Republic Services, Inc. (NYSE:RSG)‘s stock had its “outperform” rating restated by investment analysts at Royal Bank Of Canada in a research note issued on Thursday, September 7th.
Several other research firms have also recently weighed in on RSG. KeyCorp reaffirmed a “hold” rating on shares of Republic Services in a research report on Thursday, August 24th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Republic Services in a research report on Friday, August 25th. BidaskClub cut Republic Services from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Zacks Investment Research cut Republic Services from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Credit Suisse Group set a $69.00 price target on Republic Services and gave the stock a “hold” rating in a research report on Saturday, July 29th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $71.88.
Republic Services (RSG) opened at 66.54 on Thursday. The firm has a market capitalization of $22.41 billion, a price-to-earnings ratio of 34.16 and a beta of 0.60. The company has a 50 day moving average price of $64.99 and a 200-day moving average price of $63.81. Republic Services has a 52 week low of $49.18 and a 52 week high of $67.18.
Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02. Republic Services had a return on equity of 10.42% and a net margin of 6.86%. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the previous year, the business earned $0.55 EPS. Republic Services’s revenue was up 7.5% compared to the same quarter last year. Equities analysts predict that Republic Services will post $2.39 earnings per share for the current year.
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In other Republic Services news, EVP Jeffrey A. Hughes sold 6,329 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $66.50, for a total value of $420,878.50. Following the completion of the sale, the executive vice president now owns 428 shares in the company, valued at approximately $28,462. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.40% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. Intl Fcstone Inc. increased its stake in Republic Services by 89.1% in the 2nd quarter. Intl Fcstone Inc. now owns 23,131 shares of the business services provider’s stock worth $1,474,000 after buying an additional 10,900 shares in the last quarter. Cetera Investment Advisers bought a new position in shares of Republic Services during the 2nd quarter valued at about $211,000. Advisory Services Network LLC boosted its holdings in shares of Republic Services by 6.3% during the 2nd quarter. Advisory Services Network LLC now owns 3,782 shares of the business services provider’s stock valued at $241,000 after purchasing an additional 223 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Republic Services during the 2nd quarter valued at about $702,000. Finally, Tandem Investment Advisors Inc. boosted its holdings in shares of Republic Services by 18.2% during the 2nd quarter. Tandem Investment Advisors Inc. now owns 179,631 shares of the business services provider’s stock valued at $11,448,000 after purchasing an additional 27,666 shares during the last quarter. Institutional investors and hedge funds own 60.57% of the company’s stock.
Republic Services Company Profile
Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services. The Company’s segments include Group 1, Group 2 and Corporate entities. Its Group 1 and Group 2 segments provide integrated waste management services. Group 1 consists of geographic areas located in the western and portions of the mid-western United States.
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