Republic Services (NYSE:RSG – Get Free Report)‘s stock had its “peer perform” rating reissued by Wolfe Research in a research report issued to clients and investors on Tuesday, Benzinga reports.
RSG has been the topic of a number of other research reports. Weiss Ratings upgraded Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. Barclays upped their price objective on Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Citigroup increased their price objective on Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Morgan Stanley set a $232.00 target price on Republic Services in a report on Friday, August 7th. Finally, UBS Group boosted their target price on shares of Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Twelve research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $245.26.
View Our Latest Research Report on RSG
Republic Services Stock Performance
Republic Services (NYSE:RSG – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.04. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The firm had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.36 billion. During the same period in the prior year, the firm earned $1.77 EPS. The business’s revenue was up 4.6% on a year-over-year basis. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, sell-side analysts predict that Republic Services will post 7.27 earnings per share for the current year.
Insider Buying and Selling
In related news, major shareholder Cascade Investment, L.L.C. acquired 409,500 shares of the company’s stock in a transaction on Tuesday, September 8th. The stock was purchased at an average cost of $221.49 per share, with a total value of $90,700,155.00. Following the acquisition, the insider directly owned 116,166,330 shares of the company’s stock, valued at approximately $25,729,680,431.70. The trade was a 0.35% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders acquired 6,254,462 shares of company stock worth $1,380,321,958. 0.12% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System grew its stake in Republic Services by 19,694.6% during the second quarter. California State Teachers Retirement System now owns 49,796,796 shares of the business services provider’s stock worth $10,610,701,000 after buying an additional 49,545,228 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Republic Services during the 2nd quarter worth approximately $3,798,092,000. Bank of America Corp DE bought a new stake in shares of Republic Services during the 2nd quarter worth approximately $682,573,000. Norges Bank acquired a new stake in shares of Republic Services during the 4th quarter worth approximately $617,165,000. Finally, Capital World Investors increased its stake in Republic Services by 27.7% in the fourth quarter. Capital World Investors now owns 8,765,623 shares of the business services provider’s stock valued at $1,857,698,000 after acquiring an additional 1,899,183 shares during the last quarter. Institutional investors own 57.73% of the company’s stock.
Republic Services Company Profile
Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal and recycling services. The company serves residential, commercial, industrial and municipal customers, offering scheduled and on-demand waste pickup, roll-off containers, transfer-station services and landfill disposal.
Its recycling and environmental services include the collection and processing of recyclable materials, organics management, waste reduction programs and related sustainability solutions.
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