Republic Services (NYSE:RSG) PT Raised to $213.00 at Scotiabank

Republic Services (NYSE:RSG) had its price objective boosted by Scotiabank from $211.00 to $213.00 in a research note released on Wednesday, Benzinga reports. Scotiabank currently has a sector perform rating on the business services provider’s stock.

A number of other equities research analysts have also weighed in on the company. Wells Fargo & Company lifted their price objective on Republic Services from $180.00 to $188.00 and gave the stock an overweight rating in a research report on Tuesday, February 6th. BMO Capital Markets boosted their price objective on shares of Republic Services from $173.00 to $195.00 and gave the company a market perform rating in a research report on Wednesday, February 28th. Royal Bank of Canada initiated coverage on shares of Republic Services in a research report on Monday, April 8th. They issued a sector perform rating and a $198.00 target price for the company. Oppenheimer boosted their price target on shares of Republic Services from $202.00 to $204.00 and gave the company an outperform rating in a research report on Wednesday. Finally, Jefferies Financial Group raised their price objective on shares of Republic Services from $213.00 to $225.00 and gave the stock a buy rating in a report on Monday, March 18th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Republic Services currently has an average rating of Moderate Buy and a consensus price target of $201.00.

Republic Services Stock Down 0.5 %

Shares of NYSE RSG opened at $185.51 on Wednesday. The firm’s fifty day moving average is $188.02 and its 200 day moving average is $171.94. Republic Services has a 52 week low of $140.07 and a 52 week high of $196.76. The company has a quick ratio of 0.56, a current ratio of 0.53 and a debt-to-equity ratio of 1.05. The company has a market cap of $58.42 billion, a price-to-earnings ratio of 32.55, a PEG ratio of 3.25 and a beta of 0.67.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Tuesday, April 30th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.10. The firm had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Republic Services had a net margin of 11.81% and a return on equity of 17.56%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.24 earnings per share. On average, equities research analysts expect that Republic Services will post 6.02 earnings per share for the current year.

Republic Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be paid a dividend of $0.535 per share. 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 payout ratio is 37.54%.

Insider Transactions at Republic Services

In other news, CEO Ark Jon Vander sold 5,446 shares of Republic Services stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $184.10, for a total value of $1,002,608.60. Following the completion of the transaction, the chief executive officer now owns 85,113 shares of the company’s stock, valued at approximately $15,669,303.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.09% of the company’s stock.

Hedge Funds Weigh In On Republic Services

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RSG. FinTrust Capital Advisors LLC raised its stake in shares of Republic Services by 56.3% in the third quarter. FinTrust Capital Advisors LLC now owns 197 shares of the business services provider’s stock worth $28,000 after purchasing an additional 71 shares during the last quarter. YHB Investment Advisors Inc. purchased a new position in Republic Services in the 1st quarter worth about $29,000. Bogart Wealth LLC purchased a new stake in shares of Republic Services during the 4th quarter valued at about $30,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Republic Services in the fourth quarter worth approximately $34,000. Finally, Millburn Ridgefield Corp purchased a new position in shares of Republic Services during the third quarter valued at approximately $36,000. 57.73% of the stock is owned by 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.