BMO Capital Markets reiterated their buy rating on shares of Republic Services, Inc. (NYSE:RSG) in a research note published on Friday. The firm currently has a $72.00 target price on the business services provider’s stock.

Several other equities research analysts have also recently weighed in on RSG. Zacks Investment Research cut shares of Republic Services from a buy rating to a hold rating in a research note on Tuesday, July 4th. Stifel Nicolaus reiterated a buy rating and issued a $73.00 target price on shares of Republic Services in a research note on Wednesday, July 19th. Barclays PLC reiterated a neutral rating on shares of Republic Services in a research note on Friday, July 28th. Credit Suisse Group set a $69.00 target price on shares of Republic Services and gave the company a hold rating in a research note on Saturday, July 29th. Finally, BidaskClub cut shares of Republic Services from a hold rating to a sell rating in a research note on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. The company has an average rating of Hold and a consensus price target of $71.33.

Shares of Republic Services (NYSE RSG) traded down 0.60% during mid-day trading on Friday, reaching $62.95. The company’s stock had a trading volume of 145,754 shares. Republic Services has a 12 month low of $49.44 and a 12 month high of $67.18. The company has a 50 day moving average price of $65.36 and a 200 day moving average price of $64.13. The stock has a market capitalization of $21.20 billion, a P/E ratio of 32.32 and a beta of 0.60.

Republic Services (NYSE:RSG) last released its earnings results on Thursday, July 27th. The business services provider reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.02. Republic Services had a net margin of 6.86% and a return on equity of 10.42%. The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.47 billion. During the same quarter last year, the company earned $0.55 earnings per share. The firm’s revenue was up 7.5% on a year-over-year basis. On average, equities research analysts anticipate that Republic Services will post $2.38 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Republic Services, Inc. (RSG) Earns Buy Rating from BMO Capital Markets” was reported by Watch List News and is the property of of Watch List News. If you are reading this news story on another domain, it was illegally copied and republished in violation of United States and international trademark & copyright law. The correct version of this news story can be read at https://www.watchlistnews.com/republic-services-inc-rsg-earns-buy-rating-from-bmo-capital-markets/1634561.html.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be paid a dividend of $0.345 per share. This is a boost from Republic Services’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, September 29th. This represents a $1.38 dividend on an annualized basis and a yield of 2.18%. Republic Services’s dividend payout ratio (DPR) is currently 70.77%.

In other Republic Services news, insider Donald W. Slager sold 22,608 shares of the firm’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $66.05, for a total transaction of $1,493,258.40. Following the completion of the transaction, the insider now owns 246,617 shares in the company, valued at $16,289,052.85. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jeffrey A. Hughes sold 6,329 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $66.50, for a total transaction of $420,878.50. Following the transaction, the executive vice president now owns 428 shares of the company’s stock, valued at approximately $28,462. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,187 shares of company stock valued at $2,854,922. Corporate insiders own 0.40% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Intl Fcstone Inc. lifted its stake in Republic Services by 89.1% during the second quarter. Intl Fcstone Inc. now owns 23,131 shares of the business services provider’s stock worth $1,474,000 after purchasing an additional 10,900 shares during the period. Cetera Investment Advisers bought a new position in Republic Services during the second quarter worth about $211,000. Advisory Services Network LLC lifted its stake in Republic Services by 6.3% during the second quarter. Advisory Services Network LLC now owns 3,782 shares of the business services provider’s stock worth $241,000 after purchasing an additional 223 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Republic Services during the second quarter worth about $702,000. Finally, Tandem Investment Advisors Inc. lifted its stake in Republic Services by 18.2% during the second quarter. Tandem Investment Advisors Inc. now owns 179,631 shares of the business services provider’s stock worth $11,448,000 after purchasing an additional 27,666 shares during the period. Hedge funds and other institutional investors own 60.50% of the company’s stock.

Republic Services Company Profile

Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services. The Company’s segments include Group 1, Group 2 and Corporate entities. Its Group 1 and Group 2 segments provide integrated waste management services. Group 1 consists of geographic areas located in the western and portions of the mid-western United States.

Analyst Recommendations for Republic Services (NYSE:RSG)

Receive News & Ratings for Republic Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Republic Services Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.