Shares of Republic Services, Inc. (NYSE:RSG) have earned an average rating of “Hold” from the ten ratings firms that are covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $72.60.
A number of equities analysts have issued reports on RSG shares. Stifel Nicolaus raised their price target on shares of Republic Services from $73.00 to $78.00 and gave the stock a “buy” rating in a research report on Monday, September 10th. Bank of America raised their price target on shares of Republic Services from $70.00 to $79.00 and gave the stock a “buy” rating in a research report on Friday, August 17th. Oppenheimer reaffirmed a “hold” rating on shares of Republic Services in a report on Friday, October 26th. Finally, BMO Capital Markets cut their target price on shares of Republic Services from $79.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, October 26th.
RSG traded up $0.01 during trading on Monday, reaching $77.35. 1,740,518 shares of the company’s stock were exchanged, compared to its average volume of 1,537,678. Republic Services has a 1 year low of $60.26 and a 1 year high of $78.08. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $25.10 billion, a PE ratio of 31.83, a P/E/G ratio of 2.36 and a beta of 0.54.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Wednesday, January 2nd will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Monday, December 31st. Republic Services’s dividend payout ratio (DPR) is 61.73%.
In other news, Director Jennifer M. Kirk bought 1,500 shares of the business’s stock in a transaction dated Wednesday, October 31st. The stock was purchased at an average cost of $72.35 per share, with a total value of $108,525.00. Following the acquisition, the director now directly owns 1,500 shares in the company, valued at $108,525. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.30% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of RSG. First Hawaiian Bank purchased a new stake in Republic Services in the 3rd quarter worth $119,000. Braun Bostich & Associates Inc. increased its holdings in Republic Services by 531.6% in the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,819 shares of the business services provider’s stock worth $124,000 after acquiring an additional 1,531 shares in the last quarter. Qube Research & Technologies Ltd increased its holdings in Republic Services by 57.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,936 shares of the business services provider’s stock worth $132,000 after acquiring an additional 704 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new stake in Republic Services in the 2nd quarter worth $178,000. Finally, Cerebellum GP LLC purchased a new stake in Republic Services in the 3rd quarter worth $186,000. 60.02% of the stock is owned by hedge funds and other institutional investors.
About Republic Services
Republic Services, Inc, together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, disposal, and energy services for small-container, large-container, municipal and residential, and energy services customers in the United States and Puerto Rico. The company's collection services include curbside collection of waste for transport to transfer stations; supply of waste containers; and renting of compactors.
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