Republic Services (NYSE:RSG) Receives “Buy” Rating from Truist Financial

Republic Services (NYSE:RSG)‘s stock had its “buy” rating reiterated by stock analysts at Truist Financial in a report issued on Friday,Benzinga reports. They presently have a $250.00 price objective on the business services provider’s stock, up from their previous price objective of $244.00. Truist Financial’s price objective points to a potential upside of 8.18% from the stock’s previous close.

RSG has been the subject of several other reports. BMO Capital Markets raised Republic Services from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $211.00 to $238.00 in a report on Friday, December 6th. Morgan Stanley boosted their price objective on Republic Services from $220.00 to $230.00 and gave the stock an “equal weight” rating in a report on Friday. William Blair reaffirmed an “outperform” rating on shares of Republic Services in a research note on Friday. 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. Finally, Jefferies Financial Group upped their price target on Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $225.38.

Republic Services Price Performance

NYSE RSG traded up $6.62 on Friday, hitting $231.11. 429,078 shares of the company were exchanged, compared to its average volume of 953,265. The firm has a 50 day moving average of $210.65 and a two-hundred day moving average of $207.06. The company has a market cap of $72.37 billion, a P/E ratio of 36.98, a P/E/G ratio of 3.24 and a beta of 0.74. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07. Republic Services has a 1-year low of $177.03 and a 1-year high of $232.52.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.21. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. During the same quarter in the prior year, the business posted $1.41 EPS. On average, equities analysts predict that Republic Services will post 6.25 EPS for the current year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Republic Services

Several large investors have recently made changes to their positions in RSG. Mirae Asset Global Investments Co. Ltd. raised its stake in Republic Services by 37.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,682 shares of the business services provider’s stock valued at $3,586,000 after acquiring an additional 4,827 shares during the period. TCW Group Inc. raised its stake in Republic Services by 13.0% in the 3rd quarter. TCW Group Inc. now owns 114,582 shares of the business services provider’s stock valued at $23,013,000 after acquiring an additional 13,138 shares during the period. Avanza Fonder AB bought a new stake in Republic Services in the 4th quarter valued at $4,430,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Republic Services in the 3rd quarter valued at $6,102,000. Finally, Lifeworks Advisors LLC raised its stake in Republic Services by 1,112.3% in the 3rd quarter. Lifeworks Advisors LLC now owns 21,469 shares of the business services provider’s stock valued at $4,312,000 after acquiring an additional 19,698 shares during the period. Institutional investors and hedge funds 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.