Republic Services (NYSE:RSG) Reaches New 1-Year High at $208.62

Republic Services, Inc. (NYSE:RSG)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $208.62 and last traded at $208.51, with a volume of 112657 shares changing hands. The stock had previously closed at $206.27.

Analyst Ratings Changes

A number of research firms recently commented on RSG. Robert W. Baird increased their price target on Republic Services from $208.00 to $210.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. BMO Capital Markets raised their target price on Republic Services from $209.00 to $211.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Scotiabank upped their price target on shares of Republic Services from $211.00 to $213.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 1st. Raymond James lowered their price objective on shares of Republic Services from $219.00 to $214.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Finally, TD Cowen increased their price target on shares of Republic Services from $195.00 to $200.00 and gave the company a “hold” rating in a research note on Monday, August 5th. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $211.00.

Republic Services Trading Up 0.3 %

The company has a market capitalization of $65.14 billion, a P/E ratio of 36.31, a PEG ratio of 3.26 and a beta of 0.69. The business has a 50 day moving average price of $197.97 and a 200 day moving average price of $190.47. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.08. The company had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.03 billion. Republic Services had a net margin of 12.11% and a return on equity of 17.81%. Analysts anticipate that Republic Services, Inc. will post 6.18 EPS for the current year.

Republic Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd will be given a $0.58 dividend. The ex-dividend date is Wednesday, October 2nd. This is a positive change from Republic Services’s previous quarterly dividend of $0.54. This represents a $2.32 annualized dividend and a dividend yield of 1.12%. Republic Services’s payout ratio is currently 40.70%.

Insider Buying and Selling at Republic Services

In related news, Director Katharine Weymouth acquired 540 shares of the stock in a transaction dated Tuesday, June 4th. The stock was bought at an average price of $185.26 per share, with a total value of $100,040.40. Following the completion of the transaction, the director now directly owns 540 shares of the company’s stock, valued at $100,040.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Tomago Collins sold 3,200 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $203.01, for a total value of $649,632.00. Following the completion of the transaction, the director now owns 17,486 shares of the company’s stock, valued at $3,549,832.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Katharine Weymouth purchased 540 shares of the business’s stock in a transaction 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 completion of the transaction, the director now directly owns 540 shares in the company, valued at $100,040.40. The disclosure for this purchase can be found here. Insiders own 0.09% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Unigestion Holding SA increased its holdings in Republic Services by 2,178.2% during the fourth quarter. Unigestion Holding SA now owns 127,647 shares of the business services provider’s stock worth $21,048,000 after buying an additional 122,044 shares during the last quarter. Bank of Nova Scotia raised its holdings 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 stake in Republic Services in the 4th quarter valued at about $17,903,000. Hsbc Holdings PLC boosted its stake in shares of Republic Services by 8.7% during the 4th quarter. Hsbc Holdings PLC now owns 456,726 shares of the business services provider’s stock worth $75,297,000 after acquiring an additional 36,484 shares during the period. Finally, Allianz Asset Management GmbH increased its holdings in shares of 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 acquiring an additional 55,668 shares during the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

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.