Republic Services (NYSE:RSG) Given Outperform Rating at William Blair

Republic Services (NYSE:RSG)‘s stock had its “outperform” rating reaffirmed by investment analysts at William Blair in a research note issued on Friday,RTT News reports.

A number of other equities research analysts have also recently commented on RSG. CIBC increased their target price on Republic Services from $217.00 to $227.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a “hold” rating to a “buy” rating and boosted their target price for the company from $219.00 to $237.00 in a research note on Tuesday, December 10th. BMO Capital Markets raised shares of Republic Services from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $211.00 to $238.00 in a research note on Friday, December 6th. Royal Bank of Canada raised shares of Republic Services from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $219.00 to $237.00 in a research note on Monday, January 6th. Finally, Truist Financial boosted their price target on Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $225.38.

Republic Services Stock Up 2.9 %

RSG opened at $230.98 on Friday. Republic Services has a one year low of $177.03 and a one year high of $232.52. The company has a market cap of $72.33 billion, a price-to-earnings ratio of 36.96, a PEG ratio of 3.24 and a beta of 0.74. The business’s fifty day moving average is $210.94 and its two-hundred day moving average is $207.33. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.21. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The firm had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same period in the prior year, the company earned $1.41 EPS. Analysts anticipate that Republic Services will post 6.25 EPS for the current fiscal year.

Insider Buying and Selling at Republic Services

In related news, CFO Brian M. Delghiaccio sold 5,071 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total value of $1,065,011.42. Following the transaction, the chief financial officer now owns 6,318 shares in the company, valued at approximately $1,326,906.36. The trade was a 44.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Katharine Weymouth sold 1,859 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 879 shares of the company’s stock, valued at approximately $189,222.33. This trade 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

Institutional investors and hedge funds have recently made changes to their positions in the business. Creative Planning boosted its stake in Republic Services by 8.1% during the 3rd quarter. Creative Planning now owns 31,447 shares of the business services provider’s stock valued at $6,316,000 after acquiring an additional 2,360 shares during the last quarter. Wolff Wiese Magana LLC lifted its position in shares of Republic Services by 351.6% during the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after purchasing an additional 109 shares during the last quarter. Good Life Advisors LLC grew its stake in Republic Services by 12.3% in the third quarter. Good Life Advisors LLC now owns 1,207 shares of the business services provider’s stock worth $242,000 after purchasing an additional 132 shares in the last quarter. Buffington Mohr McNeal increased its holdings in Republic Services by 8.3% in the third quarter. Buffington Mohr McNeal now owns 40,306 shares of the business services provider’s stock valued at $8,095,000 after buying an additional 3,091 shares during the last quarter. Finally, Bleakley Financial Group LLC lifted its holdings in Republic Services by 30.6% during the 3rd quarter. Bleakley Financial Group LLC now owns 6,878 shares of the business services provider’s stock worth $1,381,000 after buying an additional 1,611 shares during the last quarter. 57.73% of the stock is currently owned by hedge funds and other 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.