Republic Services (NYSE:RSG) Upgraded to “Sector Outperform” at CIBC

CIBC upgraded shares of Republic Services (NYSE:RSG) from a neutral rating to a sector outperform rating in a research note published on Tuesday, MarketBeat.com reports. CIBC currently has $264.00 price objective on the business services provider’s stock.

Several other equities research analysts have also issued reports on RSG. The Goldman Sachs Group lifted their price objective on shares of Republic Services from $239.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. UBS Group upped their price target on Republic Services from $212.00 to $240.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Royal Bank of Canada raised Republic Services from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $219.00 to $237.00 in a research note on Monday, January 6th. Jefferies Financial Group upped their target price on Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Republic Services from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $219.00 to $237.00 in a research note on Tuesday, December 10th. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Republic Services currently has an average rating of “Moderate Buy” and an average target price of $236.88.

Republic Services Stock Performance

Shares of NYSE RSG opened at $231.33 on Tuesday. Republic Services has a one year low of $180.91 and a one year high of $240.95. The business’s 50-day moving average price is $218.28 and its two-hundred day moving average price is $210.60. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64. The company has a market capitalization of $72.24 billion, a P/E ratio of 35.64, a price-to-earnings-growth ratio of 3.64 and a beta of 0.74.

Republic Services (NYSE:RSG) last released 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 firm had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. During the same quarter in the prior year, the company posted $1.41 earnings per share. Analysts anticipate that Republic Services will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.00%. Republic Services’s payout ratio is 35.75%.

Insiders Place Their Bets

In other news, COO Gregg Brummer sold 6,293 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total value of $1,436,062.60. Following the sale, the chief operating officer now directly owns 10,416 shares in the company, valued at approximately $2,376,931.20. This represents a 37.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.09% of the company’s stock.

Institutional Trading of Republic Services

Several large investors have recently added to or reduced their stakes in RSG. TFR Capital LLC. acquired a new position in Republic Services in the fourth quarter worth $294,000. Park Square Financial Group LLC bought a new stake in shares of Republic Services during the fourth quarter worth $44,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Republic Services in the fourth quarter valued at about $42,852,000. Jefferies Financial Group Inc. bought a new stake in Republic Services during the 4th quarter worth about $246,000. Finally, Integrated Advisors Network LLC lifted its position in Republic Services by 4.2% during the 4th quarter. Integrated Advisors Network LLC now owns 1,571 shares of the business services provider’s stock valued at $316,000 after purchasing an additional 63 shares during the period. 57.73% of the stock is owned by institutional investors.

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.