Republic Services, Inc. (NYSE:RSG) Receives $222.24 Consensus PT from Brokerages

Shares of Republic Services, Inc. (NYSE:RSG) have been given a consensus rating of “Moderate Buy” by the seventeen analysts that are presently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $224.38.

RSG has been the topic of a number of research analyst reports. BMO Capital Markets upgraded shares of Republic Services from a “market perform” rating to an “outperform” rating and raised their price target for the company from $211.00 to $238.00 in a research note on Friday, December 6th. Oppenheimer boosted their target price on shares of Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft raised Republic Services from a “hold” rating to a “buy” rating and raised their price objective for the company from $219.00 to $237.00 in a report on Tuesday, December 10th. Jefferies Financial Group upped their target price on Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Finally, Truist Financial boosted their price target on Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th.

Republic Services Stock Performance

NYSE:RSG opened at $220.85 on Thursday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $69.16 billion, a PE ratio of 35.34, a price-to-earnings-growth ratio of 3.17 and a beta of 0.74. Republic Services has a twelve month low of $171.06 and a twelve month high of $221.75. The stock’s 50-day simple moving average is $209.84 and its 200 day simple moving average is $205.94.

Insider Activity at Republic Services

In other news, Director Katharine Weymouth sold 1,859 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $215.27, for a total value of $400,186.93. Following the transaction, the director now directly owns 879 shares of the company’s stock, valued at $189,222.33. The trade was a 67.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total value of $1,065,011.42. Following the sale, the chief financial officer now directly owns 6,318 shares of the company’s stock, valued at $1,326,906.36. This represents a 44.53 % decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of RSG. FSA Wealth Management LLC bought a new position in shares of Republic Services during the 3rd quarter worth about $25,000. Arcadia Investment Management Corp MI boosted its holdings in Republic Services by 200.0% in the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock worth $27,000 after acquiring an additional 88 shares in the last quarter. Wolff Wiese Magana LLC increased its holdings in shares of Republic Services by 351.6% during the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 109 shares in the last quarter. Webster Bank N. A. acquired a new position in shares of Republic Services during the third quarter worth approximately $31,000. Finally, R Squared Ltd bought a new position in shares of Republic Services in the 4th quarter worth $32,000. 57.73% of the stock is owned by institutional investors.

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.