Republic Services, Inc. (NYSE:RSG) Receives $250.41 Consensus PT from Brokerages

Shares of Republic Services, Inc. (NYSE:RSG) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-seven brokerages that are presently covering the company, Marketbeat.com reports. Eleven research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $249.2273.

A number of equities analysts recently weighed in on RSG shares. Weiss Ratings restated a “buy (b-)” rating on shares of Republic Services in a report on Monday, December 29th. Wells Fargo & Company assumed coverage on Republic Services in a research note on Thursday, November 13th. They issued an “overweight” rating and a $238.00 price target for the company. UBS Group set a $220.00 price objective on Republic Services in a research report on Monday, January 5th. Citigroup decreased their target price on Republic Services from $268.00 to $244.00 and set a “buy” rating for the company in a research report on Friday. Finally, Stifel Nicolaus dropped their price target on shares of Republic Services from $257.00 to $251.00 and set a “buy” rating on the stock in a report on Friday, October 31st.

Republic Services Trading Up 0.1%

NYSE RSG opened at $210.99 on Thursday. Republic Services has a 12 month low of $201.42 and a 12 month high of $258.75. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.04. The stock’s fifty day moving average price is $212.61 and its 200-day moving average price is $223.64. The stock has a market cap of $65.31 billion, a P/E ratio of 31.40, a P/E/G ratio of 3.45 and a beta of 0.55.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Friday, October 31st. The business services provider reported $1.90 EPS for the quarter, beating the consensus estimate of $1.78 by $0.12. The company had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $4.25 billion. Republic Services had a net margin of 12.77% and a return on equity of 18.24%. Republic Services’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.81 EPS. As a group, equities analysts forecast that Republic Services will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd were paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, January 2nd. Republic Services’s dividend payout ratio (DPR) is 37.20%.

Insider Buying and Selling at Republic Services

In other Republic Services news, Director Katharine Weymouth acquired 478 shares of the stock in a transaction dated Tuesday, December 9th. The shares were purchased at an average price of $209.46 per share, for a total transaction of $100,121.88. Following the purchase, the director directly owned 5,740 shares of the company’s stock, valued at approximately $1,202,300.40. This trade represents a 9.08% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.11% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Financial Consulate Inc. purchased a new stake in shares of Republic Services in the third quarter worth $25,000. Wealth Watch Advisors INC purchased a new position in shares of Republic Services in the third quarter worth $26,000. Cranbrook Wealth Management LLC grew its position in shares of Republic Services by 1,222.2% during the second quarter. Cranbrook Wealth Management LLC now owns 119 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 110 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its stake in Republic Services by 121.8% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 122 shares of the business services provider’s stock worth $28,000 after acquiring an additional 67 shares during the last quarter. Finally, NewSquare Capital LLC raised its holdings in shares of Republic Services by 68.5% during the 2nd quarter. NewSquare Capital LLC now owns 123 shares of the business services provider’s stock worth $30,000 after acquiring an additional 50 shares in the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.

About Republic Services

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.