Republic Services (RSG) – Research Analysts’ Weekly Ratings Changes

by · The Markets Daily

A number of research firms have changed their ratings and price targets for Republic Services (NYSE: RSG):

  • 12/12/2024 – Republic Services had its price target raised by analysts at Morgan Stanley from $217.00 to $220.00. They now have an “equal weight” rating on the stock.
  • 12/10/2024 – Republic Services was upgraded by analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating. They now have a $237.00 price target on the stock, up previously from $219.00.
  • 12/6/2024 – Republic Services was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating. They now have a $238.00 price target on the stock, up previously from $211.00.
  • 12/4/2024 – Republic Services had its price target raised by analysts at CIBC from $217.00 to $227.00. They now have a “neutral” rating on the stock.
  • 10/30/2024 – Republic Services had its price target raised by analysts at Royal Bank of Canada from $211.00 to $219.00. They now have a “sector perform” rating on the stock.
  • 10/30/2024 – Republic Services had its price target raised by analysts at Oppenheimer Holdings Inc. from $219.00 to $220.00. They now have an “outperform” rating on the stock.
  • 10/30/2024 – Republic Services had its price target raised by analysts at CIBC from $208.00 to $217.00. They now have a “neutral” rating on the stock.
  • 10/30/2024 – Republic Services had its price target raised by analysts at Morgan Stanley from $208.00 to $217.00. They now have an “equal weight” rating on the stock.
  • 10/30/2024 – Republic Services had its price target raised by analysts at Truist Financial Co. from $220.00 to $244.00. They now have a “buy” rating on the stock.

Republic Services Stock Performance

NYSE:RSG traded up $1.88 during midday trading on Tuesday, reaching $204.14. 326,806 shares of the company traded hands, compared to its average volume of 1,116,194. Republic Services, Inc. has a twelve month low of $161.93 and a twelve month high of $220.58. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.64. The company has a fifty day moving average price of $208.69 and a 200 day moving average price of $202.77. The firm has a market capitalization of $63.93 billion, a price-to-earnings ratio of 32.66, a price-to-earnings-growth ratio of 3.30 and a beta of 0.71.

Republic Services (NYSE:RSG – Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.20. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the previous year, the firm posted $1.54 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. On average, analysts expect that Republic Services, Inc. will post 6.25 EPS for the current fiscal year.

Republic Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $2.32 annualized dividend and a yield of 1.14%. Republic Services’s dividend payout ratio is currently 37.12%.

Insider Buying and Selling

In other Republic Services news, CFO Brian M. Delghiaccio sold 5,071 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the sale, the chief financial officer now directly owns 6,318 shares of the company’s stock, valued at $1,326,906.36. The trade was a 44.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Katharine Weymouth sold 1,859 shares of Republic Services stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $215.27, for a total value of $400,186.93. Following the transaction, the director now owns 879 shares in the company, valued at $189,222.33. This represents a 67.90 % decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Republic Services

Several institutional investors have recently bought and sold shares of RSG. Wellington Management Group LLP lifted its stake in shares of Republic Services by 23.2% in the third quarter. Wellington Management Group LLP now owns 6,004,199 shares of the business services provider’s stock worth $1,205,883,000 after buying an additional 1,131,850 shares during the last quarter. Geode Capital Management LLC lifted its position in Republic Services by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 4,507,521 shares of the business services provider’s stock worth $903,316,000 after acquiring an additional 73,207 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Republic Services by 2.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,520,738 shares of the business services provider’s stock valued at $506,265,000 after acquiring an additional 57,040 shares during the period. Stifel Financial Corp increased its stake in shares of Republic Services by 437.9% in the third quarter. Stifel Financial Corp now owns 1,814,613 shares of the business services provider’s stock worth $364,449,000 after purchasing an additional 1,477,255 shares during the period. Finally, Legal & General Group Plc lifted its position in shares of Republic Services by 5.4% during the 2nd quarter. Legal & General Group Plc now owns 1,808,580 shares of the business services provider’s stock worth $351,480,000 after purchasing an additional 92,013 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors.

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.

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