Oppenheimer Increases Republic Services (NYSE:RSG) Price Target to $211.00

Republic Services (NYSE:RSG) had its price objective boosted by Oppenheimer from $204.00 to $211.00 in a research report report published on Monday, Benzinga reports. Oppenheimer currently has an outperform rating on the business services provider’s stock.

A number of other research firms have also recently weighed in on RSG. Deutsche Bank Aktiengesellschaft started coverage on shares of Republic Services in a research note on Thursday, May 23rd. They issued a hold rating and a $203.00 target price on the stock. UBS Group raised their target price on Republic Services from $195.00 to $200.00 and gave the stock a neutral rating in a research report on Wednesday, May 1st. The Goldman Sachs Group upped their price target on Republic Services from $209.00 to $230.00 and gave the company a buy rating in a research report on Tuesday, April 16th. Jefferies Financial Group lifted their price objective on Republic Services from $213.00 to $225.00 and gave the company a buy rating in a report on Monday, March 18th. Finally, Royal Bank of Canada assumed coverage on shares of Republic Services in a report on Monday, April 8th. They issued a sector perform rating and a $198.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Republic Services currently has a consensus rating of Moderate Buy and a consensus price target of $203.64.

Republic Services Price Performance

Shares of RSG stock opened at $205.45 on Monday. Republic Services has a 12 month low of $140.23 and a 12 month high of $206.48. The company has a market capitalization of $64.70 billion, a P/E ratio of 36.04, a P/E/G ratio of 3.38 and a beta of 0.69. The stock has a 50 day moving average of $190.73 and a two-hundred day moving average of $184.32. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.05.

Republic Services (NYSE:RSG) last issued its earnings results on Tuesday, April 30th. The business services provider reported $1.45 EPS for the quarter, topping the consensus estimate of $1.35 by $0.10. The firm had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.89 billion. Republic Services had a return on equity of 17.56% and a net margin of 11.81%. Republic Services’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the business earned $1.24 earnings per share. As a group, equities analysts expect that Republic Services will post 6.05 EPS for the current year.

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Tuesday, July 2nd were issued a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Tuesday, July 2nd. Republic Services’s dividend payout ratio is currently 37.54%.

Insiders Place Their Bets

In other news, Director Katharine Weymouth bought 540 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was bought at an average price of $185.26 per share, for a total transaction of $100,040.40. Following the completion of the transaction, the director now directly owns 540 shares in the company, valued at approximately $100,040.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Republic Services news, CMO Amanda Hodges sold 6,500 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $186.02, for a total value of $1,209,130.00. Following the transaction, the chief marketing officer now directly owns 6,831 shares of the company’s stock, valued at $1,270,702.62. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Katharine Weymouth bought 540 shares of the company’s stock in a transaction on Tuesday, June 4th. The shares were acquired at an average price of $185.26 per share, with a total value of $100,040.40. Following the transaction, the director now directly owns 540 shares in the company, valued at approximately $100,040.40. The disclosure for this purchase can be found here. Company insiders own 0.09% of the company’s stock.

Institutional Investors Weigh In On Republic Services

A number of institutional investors have recently made changes to their positions in RSG. YHB Investment Advisors Inc. acquired a new stake in Republic Services in the first quarter worth $29,000. EntryPoint Capital LLC bought a new stake in Republic Services during the first quarter worth $29,000. Bogart Wealth LLC acquired a new position in Republic Services during the fourth quarter worth approximately $30,000. Turtle Creek Wealth Advisors LLC bought a new position in Republic Services during the fourth quarter worth $34,000. Finally, Jones Financial Companies Lllp grew its stake in Republic Services by 3,014.3% in the 4th quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider’s stock valued at $36,000 after buying an additional 211 shares during the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

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.