Republic Services (NYSE:RSG) Downgraded to “Buy” at StockNews.com

Republic Services (NYSE:RSG) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Wednesday.

Several other equities research analysts also recently weighed in on RSG. Oppenheimer increased their target price on shares of Republic Services from $204.00 to $211.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Royal Bank of Canada began coverage on Republic Services in a research note on Monday, April 8th. They issued a “sector perform” rating and a $198.00 target price on the stock. The Goldman Sachs Group upped their price target on Republic Services from $209.00 to $230.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft started coverage on shares of Republic Services in a research report on Thursday, May 23rd. They issued a “hold” rating and a $203.00 price objective on the stock. Finally, UBS Group upped their price objective 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. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Republic Services has an average rating of “Moderate Buy” and an average target price of $211.69.

Republic Services Stock Down 5.2 %

RSG stock opened at $189.34 on Wednesday. The stock has a market cap of $59.63 billion, a P/E ratio of 33.22, a PEG ratio of 3.37 and a beta of 0.69. Republic Services has a twelve month low of $140.23 and a twelve month high of $206.54. The company’s 50 day moving average is $192.20 and its two-hundred day moving average is $185.67. 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 announced its earnings results on Tuesday, April 30th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.10. The business had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.89 billion. Republic Services had a net margin of 11.81% and a return on equity of 17.56%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the firm posted $1.24 earnings per share. Research analysts expect that Republic Services will post 6.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Institutional Trading of Republic Services

Institutional investors and hedge funds have recently modified their holdings of the business. YHB Investment Advisors Inc. acquired a new stake in Republic Services during the first quarter worth about $29,000. EntryPoint Capital LLC acquired a new position in Republic Services during the 1st quarter valued at about $29,000. Bogart Wealth LLC acquired a new position in shares of Republic Services during the fourth quarter worth approximately $30,000. Turtle Creek Wealth Advisors LLC bought a new stake in Republic Services during the 4th quarter valued at $34,000. Finally, Jones Financial Companies Lllp increased its holdings in shares of Republic Services by 3,014.3% during the fourth quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 211 shares during the period. 57.73% of the stock is owned by institutional investors and hedge funds.

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.