Republic Services (NYSE:RSG) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Republic Services, Inc. (NYSE:RSG)’s stock price passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $213.75 and traded as high as $218.45. Republic Services shares last traded at $216.1370, with a volume of 1,284,704 shares trading hands.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Wolfe Research started coverage on Republic Services in a research report on Tuesday, September 15th. They issued a “peer perform” rating on the stock. Barclays lifted their target price on Republic Services from $233.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Raymond James Financial set a $235.00 price target on shares of Republic Services in a report on Friday. Citigroup lifted their price objective on shares of Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Finally, UBS Group boosted their target price on shares of Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. Twelve investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $244.72.

Republic Services Price Performance

The firm’s 50 day moving average price is $216.89 and its two-hundred day moving average price is $213.73. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a market cap of $66.38 billion, a PE ratio of 30.70, a P/E/G ratio of 3.58 and a beta of 0.39.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.04. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The company had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.36 billion. During the same period in the prior year, the company posted $1.77 EPS. Republic Services’s revenue was up 4.6% compared to the same quarter last year. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, research analysts expect that Republic Services, Inc. will post 7.27 earnings per share for the current year.

Republic Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.2%. This is a boost from Republic Services’s previous quarterly dividend of $0.6250. The ex-dividend date is Friday, October 2nd. Republic Services’s dividend payout ratio (DPR) is presently 37.96%.

Insider Activity

In related news, major shareholder Cascade Investment, L.L.C. acquired 324,810 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The shares were acquired at an average price of $222.89 per share, with a total value of $72,396,900.90. Following the acquisition, the insider owned 117,058,444 shares of the company’s stock, valued at approximately $26,091,156,583.16. This trade represents a 0.28% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last 90 days, insiders acquired 6,254,462 shares of company stock worth $1,380,321,958. Insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On Republic Services

Several hedge funds and other institutional investors have recently modified their holdings of RSG. Bell Investment Advisors Inc purchased a new position in shares of Republic Services during the 2nd quarter valued at $25,000. Edmond DE Rothschild Holding S.A. bought a new stake in Republic Services during the second quarter valued at $27,000. Compass Financial Management LLC purchased a new position in Republic Services during the second quarter worth about $27,000. Hilton Head Capital Partners LLC bought a new position in Republic Services in the 4th quarter worth about $32,000. Finally, Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of Republic Services by 47.3% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 162 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 52 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors.

Republic Services Company Profile

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.