Republic Services Inc. (NYSE:RSG)‘s stock had its “hold” rating reaffirmed by research analysts at Oppenheimer Holdings Inc. in a research report issued on Thursday.
A number of other research firms have also recently issued reports on RSG. Imperial Capital raised their target price on Republic Services from $52.00 to $58.00 and gave the company an “outperform” rating in a research note on Tuesday, August 2nd. Macquarie began coverage on Republic Services in a research note on Thursday, August 25th. They issued a “neutral” rating and a $53.00 target price on the stock. Barclays PLC raised their target price on Republic Services from $52.00 to $56.00 and gave the company an “overweight” rating in a research note on Tuesday, August 9th. Zacks Investment Research upgraded Republic Services from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research note on Wednesday, September 28th. Finally, Deutsche Bank AG cut Republic Services from a “buy” rating to a “hold” rating and raised their target price for the company from $108.00 to $112.00 in a research note on Saturday, October 22nd. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $57.36.
Shares of Republic Services (NYSE:RSG) opened at 51.98 on Thursday. Republic Services has a 52 week low of $41.82 and a 52 week high of $52.92. The company has a 50-day moving average of $50.33 and a 200-day moving average of $49.85. The firm has a market capitalization of $17.71 billion, a PE ratio of 30.22 and a beta of 0.54.
Republic Services (NYSE:RSG) last posted its earnings results on Thursday, October 27th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. The company had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.40 billion. Republic Services had a return on equity of 9.58% and a net margin of 6.40%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the business posted $0.53 earnings per share. On average, equities analysts forecast that Republic Services will post $2.18 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 16th. Shareholders of record on Tuesday, January 3rd will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.46%. Republic Services’s dividend payout ratio (DPR) is presently 74.85%.
In other Republic Services news, insider Donald W. Slager sold 26,000 shares of the business’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $50.37, for a total value of $1,309,620.00. Following the sale, the insider now directly owns 234,397 shares in the company, valued at $11,806,576.89. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.50% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of RSG. PineBridge Investments L.P. boosted its position in shares of Republic Services by 526.7% in the second quarter. PineBridge Investments L.P. now owns 2,933 shares of the company’s stock worth $150,000 after buying an additional 2,465 shares in the last quarter. Mizuho Asset Management Co. Ltd. boosted its position in shares of Republic Services by 73.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,005 shares of the company’s stock worth $154,000 after buying an additional 1,270 shares in the last quarter. Farmers National Bank bought a new position in shares of Republic Services during the second quarter worth $183,000. Private Bank & Trust Co. bought a new position in shares of Republic Services during the second quarter worth $213,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Republic Services during the second quarter worth $216,000. 61.02% of the stock is currently owned by hedge funds and other institutional investors.
Republic Services Company Profile