Brokerages Set Republic Services, Inc. (NYSE:RSG) PT at $220.06

Republic Services, Inc. (NYSE:RSG) has been assigned a consensus rating of “Moderate Buy” from the eighteen analysts that are covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $221.12.

RSG has been the topic of several research analyst reports. BMO Capital Markets raised shares of Republic Services from a “market perform” rating to an “outperform” rating and increased their price target for the company from $211.00 to $238.00 in a research note on Friday, December 6th. Scotiabank started coverage on shares of Republic Services in a research report on Friday, October 4th. They set a “sector perform” rating and a $224.00 target price for the company. Deutsche Bank Aktiengesellschaft raised Republic Services from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $219.00 to $237.00 in a research note on Tuesday, December 10th. Royal Bank of Canada raised Republic Services from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $219.00 to $237.00 in a research note on Monday, January 6th. Finally, CIBC upped their price target on Republic Services from $217.00 to $227.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th.

Insider Buying and Selling

In other news, Director Katharine Weymouth sold 1,859 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $215.27, for a total transaction of $400,186.93. Following the completion of the transaction, the director now directly owns 879 shares of the company’s stock, valued at $189,222.33. This trade represents a 67.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the transaction, the chief financial officer now owns 6,318 shares of the company’s stock, valued at $1,326,906.36. The trade was a 44.53 % decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.

Institutional Trading of Republic Services

Several institutional investors and hedge funds have recently bought and sold shares of the stock. FSA Wealth Management LLC bought a new stake in shares of Republic Services during the 3rd quarter worth approximately $25,000. Wolff Wiese Magana LLC raised its position in Republic Services by 351.6% during the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after acquiring an additional 109 shares in the last quarter. Webster Bank N. A. bought a new position in shares of Republic Services in the 3rd quarter valued at about $31,000. Truvestments Capital LLC acquired a new position in shares of Republic Services during the 3rd quarter worth about $34,000. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of Republic Services in the 2nd quarter valued at about $36,000. Institutional investors own 57.73% of the company’s stock.

Republic Services Stock Performance

NYSE RSG opened at $206.47 on Friday. Republic Services has a twelve month low of $163.17 and a twelve month high of $220.58. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. The stock has a market cap of $64.66 billion, a P/E ratio of 33.04, a PEG ratio of 3.30 and a beta of 0.73. The company’s 50-day simple moving average is $208.87 and its 200 day simple moving average is $203.95.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.20. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The company had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same period in the prior year, the company posted $1.54 EPS. The company’s revenue was up 6.5% compared to the same quarter last year. As a group, research analysts forecast that Republic Services will post 6.25 earnings per share 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. Stockholders of record on Thursday, January 2nd will be issued a $0.58 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.12%. Republic Services’s dividend payout ratio (DPR) is 37.12%.

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.