Republic Services (NYSE:RSG) Price Target Raised to $219.00 at Royal Bank of Canada

Republic Services (NYSE:RSG) had its price objective raised by Royal Bank of Canada from $211.00 to $219.00 in a research report released on Wednesday, Benzinga reports. The brokerage currently has a sector perform rating on the business services provider’s stock.

Several other analysts have also recently weighed in on the company. William Blair assumed coverage on Republic Services in a report on Thursday, October 3rd. They issued an “outperform” rating on the stock. Robert W. Baird raised their target price on shares of Republic Services from $208.00 to $210.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. BMO Capital Markets boosted their price target on shares of Republic Services from $209.00 to $211.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th. Stifel Nicolaus raised their price objective on shares of Republic Services from $215.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Finally, CIBC upped their target price on shares of Republic Services from $196.00 to $208.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Republic Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $215.71.

Republic Services Trading Down 2.7 %

Shares of RSG opened at $198.76 on Wednesday. Republic Services has a twelve month low of $146.82 and a twelve month high of $208.69. The stock has a market cap of $62.42 billion, a PE ratio of 31.80, a P/E/G ratio of 3.21 and a beta of 0.69. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.05. The business’s 50-day moving average price is $203.77 and its 200-day moving average price is $196.65.

Republic Services (NYSE:RSG) last posted its earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.19. Republic Services had a net margin of 12.11% and a return on equity of 17.81%. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the prior year, the firm posted $1.54 EPS. Republic Services’s revenue was up 6.5% on a year-over-year basis. On average, equities analysts forecast that Republic Services will post 6.18 EPS for the current fiscal year.

Republic Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be issued a dividend of $0.58 per share. The ex-dividend date is Thursday, January 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.17%. Republic Services’s dividend payout ratio is currently 37.12%.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. State Board of Administration of Florida Retirement System grew its position in shares of Republic Services by 8.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 239,031 shares of the business services provider’s stock worth $45,760,000 after buying an additional 19,414 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Republic Services by 32.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 94,296 shares of the business services provider’s stock valued at $18,052,000 after acquiring an additional 23,306 shares in the last quarter. PGGM Investments raised its holdings in Republic Services by 264.3% in the 2nd quarter. PGGM Investments now owns 8,842 shares of the business services provider’s stock worth $1,718,000 after purchasing an additional 6,415 shares in the last quarter. Forsta AP Fonden lifted its position in shares of Republic Services by 11.7% in the 1st quarter. Forsta AP Fonden now owns 45,000 shares of the business services provider’s stock worth $8,615,000 after purchasing an additional 4,700 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Republic Services by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 18,254,878 shares of the business services provider’s stock valued at $3,494,714,000 after purchasing an additional 101,518 shares in the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

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.