarterly dividend of $0.54. This represents a $2.32 dividend on an annualized basis and a yield of 1.15%. Republic Services’s dividend payout ratio is 40.70%.

Insider Buying and Selling

In other Republic Services news, Director Katharine Weymouth purchased 540 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were acquired at an average cost of $185.26 per share, for a total transaction of $100,040.40. Following the transaction, the director now directly owns 540 shares in the company, valued at $100,040.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.09% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Unigestion Holding SA boosted its position in Republic Services by 2,178.2% in the 4th quarter. Unigestion Holding SA now owns 127,647 shares of the business services provider’s stock valued at $21,048,000 after buying an additional 122,044 shares during the last quarter. Bank of Nova Scotia lifted its stake in shares of Republic Services by 52.3% in the 4th quarter. Bank of Nova Scotia now owns 214,504 shares of the business services provider’s stock valued at $35,357,000 after purchasing an additional 73,651 shares during the period. TCW Group Inc. acquired a new position in shares of Republic Services in the 4th quarter valued at $17,903,000. Hsbc Holdings PLC lifted its stake in shares of Republic Services by 8.7% in the 4th quarter. Hsbc Holdings PLC now owns 456,726 shares of the business services provider’s stock valued at $75,297,000 after purchasing an additional 36,484 shares during the period. Finally, Allianz Asset Management GmbH raised its stake in Republic Services by 10.4% during the 4th quarter. Allianz Asset Management GmbH now owns 591,209 shares of the business services provider’s stock worth $97,496,000 after buying an additional 55,668 shares during the period. 57.73% of the stock is currently owned by institutional investors.

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.