Republic Services (NYSE:RSG) had its target price trimmed by BMO Capital Markets from $79.00 to $75.00 in a research note released on Friday. The brokerage currently has an outperform rating on the business services provider’s stock.

A number of other equities analysts also recently issued reports on RSG. Zacks Investment Research downgraded Republic Services from a hold rating to a sell rating in a report on Tuesday, July 3rd. ValuEngine raised Republic Services from a hold rating to a buy rating in a report on Thursday, August 2nd. Bank of America upped their price target on Republic Services from $70.00 to $79.00 and gave the company a buy rating in a report on Friday, August 17th. Stifel Nicolaus upped their price target on Republic Services from $73.00 to $78.00 and gave the company a buy rating in a report on Monday, September 10th. Finally, Oppenheimer reissued a hold rating on shares of Republic Services in a report on Friday. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Republic Services presently has an average rating of Hold and an average target price of $73.71.

Shares of RSG opened at $69.94 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.69 and a quick ratio of 0.69. The company has a market capitalization of $22.76 billion, a P/E ratio of 28.78, a price-to-earnings-growth ratio of 2.22 and a beta of 0.57. Republic Services has a 52-week low of $60.26 and a 52-week high of $75.82.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, October 25th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.01. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. Republic Services had a return on equity of 12.12% and a net margin of 13.90%. On average, sell-side analysts predict that Republic Services will post 3.06 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Wednesday, January 2nd will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Monday, December 31st. Republic Services’s payout ratio is currently 61.73%.

In other news, CEO Donald W. Slager sold 91,334 shares of the stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $73.04, for a total value of $6,671,035.36. Following the completion of the sale, the chief executive officer now directly owns 378,023 shares of the company’s stock, valued at $27,610,799.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Donald W. Slager sold 225,734 shares of the stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $73.02, for a total value of $16,483,096.68. Following the completion of the sale, the insider now directly owns 378,023 shares of the company’s stock, valued at $27,603,239.46. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. OLD National Bancorp IN raised its stake in shares of Republic Services by 3.4% during the third quarter. OLD National Bancorp IN now owns 23,190 shares of the business services provider’s stock worth $1,685,000 after purchasing an additional 761 shares during the last quarter. Sawtooth Solutions LLC purchased a new stake in shares of Republic Services during the third quarter worth approximately $538,000. First Trust Advisors LP raised its stake in shares of Republic Services by 1.5% during the third quarter. First Trust Advisors LP now owns 780,573 shares of the business services provider’s stock worth $56,716,000 after purchasing an additional 11,537 shares during the last quarter. Pillar Pacific Capital Management LLC purchased a new stake in shares of Republic Services during the third quarter worth approximately $203,000. Finally, Dearborn Partners LLC raised its stake in shares of Republic Services by 1.1% during the third quarter. Dearborn Partners LLC now owns 396,874 shares of the business services provider’s stock worth $28,837,000 after purchasing an additional 4,350 shares during the last quarter. 60.88% of the stock is owned by institutional investors and hedge funds.

Republic Services Company Profile

Republic Services, Inc, together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, disposal, and energy services for small-container, large-container, municipal and residential, and energy services customers in the United States and Puerto Rico. The company's collection services include curbside collection of waste for transport to transfer stations; supply of waste containers; and renting of compactors.

Featured Article: How to use beta for portfolio diversification

Analyst Recommendations for Republic Services (NYSE:RSG)

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