William Blair Initiates Coverage on Republic Services (NYSE:RSG)

Equities researchers at William Blair initiated coverage on shares of Republic Services (NYSE:RSG) in a research report issued on Thursday, Marketbeat reports. The firm set an “outperform” rating on the business services provider’s stock.

A number of other equities analysts have also weighed in on RSG. CIBC increased their price target on Republic Services from $196.00 to $208.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. StockNews.com lowered shares of Republic Services from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. BMO Capital Markets raised their price objective on shares of Republic Services from $209.00 to $211.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th. Truist Financial raised shares of Republic Services from a “hold” rating to a “buy” rating and boosted their target price for the company from $192.00 to $220.00 in a research note on Thursday, July 11th. Finally, Robert W. Baird raised their target price on Republic Services from $208.00 to $210.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Republic Services currently has an average rating of “Moderate Buy” and an average target price of $211.65.

Republic Services Stock Down 0.6 %

NYSE RSG opened at $200.67 on Thursday. Republic Services has a 12 month low of $141.80 and a 12 month high of $208.69. The company has a market capitalization of $63.20 billion, a P/E ratio of 35.21, a PEG ratio of 3.20 and a beta of 0.69. The company’s 50 day simple moving average is $202.55 and its 200 day simple moving average is $194.86. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.59 and a quick ratio of 0.59.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. The company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.03 billion. Republic Services had a return on equity of 17.81% and a net margin of 12.11%. Equities research analysts expect that Republic Services will post 6.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Tomago Collins sold 3,200 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $203.01, for a total transaction of $649,632.00. Following the transaction, the director now owns 17,486 shares in the company, valued at approximately $3,549,832.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.09% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. YHB Investment Advisors Inc. acquired a new stake in shares of Republic Services in the first quarter valued at about $29,000. EntryPoint Capital LLC acquired a new position in Republic Services in the 1st quarter valued at approximately $29,000. Jones Financial Companies Lllp lifted its position in shares of 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 worth $36,000 after acquiring an additional 211 shares during the period. Itau Unibanco Holding S.A. bought a new stake in shares of Republic Services during the second quarter valued at approximately $36,000. Finally, Indiana Trust & Investment Management CO bought a new position in Republic Services in the second quarter worth $45,000. Institutional investors and hedge funds 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.