Republic Services (NYSE:RSG) Price Target Raised to $240.00 at UBS Group

Republic Services (NYSE:RSG) had its price target boosted by UBS Group from $225.00 to $240.00 in a research report released on Thursday,Benzinga reports. The firm currently has a neutral rating on the business services provider’s stock.

A number of other equities analysts have also recently issued reports on the company. Wells Fargo & Company initiated coverage on Republic Services in a report on Thursday, November 13th. They set an “overweight” rating and a $238.00 price target on the stock. Oppenheimer dropped their target price on shares of Republic Services from $256.00 to $255.00 and set an “outperform” rating on the stock in a research report on Friday, January 23rd. Barclays set a $227.00 price target on shares of Republic Services in a report on Monday, February 23rd. The Goldman Sachs Group initiated coverage on shares of Republic Services in a report on Monday, November 24th. They set a “buy” rating and a $255.00 price objective on the stock. Finally, BMO Capital Markets reduced their target price on Republic Services from $251.00 to $248.00 and set an “outperform” rating for the company in a research note on Wednesday, February 18th. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $245.70.

Republic Services Price Performance

RSG stock opened at $231.63 on Thursday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.08. The company’s fifty day simple moving average is $217.73 and its 200 day simple moving average is $219.55. Republic Services has a 12-month low of $201.42 and a 12-month high of $258.75. The firm has a market cap of $71.53 billion, a price-to-earnings ratio of 33.81, a PEG ratio of 3.82 and a beta of 0.54.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Tuesday, February 17th. The business services provider reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.14. Republic Services had a return on equity of 18.44% and a net margin of 12.90%.The firm had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same period last year, the company posted $1.58 EPS. The business’s quarterly revenue was up 2.2% on a year-over-year basis. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. On average, analysts expect that Republic Services will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Thursday, April 2nd will be given a dividend of $0.625 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $2.50 annualized dividend and a dividend yield of 1.1%. Republic Services’s payout ratio is presently 36.50%.

Insider Buying and Selling at Republic Services

In other Republic Services news, Director Katharine Weymouth purchased 478 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The shares were acquired at an average price of $209.46 per share, with a total value of $100,121.88. Following the transaction, the director owned 5,740 shares in the company, valued at $1,202,300.40. The trade was a 9.08% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Bowen Hanes & Co. Inc. increased its position in shares of Republic Services by 7.3% during the 2nd quarter. Bowen Hanes & Co. Inc. now owns 254,540 shares of the business services provider’s stock valued at $62,772,000 after purchasing an additional 17,280 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in Republic Services by 32.9% during the third quarter. Oregon Public Employees Retirement Fund now owns 23,211 shares of the business services provider’s stock valued at $5,326,000 after buying an additional 5,740 shares during the period. National Pension Service increased its holdings in Republic Services by 1.2% during the third quarter. National Pension Service now owns 758,644 shares of the business services provider’s stock worth $174,094,000 after buying an additional 9,041 shares during the last quarter. Bessemer Group Inc. raised its position in Republic Services by 7,683.2% in the third quarter. Bessemer Group Inc. now owns 739,792 shares of the business services provider’s stock worth $169,768,000 after acquiring an additional 730,287 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in Republic Services by 60.0% in the third quarter. Farther Finance Advisors LLC now owns 12,665 shares of the business services provider’s stock valued at $2,906,000 after acquiring an additional 4,750 shares during the last quarter. Institutional investors own 57.73% of the company’s stock.

Republic Services Company Profile

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.