Republic Services (NYSE:RSG) Coverage Initiated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft started coverage on shares of Republic Services (NYSE:RSG) in a research note published on Thursday, MarketBeat.com reports. The brokerage issued a hold rating and a $203.00 price objective on the business services provider’s stock.

A number of other research analysts have also commented on RSG. The Goldman Sachs Group upped their price objective on shares of Republic Services from $209.00 to $230.00 and gave the company a buy rating in a research report on Tuesday, April 16th. Oppenheimer upped their price target on Republic Services from $202.00 to $204.00 and gave the company an outperform rating in a report on Wednesday, May 1st. UBS Group boosted their price objective on Republic Services from $195.00 to $200.00 and gave the company a neutral rating in a research report on Wednesday, May 1st. BMO Capital Markets raised their target price on Republic Services from $173.00 to $195.00 and gave the stock a market perform rating in a research report on Wednesday, February 28th. Finally, Truist Financial boosted their price target on shares of Republic Services from $175.00 to $192.00 and gave the company a hold rating in a report on Wednesday, February 28th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Republic Services presently has an average rating of Moderate Buy and a consensus target price of $201.14.

Republic Services Stock Up 0.3 %

Shares of RSG stock opened at $186.81 on Thursday. The company has a market capitalization of $58.83 billion, a price-to-earnings ratio of 32.77, a PEG ratio of 3.01 and a beta of 0.67. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.53 and a current ratio of 0.53. The stock’s 50 day simple moving average is $188.81 and its 200 day simple moving average is $176.35. Republic Services has a twelve month low of $140.07 and a twelve month high of $196.76.

Republic Services (NYSE:RSG) last released its earnings results on Tuesday, April 30th. The business services provider reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.10. The firm had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.89 billion. Republic Services had a net margin of 11.81% and a return on equity of 17.56%. The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.24 EPS. As a group, research analysts predict that Republic Services will post 6.05 EPS for the current year.

Republic Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be issued a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Tuesday, July 2nd. Republic Services’s dividend payout ratio is 37.54%.

Insiders Place Their Bets

In related news, CEO Ark Jon Vander sold 5,446 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $184.10, for a total value of $1,002,608.60. Following the sale, the chief executive officer now owns 85,113 shares of the company’s stock, valued at $15,669,303.30. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Ark Jon Vander sold 5,446 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $184.10, for a total transaction of $1,002,608.60. Following the sale, the chief executive officer now owns 85,113 shares in the company, valued at approximately $15,669,303.30. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Amanda Hodges sold 6,500 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $186.02, for a total transaction of $1,209,130.00. Following the transaction, the chief marketing officer now directly owns 6,831 shares in the company, valued at $1,270,702.62. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

Hedge Funds Weigh In On Republic Services

A number of hedge funds have recently bought and sold shares of RSG. YHB Investment Advisors Inc. purchased a new position in shares of Republic Services in the 1st quarter worth approximately $29,000. EntryPoint Capital LLC bought a new position in Republic Services during the first quarter worth about $29,000. Bogart Wealth LLC purchased a new stake in Republic Services in the 4th quarter worth approximately $30,000. Turtle Creek Wealth Advisors LLC bought a new position in Republic Services in the 4th quarter valued at $34,000. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of Republic Services during the 3rd quarter valued at $36,000. 57.73% of the stock is owned by hedge funds and other institutional investors.

About Republic Services

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.