Republic Services, Inc. (NYSE:RSG – Get Free Report) has received an average recommendation of “Moderate Buy” from the twenty-two analysts that are currently covering the firm, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $245.26.
Several equities research analysts have commented on RSG shares. Citigroup upped their price target on shares of Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a report on Friday, July 10th. Barclays upped their target price on Republic Services from $233.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. UBS Group lifted their price target on Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Morgan Stanley set a $232.00 price objective on Republic Services in a research report on Friday, August 7th. Finally, Weiss Ratings raised shares of Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 21st.
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Insiders Place Their Bets
Institutional Trading of Republic Services
A number of hedge funds and other institutional investors have recently modified their holdings of RSG. BlackRock Inc. acquired a new position in Republic Services in the second quarter valued at about $3,798,092,000. State Street Corp lifted its holdings in shares of Republic Services by 1.6% in the 2nd quarter. State Street Corp now owns 9,953,507 shares of the business services provider’s stock worth $2,120,893,000 after acquiring an additional 160,051 shares during the last quarter. Capital World Investors boosted its position in shares of Republic Services by 27.7% during the 4th quarter. Capital World Investors now owns 8,765,623 shares of the business services provider’s stock worth $1,857,698,000 after purchasing an additional 1,899,183 shares during the period. Bank of America Corp DE acquired a new stake in Republic Services in the 2nd quarter valued at approximately $682,573,000. Finally, Norges Bank purchased a new stake in Republic Services in the fourth quarter valued at approximately $617,165,000. 57.73% of the stock is owned by institutional investors and hedge funds.
Republic Services Price Performance
Shares of RSG opened at $212.84 on Tuesday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.64 and a current ratio of 0.64. The company has a 50 day moving average price of $217.84 and a 200-day moving average price of $214.55. Republic Services has a fifty-two week low of $196.41 and a fifty-two week high of $233.42. The stock has a market capitalization of $65.17 billion, a PE ratio of 30.15, a PEG ratio of 3.54 and a beta of 0.40.
Republic Services (NYSE:RSG – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.04. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The business had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same period in the prior year, the firm posted $1.77 earnings per share. The business’s quarterly 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. Equities analysts predict that Republic Services will post 7.27 earnings per share for the current fiscal year.
Republic Services Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be given a dividend of $0.67 per share. This is a boost from Republic Services’s previous quarterly dividend of $0.6250. This represents a $2.68 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, October 2nd. Republic Services’s dividend payout ratio (DPR) is currently 35.41%.
About Republic Services
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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