Republic Services (NYSE:RSG) Given New $258.00 Price Target at Deutsche Bank Aktiengesellschaft

Republic Services (NYSE:RSG) had its price objective reduced by Deutsche Bank Aktiengesellschaft from $270.00 to $258.00 in a research note issued to investors on Friday.

Several other research firms have also issued reports on RSG. Raymond James Financial set a $235.00 price target on shares of Republic Services in a research report on Friday. Barclays raised their target price on shares of Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Citigroup lifted their price target on Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Morgan Stanley set a $232.00 price target on Republic Services and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Finally, Canadian Imperial Bank of Commerce cut their price objective on Republic Services from $249.00 to $240.00 and set an “outperform” rating for the company in a research report on Thursday. Thirteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.32.

Republic Services Stock Down 0.0%

RSG stock opened at $216.76 on Friday. The company has a market cap of $66.38 billion, a price-to-earnings ratio of 30.70, a P/E/G ratio of 3.59 and a beta of 0.39. Republic Services has a twelve month low of $196.41 and a twelve month high of $233.42. The business has a 50 day moving average price of $217.01 and a two-hundred day moving average price of $213.75. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.12.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.04. Republic Services had a return on equity of 18.69% and a net margin of 12.94%. The company had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.36 billion. During the same quarter in the prior year, the business posted $1.77 EPS. The business’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. Analysts anticipate that Republic Services will post 7.27 EPS for the current fiscal year.

Republic Services Increases Dividend

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

Insider Transactions at Republic Services

In other news, major shareholder Cascade Investment, L.L.C. acquired 324,810 shares of Republic Services stock in a transaction dated Friday, September 11th. The stock was bought at an average price of $222.89 per share, for a total transaction of $72,396,900.90. Following the completion of the acquisition, the insider directly owned 117,058,444 shares in the company, valued at approximately $26,091,156,583.16. The trade was a 0.28% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have purchased 6,254,462 shares of company stock worth $1,380,321,958 in the last three months. Company insiders own 0.12% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Republic Services in the 2nd quarter valued at about $3,798,092,000. Bank of America Corp DE bought a new position in shares of Republic Services during the second quarter worth approximately $682,573,000. Legal & General Group Plc acquired a new stake in shares of Republic Services in the second quarter valued at approximately $245,506,000. Deutsche Bank AG bought a new stake in shares of Republic Services in the second quarter valued at approximately $236,628,000. Finally, Bank of New York Mellon Corp acquired a new stake in Republic Services during the second quarter worth approximately $220,527,000. 57.73% of the stock is owned by institutional investors and hedge funds.

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.