Republic Services (NYSE:RSG) Price Target Raised to $220.00 at Oppenheimer

Republic Services (NYSE:RSG) had its price objective increased by Oppenheimer from $219.00 to $220.00 in a research note published on Wednesday morning, Benzinga reports. Oppenheimer currently has an outperform rating on the business services provider’s stock.

Other equities analysts have also issued reports about the company. William Blair initiated coverage on Republic Services in a research report on Thursday, October 3rd. They issued an “outperform” rating on the stock. BMO Capital Markets upped their target price on Republic Services from $209.00 to $211.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. Truist Financial lifted their price objective on shares of Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a research report on Wednesday. TD Cowen lifted their target price on Republic Services from $195.00 to $200.00 and gave the company a “hold” rating in a research note on Monday, August 5th. Finally, StockNews.com cut shares of Republic Services from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $215.71.

Republic Services Stock Performance

NYSE:RSG opened at $198.76 on Wednesday. Republic Services has a 1-year low of $146.82 and a 1-year high of $208.69. The firm 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 firm has a 50 day simple moving average of $203.77 and a 200-day simple moving average of $196.65. 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 (NYSE:RSG) last issued its earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.19. The firm had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.12 billion. Republic Services had a return on equity of 17.81% and a net margin of 12.11%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.54 earnings per share. On average, equities analysts expect that Republic Services will post 6.18 EPS for the current year.

Republic Services Announces Dividend

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

Insider Activity at Republic Services

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

Hedge Funds Weigh In On Republic Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wolff Wiese Magana LLC boosted its stake in Republic Services by 351.6% in the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock valued at $28,000 after buying an additional 109 shares in the last quarter. EntryPoint Capital LLC acquired a new position in Republic Services in the 1st quarter valued at approximately $29,000. Webster Bank N. A. acquired a new position in shares of Republic Services during the third quarter worth $31,000. Itau Unibanco Holding S.A. bought a new stake in shares of Republic Services in the second quarter worth $36,000. Finally, Indiana Trust & Investment Management CO acquired a new stake in Republic Services in the second quarter valued at $45,000. 57.73% of the stock is owned by institutional investors and hedge funds.

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.