Oppenheimer Trims Republic Services (NYSE:RSG) Target Price to $210.00

Republic Services (NYSE:RSG) had its price objective lowered by equities research analysts at Oppenheimer from $211.00 to $210.00 in a report released on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the business services provider’s stock. Oppenheimer’s target price indicates a potential upside of 5.06% from the company’s current price.

Several other brokerages have also recently issued reports on RSG. Robert W. Baird boosted their price objective on shares of Republic Services from $208.00 to $210.00 and gave the company a “neutral” rating in a research note on Thursday. StockNews.com cut shares of Republic Services from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. UBS Group boosted their target price on shares of 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 boosted their target price on shares of Republic Services from $209.00 to $230.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Finally, Truist Financial upgraded shares of Republic Services from a “hold” rating to a “buy” rating and boosted their target price for the stock from $192.00 to $220.00 in a research report on Thursday, July 11th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $209.71.

Republic Services Stock Up 0.1 %

RSG stock traded up $0.22 during midday trading on Thursday, reaching $199.89. 137,369 shares of the company were exchanged, compared to its average volume of 1,192,568. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.53 and a current ratio of 0.53. Republic Services has a 1-year low of $140.23 and a 1-year high of $206.54. The stock’s 50-day simple moving average is $192.17 and its 200 day simple moving average is $185.65. The company has a market cap of $62.95 billion, a price-to-earnings ratio of 35.10, a price-to-earnings-growth ratio of 3.37 and a beta of 0.69.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. The company had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $4.03 billion. Republic Services had a net margin of 11.81% and a return on equity of 17.56%. On average, equities analysts forecast that Republic Services will post 6.05 earnings per share for the current year.

Insider Transactions at Republic Services

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Republic Services by 0.6% in the first quarter. Vanguard Group Inc. now owns 18,254,878 shares of the business services provider’s stock valued at $3,494,714,000 after buying an additional 101,518 shares during the period. Capital World Investors grew its position in Republic Services by 20.5% in the first quarter. Capital World Investors now owns 7,909,008 shares of the business services provider’s stock valued at $1,514,100,000 after acquiring an additional 1,346,588 shares in the last quarter. Norges Bank acquired a new stake in Republic Services in the fourth quarter valued at approximately $358,837,000. TD Asset Management Inc grew its position in Republic Services by 424.7% in the first quarter. TD Asset Management Inc now owns 1,722,107 shares of the business services provider’s stock valued at $329,680,000 after acquiring an additional 1,393,918 shares in the last quarter. Finally, Earnest Partners LLC grew its position in Republic Services by 16.9% in the first quarter. Earnest Partners LLC now owns 1,262,519 shares of the business services provider’s stock valued at $241,697,000 after acquiring an additional 182,645 shares in the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

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.