Robert W. Baird Cuts Republic Services (NYSE:RSG) Price Target to $240.00

Republic Services (NYSE:RSG) had its target price trimmed by Robert W. Baird from $242.00 to $240.00 in a research report sent to investors on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the business services provider’s stock.

Other equities research analysts also recently issued reports about the stock. Oppenheimer lowered their price target on shares of Republic Services from $256.00 to $255.00 and set an “outperform” rating for the company in a report on Friday, January 23rd. Morgan Stanley decreased their target price on shares of Republic Services from $230.00 to $225.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 18th. Scotiabank lowered 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 note on Wednesday, January 21st. Wells Fargo & Company increased their price target on Republic Services from $238.00 to $252.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 18th. Finally, Bank of America decreased their price objective on Republic Services from $271.00 to $241.00 and set a “buy” rating on the stock in a report on Monday, December 22nd. Thirteen analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, Republic Services has a consensus rating of “Moderate Buy” and an average price target of $247.00.

Republic Services Stock Performance

Republic Services stock opened at $207.70 on Thursday. Republic Services has a fifty-two week low of $201.42 and a fifty-two week high of $258.75. The company has a market capitalization of $64.17 billion, a price-to-earnings ratio of 30.32, a PEG ratio of 3.48 and a beta of 0.53. The stock has a fifty day moving average of $221.28 and a two-hundred day moving average of $217.06. 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 posted its quarterly earnings data 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. Republic Services had a return on equity of 18.44% and a net margin of 12.90%.The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same quarter last year, the company earned $1.58 earnings per share. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. On average, analysts anticipate that Republic Services will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Thursday, April 2nd were issued a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, April 2nd. Republic Services’s dividend payout ratio (DPR) is 36.79%.

Institutional Trading of Republic Services

Institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank purchased a new stake in Republic Services during the fourth quarter valued at about $617,165,000. Capital World Investors raised its holdings in shares of Republic Services by 27.7% in the 4th quarter. Capital World Investors now owns 8,765,623 shares of the business services provider’s stock worth $1,857,698,000 after purchasing an additional 1,899,183 shares during the period. Morgan Stanley lifted its stake in shares of Republic Services by 38.6% in the 4th quarter. Morgan Stanley now owns 5,348,501 shares of the business services provider’s stock valued at $1,133,509,000 after purchasing an additional 1,490,719 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Republic Services by 18.9% during the 4th quarter. Wellington Management Group LLP now owns 5,070,130 shares of the business services provider’s stock worth $1,074,513,000 after purchasing an additional 807,525 shares during the period. Finally, Bessemer Group Inc. grew its holdings in shares of Republic Services by 7,683.2% during the 3rd quarter. Bessemer Group Inc. now owns 739,792 shares of the business services provider’s stock worth $169,768,000 after purchasing an additional 730,287 shares during the period. 57.73% of the stock is currently owned by institutional investors and hedge funds.

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.