Republic Services (NYSE:RSG) Sets New 52-Week High at $192.68

Shares of Republic Services, Inc. (NYSE:RSG) hit a new 52-week high on Monday . The stock traded as high as $192.68 and last traded at $192.58, with a volume of 421474 shares. The stock had previously closed at $189.76.

Analyst Ratings Changes

RSG has been the subject of several recent analyst reports. Morgan Stanley lowered shares of Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 price objective for the company. in a report on Friday, March 15th. The Goldman Sachs Group raised their price objective on shares of Republic Services from $209.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Citigroup lifted their price target on shares of Republic Services from $190.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Oppenheimer lifted their price target on shares of Republic Services from $182.00 to $195.00 and gave the company an “outperform” rating in a report on Wednesday, February 28th. Finally, Wells Fargo & Company lifted their price target on shares of Republic Services from $180.00 to $188.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Republic Services has an average rating of “Moderate Buy” and a consensus price target of $199.77.

Republic Services Price Performance

The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.56 and a current ratio of 0.56. The business’s 50 day simple moving average is $186.59 and its 200-day simple moving average is $169.85. The stock has a market capitalization of $60.04 billion, a price-to-earnings ratio of 34.85, a price-to-earnings-growth ratio of 3.35 and a beta of 0.68.

Republic Services (NYSE:RSG) last posted its earnings results on Tuesday, February 27th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.13. Republic Services had a net margin of 11.57% and a return on equity of 17.32%. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same period in the previous year, the business posted $1.13 EPS. Republic Services’s revenue was up 8.6% on a year-over-year basis. Research analysts anticipate that Republic Services, Inc. will post 6.01 earnings per share for the current year.

Republic Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Tuesday, April 2nd were given a dividend of $0.535 per share. The ex-dividend date was Monday, April 1st. This represents a $2.14 dividend on an annualized basis and a dividend yield of 1.12%. Republic Services’s dividend payout ratio (DPR) is 39.12%.

Insiders Place Their Bets

In other Republic Services news, CEO Ark Jon Vander sold 5,446 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $184.10, for a total transaction of $1,002,608.60. Following the sale, the chief executive officer now directly owns 85,113 shares in the company, valued at approximately $15,669,303.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.09% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FinTrust Capital Advisors LLC raised its stake in Republic Services by 56.3% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 197 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 71 shares during the last quarter. Bogart Wealth LLC acquired a new position in Republic Services during the 4th quarter valued at $30,000. Turtle Creek Wealth Advisors LLC acquired a new position in Republic Services during the 4th quarter valued at $34,000. Millburn Ridgefield Corp acquired a new position in Republic Services during the 3rd quarter valued at $36,000. Finally, Catalyst Capital Advisors LLC acquired a new position in Republic Services during the 3rd quarter valued at $36,000. 57.73% of the stock is owned by hedge funds and other 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.