Republic Services, Inc. (NYSE:RSG)‘s stock had its “buy” rating reiterated by stock analysts at BMO Capital Markets in a report issued on Friday. They currently have a $72.00 price target on the business services provider’s stock. BMO Capital Markets’ price objective indicates a potential upside of 13.08% from the company’s current price.
Several other equities analysts have also commented on the stock. Bank of America Corporation decreased their price objective on shares of Republic Services from $72.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, October 5th. Stifel Nicolaus lowered shares of Republic Services from a “buy” rating to a “hold” rating and decreased their price objective for the company from $76.00 to $70.00 in a research report on Wednesday, October 4th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Republic Services in a research report on Thursday, September 7th. KeyCorp reaffirmed a “hold” rating on shares of Republic Services in a research report on Thursday, August 24th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Republic Services in a research report on Friday, August 25th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. Republic Services has a consensus rating of “Hold” and an average target price of $71.33.
Republic Services (NYSE:RSG) last announced its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.02. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.47 billion. Republic Services had a net margin of 6.86% and a return on equity of 10.42%. Republic Services’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm posted $0.55 EPS.
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In other Republic Services news, EVP Catharine D. Ellingsen sold 14,250 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $66.02, for a total transaction of $940,785.00. Following the completion of the transaction, the executive vice president now directly owns 8,007 shares of the company’s stock, valued at approximately $528,622.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Donald W. Slager sold 22,608 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $66.05, for a total transaction of $1,493,258.40. Following the transaction, the insider now directly owns 246,617 shares of the company’s stock, valued at $16,289,052.85. The disclosure for this sale can be found here. Insiders have sold a total of 43,187 shares of company stock valued at $2,854,922 over the last three months. 0.40% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Capital Fund Management S.A. purchased a new position in Republic Services during the 2nd quarter worth approximately $12,536,000. Dearborn Partners LLC raised its position in Republic Services by 3.4% during the 2nd quarter. Dearborn Partners LLC now owns 451,059 shares of the business services provider’s stock worth $28,746,000 after buying an additional 14,701 shares during the last quarter. Dynamic Capital Management Ltd purchased a new position in Republic Services during the 1st quarter worth approximately $1,947,000. Meiji Yasuda Asset Management Co Ltd. raised its position in Republic Services by 1.4% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 47,622 shares of the business services provider’s stock worth $2,991,000 after buying an additional 680 shares during the last quarter. Finally, Swiss National Bank raised its position in Republic Services by 1.6% during the 2nd quarter. Swiss National Bank now owns 1,869,648 shares of the business services provider’s stock worth $119,153,000 after buying an additional 28,600 shares during the last quarter. 60.56% of the stock is owned by institutional investors.
About Republic Services
Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services. The Company’s segments include Group 1, Group 2 and Corporate entities. Its Group 1 and Group 2 segments provide integrated waste management services. Group 1 consists of geographic areas located in the western and portions of the mid-western United States.
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