Republic Services, Inc. (NYSE:RSG) has been given an average rating of “Hold” by the ten ratings firms that are covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $72.60.
A number of equities research analysts have weighed in on the company. Stifel Nicolaus boosted their price objective on Republic Services from $73.00 to $78.00 and gave the company a “buy” rating in a research note on Monday, September 10th. Bank of America boosted their price objective on Republic Services from $70.00 to $79.00 and gave the company a “buy” rating in a research note on Friday, August 17th. BMO Capital Markets boosted their price objective on Republic Services from $75.00 to $79.00 and gave the company a “positive” rating in a research note on Thursday, August 16th. ValuEngine upgraded Republic Services from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. Finally, Zacks Investment Research upgraded Republic Services from a “sell” rating to a “hold” rating in a research note on Wednesday, August 1st.
Shares of NYSE RSG opened at $74.74 on Thursday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.56 and a quick ratio of 0.56. Republic Services has a twelve month low of $60.26 and a twelve month high of $75.82. The company has a market capitalization of $24.03 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 2.25 and a beta of 0.54.
Republic Services (NYSE:RSG) last issued its quarterly earnings data on Thursday, October 25th. The business services provider reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.01. Republic Services had a return on equity of 12.11% and a net margin of 13.90%. The company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. As a group, sell-side analysts anticipate that Republic Services will post 3.06 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Wednesday, January 2nd will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Monday, December 31st. Republic Services’s dividend payout ratio (DPR) is presently 61.73%.
In related news, Director Jennifer M. Kirk purchased 1,500 shares of the business’s stock in a transaction dated Wednesday, October 31st. The stock was acquired at an average price of $72.35 per share, for a total transaction of $108,525.00. Following the completion of the purchase, the director now directly owns 1,500 shares of the company’s stock, valued at $108,525. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Donald W. Slager sold 225,734 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $73.02, for a total value of $16,483,096.68. Following the sale, the insider now owns 378,023 shares of the company’s stock, valued at approximately $27,603,239.46. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Bank of Nova Scotia boosted its position in Republic Services by 75.8% during the 2nd quarter. Bank of Nova Scotia now owns 52,048 shares of the business services provider’s stock valued at $3,559,000 after purchasing an additional 22,438 shares during the period. BP PLC acquired a new position in Republic Services in the 2nd quarter valued at approximately $1,914,000. Argent Trust Co acquired a new position in Republic Services in the 2nd quarter valued at approximately $485,000. Van ECK Associates Corp raised its holdings in Republic Services by 2.5% in the 2nd quarter. Van ECK Associates Corp now owns 32,800 shares of the business services provider’s stock valued at $2,242,000 after acquiring an additional 801 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in Republic Services by 11.7% in the 2nd quarter. Bank of America Corp DE now owns 8,681,132 shares of the business services provider’s stock valued at $593,441,000 after acquiring an additional 909,717 shares in the last quarter. Institutional investors and hedge funds own 60.89% of the company’s stock.
About Republic Services
Republic Services, Inc, together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, disposal, and energy services for small-container, large-container, municipal and residential, and energy services customers in the United States and Puerto Rico. The company's collection services include curbside collection of waste for transport to transfer stations; supply of waste containers; and renting of compactors.
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