Why Republic Services Inc. (RSG) Should Be On Your Radar Moving Forward

The stock of Republic Services Inc. (NYSE:RSG) last traded at $130.75, up 1.04% from the previous session.

Data from the available sources indicates that Republic Services Inc. (NYSE:RSG) is covered by 17 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $173.00 and a low of $139.00, we find $150.00. Given the previous closing price of $129.41, this indicates a potential upside of 15.91 percent. RSG stock price is now -2.18% away from the 50-day moving average and -2.92% away from the 200-day moving average. The market capitalization of the company currently stands at $40.90B.

In total, 5 analysts have assigned it a hold rating, and 9 have given it a buy rating. Brokers who have rated the stock have averaged $153.29 as their price target over the next twelve months.

With the price target reduced from $152 to $148, BMO Capital Markets Downgraded its rating from Outperform to Market Perform for Republic Services Inc. (NYSE: RSG). , while ‘Deutsche Bank’ rates the stock as ‘Buy’.

In other news, Vander Ark Jon, CEO and President sold 14,100 shares of the company’s stock on Aug 08. The stock was sold for $2,009,080 at an average price of $142.49. Upon completion of the transaction, the CEO and President now directly owns 59,619 shares in the company, valued at $7.8 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 07, COO Stuart Timothy E sold 15,000 shares of the business’s stock. A total of $2,027,805 was realized by selling the stock at an average price of $135.19. This leaves the insider owning 19,675 shares of the company worth $2.57 million. Insiders disposed of 124,782 shares of company stock worth roughly $16.32 million over the past 1 year. A total of 0.12% of the company’s stock is owned by insiders.

There have been several recent changes in the stakes of large investors in RSG stock. A new stake in Republic Services Inc. shares was purchased by ABEILLE ASSET MANAGEMENT SA during the first quarter worth $23,655,000. QUBE RESEARCH & TECHNOLOGIES LTD invested $22,911,000 in shares of RSG during the first quarter. In the first quarter, SKYE GLOBAL MANAGEMENT LP acquired a new stake in Republic Services Inc. valued at approximately $12,029,000. BROOKFIELD CORP /ON/ acquired a new stake in RSG for approximately $11,646,000. AMALGAMATED FINANCIAL CORP. purchased a new stake in RSG valued at around $7,298,000 in the second quarter. In total, there are 1,274 active investors with 95.80% ownership of the company’s stock.

With an opening price of $130.14 on Thursday morning, Republic Services Inc. (NYSE: RSG) set off the trading day. During the past 12 months, Republic Services Inc. has had a low of $113.57 and a high of $149.17. As of last week, the company has a debt-to-equity ratio of 1.23, a current ratio of 0.70, and a quick ratio of 0.70. The fifty day moving average price for RSG is $133.66 and a two-hundred day moving average price translates $134.68 for the stock.

The latest earnings results from Republic Services Inc. (NYSE: RSG) was released for Jun, 2022. According to the Waste Management Company, earnings per share came in at $1.34, beating analysts’ expectations of $1.22 by 0.12. This compares to $1.10 EPS in the same period last year. The net profit margin was 11.20% and return on equity was 15.90% for RSG. The company reported revenue of $3.6 billion for the quarter, compared to $2.93 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.63 percent. For the current quarter, analysts expect RSG to generate $3.47B in revenue.

Moreover, the firm recently paid out its quarterly dividend on 01/13/2023. Investors who held shares on 01/03/2023 were paid a $0.495 dividend. On an annualized basis, this represents a $1.98 dividend and a 1.51% percent yield. There was an ex-dividend date of 12/30/2022 for this dividend. In terms of dividend payout ratio, RSG is presently at 40.90%.

Republic Services Inc.(RSG) Company Profile

Republic Services, Inc., together with its subsidiaries, offers environmental services in the United States. The company offers collection and processing of recyclable materials, collection, transfer and disposal of non-hazardous solid waste, and other environmental solutions. Its collection services include curbside collection of material for transport to transfer stations, landfills, or recycling processing centers; supply of recycling and waste containers; and renting of compactors. In addition, the company engages in the processing and sale of old corrugated containers, old newsprint, aluminum, glass, and other materials; and provision of landfill and transfer services. Further, it offers disposal of non-hazardous solid and liquid material and in-plant services, such as transportation and logistics. It serves small-container, large-container, and residential customers. As of December 31, 2021, the company operated through 356 collection operations, 239 transfer stations, 198 active landfills, 71 recycling processing centers, 6 saltwater disposal wells, and 7 deep injection wells, as well as 3 treatment, recovery, and disposal facilities in 41 states. It also operated 77 landfill gas-to-energy and renewable energy projects and had 124 closed landfills. The company was incorporated in 1996 and is based in Phoenix, Arizona.