Republic Services (NYSE:RSG) Price Target Raised to $250.00 at UBS Group

Republic Services (NYSE:RSG) had its price target boosted by UBS Group from $240.00 to $250.00 in a research note published on Friday,Benzinga reports. The brokerage currently has a neutral rating on the business services provider’s stock.

A number of other research firms also recently issued reports on RSG. William Blair reaffirmed an “outperform” rating on shares of Republic Services in a research report on Friday, February 14th. Truist Financial reaffirmed a “buy” rating and set a $250.00 price target (up previously from $244.00) on shares of Republic Services in a research report on Friday, February 14th. Royal Bank of Canada raised shares of Republic Services from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $219.00 to $237.00 in a research note on Monday, January 6th. Scotiabank upped their price target on shares of Republic Services from $233.00 to $250.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Finally, Cibc World Mkts raised shares of Republic Services from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $239.13.

Republic Services Trading Up 1.6 %

NYSE RSG opened at $244.09 on Friday. Republic Services has a 52 week low of $180.92 and a 52 week high of $249.73. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58. The stock’s 50 day moving average price is $233.24 and its two-hundred day moving average price is $216.67. The stock has a market capitalization of $76.22 billion, a price-to-earnings ratio of 37.61, a PEG ratio of 3.64 and a beta of 0.62.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.21. The business had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.08 billion. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. During the same quarter in the previous year, the firm posted $1.41 earnings per share. As a group, analysts anticipate that Republic Services will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Wednesday, April 2nd. Republic Services’s dividend payout ratio (DPR) is currently 35.75%.

Insiders Place Their Bets

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the sale, the chief operating officer now directly owns 10,416 shares in the company, valued at $2,376,931.20. This represents a 37.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.09% of the company’s stock.

Hedge Funds Weigh In On Republic Services

A number of institutional investors have recently added to or reduced their stakes in RSG. Versant Capital Management Inc boosted its holdings in shares of Republic Services by 0.4% during the 1st quarter. Versant Capital Management Inc now owns 9,973 shares of the business services provider’s stock valued at $2,415,000 after acquiring an additional 44 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its stake in shares of Republic Services by 0.5% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 8,648 shares of the business services provider’s stock valued at $1,740,000 after purchasing an additional 46 shares in the last quarter. McGlone Suttner Wealth Management Inc. grew its holdings in shares of Republic Services by 2.2% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 2,213 shares of the business services provider’s stock worth $445,000 after purchasing an additional 48 shares during the last quarter. FORA Capital LLC increased its stake in shares of Republic Services by 0.7% in the fourth quarter. FORA Capital LLC now owns 7,659 shares of the business services provider’s stock valued at $1,541,000 after buying an additional 50 shares during the period. Finally, Access Financial Services Inc. raised its holdings in Republic Services by 0.8% in the 4th quarter. Access Financial Services Inc. now owns 6,178 shares of the business services provider’s stock valued at $1,243,000 after buying an additional 51 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

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.