Republic Services, Inc. (NYSE:RSG) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Republic Services, Inc. (NYSE:RSG) have earned an average rating of “Moderate Buy” from the eighteen ratings firms that are currently covering the company, MarketBeat reports. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $212.18.

A number of analysts have recently commented on RSG shares. Scotiabank started coverage on shares of Republic Services in a research note on Friday, October 4th. They issued a “sector perform” rating and a $224.00 price target for the company. Oppenheimer upped their price target on Republic Services from $210.00 to $219.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Raymond James lowered their target price on shares of Republic Services from $219.00 to $214.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. TD Cowen boosted their target price on shares of Republic Services from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Monday, August 5th. Finally, William Blair assumed coverage on shares of Republic Services in a report on Thursday, October 3rd. They issued an “outperform” rating on the stock.

Republic Services Trading Up 0.3 %

Republic Services stock opened at $200.42 on Tuesday. Republic Services has a one year low of $146.15 and a one year high of $208.69. The business’s fifty day moving average is $203.93 and its 200 day moving average is $196.52. The stock has a market capitalization of $62.95 billion, a PE ratio of 33.57, a price-to-earnings-growth ratio of 3.21 and a beta of 0.69. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.59 and a quick ratio of 0.59.

Republic Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Thursday, January 2nd. Republic Services’s dividend payout ratio (DPR) is 38.86%.

Insider Transactions at Republic Services

In related news, Director Tomago Collins sold 3,200 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $203.01, for a total value of $649,632.00. Following the sale, the director now directly owns 17,486 shares of the company’s stock, valued at $3,549,832.86. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.09% of the company’s stock.

Institutional Trading of Republic Services

Several institutional investors and hedge funds have recently made changes to their positions in the business. Wolff Wiese Magana LLC increased its stake in Republic Services by 351.6% in the 3rd quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after buying an additional 109 shares during the period. EntryPoint Capital LLC purchased a new position in shares of Republic Services during the first quarter worth approximately $29,000. Webster Bank N. A. bought a new stake in shares of Republic Services during the third quarter valued at approximately $31,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Republic Services in the second quarter valued at approximately $36,000. Finally, Indiana Trust & Investment Management CO purchased a new position in Republic Services during the 2nd quarter worth $45,000. 57.73% of the stock is currently owned by institutional investors.

Republic Services Company Profile

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.