Republic Services, Inc. (NYSE:RSG) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Republic Services, Inc. (NYSE:RSG) have been assigned an average recommendation of “Moderate Buy” from the twenty-two ratings firms that are currently covering the firm, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $245.26.

A number of analysts recently weighed in on the stock. Wolfe Research initiated coverage on shares of Republic Services in a research report on Tuesday, September 15th. They issued a “peer perform” rating on the stock. UBS Group boosted their price target on shares of Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Weiss Ratings raised Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. Morgan Stanley set a $232.00 price objective on Republic Services in a report on Friday, August 7th. Finally, Barclays boosted their price objective on Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th.

Insider Buying and Selling

In other Republic Services news, major shareholder Cascade Investment, L.L.C. acquired 409,500 shares of Republic Services stock in a transaction dated Tuesday, September 8th. The stock was bought at an average cost of $221.49 per share, for a total transaction of $90,700,155.00. Following the purchase, the insider directly owned 116,166,330 shares in the company, valued at approximately $25,729,680,431.70. This represents a 0.35% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have acquired a total of 6,254,462 shares of company stock worth $1,380,321,958 in the last ninety days. Corporate insiders own 0.12% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Republic Services in the second quarter valued at approximately $3,798,092,000. State Street Corp grew its position in Republic Services by 1.6% during the second quarter. State Street Corp now owns 9,953,507 shares of the business services provider’s stock worth $2,120,893,000 after buying an additional 160,051 shares in the last quarter. Capital World Investors grew its holdings in shares of Republic Services by 27.7% during the 4th quarter. Capital World Investors now owns 8,765,623 shares of the business services provider’s stock worth $1,857,698,000 after purchasing an additional 1,899,183 shares in the last quarter. Bank of America Corp DE bought a new stake in Republic Services during the second quarter worth about $682,573,000. Finally, Norges Bank acquired a new stake in Republic Services during the fourth quarter worth about $617,165,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Stock Up 0.4%

NYSE RSG opened at $212.96 on Tuesday. The stock’s 50 day simple moving average is $217.47 and its 200 day simple moving average is $214.35. Republic Services has a one year low of $196.41 and a one year high of $233.42. The firm has a market cap of $65.21 billion, a PE ratio of 30.16, a price-to-earnings-growth ratio of 3.51 and a beta of 0.40. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.64 and a quick ratio of 0.64.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.04. The firm had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.77 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. As a group, sell-side analysts forecast that Republic Services will post 7.27 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be given a dividend of $0.67 per share. This is an increase from Republic Services’s previous quarterly dividend of $0.6250. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $2.68 dividend on an annualized basis and a yield of 1.3%. Republic Services’s payout ratio is currently 35.41%.

About Republic Services

Republic Services, Inc (NYSE:RSG) is an environmental services company that provides non-hazardous solid waste collection, transfer, disposal and recycling services. Its customers include households, businesses, industrial facilities and municipalities.

The company’s operations include residential and commercial waste collection, roll-off and temporary container services, landfill management, transfer stations, recycling processing and related environmental solutions. Republic also provides services involving hazardous waste, organics, energy recovery and other specialized waste streams through selected operations.

Republic Services serves communities and customers across the United States, with operations spanning a broad network of collection, transfer, recycling and disposal facilities.