Republic Services (NYSE:RSG) Now Covered by Wolfe Research

Stock analysts at Wolfe Research started coverage on shares of Republic Services (NYSE:RSG) in a research report issued on Friday, Marketbeat reports. The brokerage set a “peer perform” rating on the business services provider’s stock.

Other equities research analysts have also recently issued reports about the company. Citigroup lifted their target price on Republic Services from $244.00 to $253.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Sanford C. Bernstein raised their price objective on shares of Republic Services from $205.00 to $220.00 and gave the stock a “market perform” rating in a report on Monday, January 5th. BMO Capital Markets lowered their price objective on shares of Republic Services from $251.00 to $248.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 18th. Scotiabank reduced their target price on shares of Republic Services from $246.00 to $242.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 21st. Finally, Oppenheimer decreased their price target on shares of Republic Services from $256.00 to $255.00 and set an “outperform” rating for the company in a research note on Friday, January 23rd. Thirteen equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $245.70.

Republic Services Stock Performance

Shares of Republic Services stock traded down $0.99 during mid-day trading on Friday, hitting $224.79. 212,805 shares of the stock were exchanged, compared to its average volume of 1,406,574. Republic Services has a 12 month low of $201.42 and a 12 month high of $258.75. The company has a 50-day simple moving average of $219.09 and a 200 day simple moving average of $219.29. The company has a market capitalization of $69.42 billion, a P/E ratio of 32.87, a P/E/G ratio of 3.70 and a beta of 0.54. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.64 and a current ratio of 0.64.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Tuesday, February 17th. The business services provider reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.14. The company had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.21 billion. Republic Services had a return on equity of 18.44% and a net margin of 12.90%.Republic Services’s revenue was up 2.2% on a year-over-year basis. During the same period last year, the business posted $1.58 earnings per share. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. Sell-side analysts anticipate that Republic Services will post 6.86 earnings per share for the current fiscal year.

Institutional Trading of Republic Services

A number of institutional investors have recently added to or reduced their stakes in RSG. Bowen Hanes & Co. Inc. raised its position in shares of Republic Services by 7.3% in the second quarter. Bowen Hanes & Co. Inc. now owns 254,540 shares of the business services provider’s stock worth $62,772,000 after buying an additional 17,280 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in Republic Services by 32.9% during the third quarter. Oregon Public Employees Retirement Fund now owns 23,211 shares of the business services provider’s stock worth $5,326,000 after buying an additional 5,740 shares in the last quarter. National Pension Service increased its stake in Republic Services by 1.2% in the 3rd quarter. National Pension Service now owns 758,644 shares of the business services provider’s stock worth $174,094,000 after acquiring an additional 9,041 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of Republic Services by 7,683.2% in the 3rd quarter. Bessemer Group Inc. now owns 739,792 shares of the business services provider’s stock valued at $169,768,000 after acquiring an additional 730,287 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Republic Services by 60.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 12,665 shares of the business services provider’s stock valued at $2,906,000 after acquiring an additional 4,750 shares during the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

About Republic Services

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.