Republic Services (NYSE:RSG) Receives “Buy” Rating from Truist Financial

Truist Financial reiterated their buy rating on shares of Republic Services (NYSE:RSG) in a research report report published on Friday,Benzinga reports. The firm currently has a $250.00 target price on the business services provider’s stock, up from their previous target price of $244.00.

Several other equities research analysts have also recently issued reports on RSG. BMO Capital Markets upgraded Republic Services from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $211.00 to $238.00 in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft upgraded Republic Services from a “hold” rating to a “buy” rating and lifted their target price for the company from $219.00 to $237.00 in a report on Tuesday, December 10th. Morgan Stanley raised their price objective on Republic Services from $220.00 to $230.00 and gave the company an “equal weight” rating in a research report on Friday. William Blair reissued an “outperform” rating on shares of Republic Services in a research report on Friday. Finally, Oppenheimer raised their price objective on Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Republic Services currently has an average rating of “Moderate Buy” and a consensus price target of $225.38.

Republic Services Price Performance

Shares of NYSE:RSG opened at $230.98 on Friday. The business’s fifty day moving average price is $210.65 and its two-hundred day moving average price is $207.06. The stock has a market cap of $72.33 billion, a PE ratio of 36.96, a price-to-earnings-growth ratio of 3.24 and a beta of 0.74. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64. Republic Services has a one year low of $177.03 and a one year high of $232.52.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.21. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. During the same quarter in the previous year, the business earned $1.41 EPS. On average, analysts forecast that Republic Services will post 6.25 EPS for the current fiscal year.

Republic Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.58 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 annualized dividend and a yield of 1.00%. Republic Services’s payout ratio is 37.12%.

Insider Buying and Selling

In other Republic Services news, Director Katharine Weymouth sold 1,859 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $215.27, for a total transaction of $400,186.93. Following the sale, the director now directly owns 879 shares of the company’s stock, valued at $189,222.33. The trade was a 67.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the sale, the chief financial officer now directly owns 6,318 shares in the company, valued at approximately $1,326,906.36. This trade represents a 44.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.

Institutional Trading of Republic Services

Large investors have recently added to or reduced their stakes in the company. Creative Planning increased its stake in shares of Republic Services by 8.1% in the third quarter. Creative Planning now owns 31,447 shares of the business services provider’s stock worth $6,316,000 after acquiring an additional 2,360 shares during the last quarter. Wolff Wiese Magana LLC increased its position in Republic Services by 351.6% during the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after buying an additional 109 shares during the last quarter. Good Life Advisors LLC increased its position in Republic Services by 12.3% during the third quarter. Good Life Advisors LLC now owns 1,207 shares of the business services provider’s stock worth $242,000 after buying an additional 132 shares during the last quarter. Buffington Mohr McNeal increased its position in Republic Services by 8.3% during the third quarter. Buffington Mohr McNeal now owns 40,306 shares of the business services provider’s stock worth $8,095,000 after buying an additional 3,091 shares during the last quarter. Finally, Bleakley Financial Group LLC grew its position in shares of Republic Services by 30.6% in the third quarter. Bleakley Financial Group LLC now owns 6,878 shares of the business services provider’s stock valued at $1,381,000 after purchasing an additional 1,611 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.