Republic Services Inc. (RSG)
Republic Services: Potential For Margin Improvement With A Differentiated Strategy
Republic Services is a leading waste services provider in North America with a dominant presence in the industry. My investment thesis revolves around a potential for margin expansion, technology investments, and a differentiated strategy given the company's focus on creating a circular economy for plastics. Republic Services has a balanced approach to capital allocation, including buybacks, dividends, M&A, and organic investments.
Republic Services (RSG) Stock Gains 32% in a Year: Here's Why
Republic Services (RSG) gains from increasing environmental concerns, rapid industrialization and government measures to reduce illegal dumping.
Republic Services, Inc. (RSG) Soars to 52-Week High, Time to Cash Out?
Republic Services (RSG) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
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CNG Vehicles Aid Republic Services (RSG) Amid Low Liquidity
Republic Services (RSG) is focused on enhancing its operational efficiency by shifting to collection vehicles that run on CNG.
Why Republic Services (RSG) is a Top Growth Stock for the Long-Term
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Why Is Republic Services (RSG) Down 2.4% Since Last Earnings Report?
Republic Services (RSG) reported earnings 30 days ago. What's next for the stock?
Here's Why Republic Services (RSG) is a Strong Growth Stock
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Meridian Wealth Management LLC Makes New Investment in Republic Services, Inc. (NYSE:RSG)
Meridian Wealth Management LLC purchased a new stake in shares of Republic Services, Inc. (NYSE:RSG – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,292 shares of the business services provider’s stock, valued at approximately $213,000. Several other large investors have also recently bought and sold shares of RSG. Bogart Wealth LLC purchased a new stake in shares of Republic Services in the fourth quarter worth approximately $30,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Republic Services in the 4th quarter worth approximately $34,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Republic Services during the 3rd quarter valued at $36,000. BKM Wealth Management LLC purchased a new position in shares of Republic Services during the 4th quarter valued at $37,000. Finally, Asset Dedication LLC raised its holdings in shares of Republic Services by 48.1% during the third quarter. Asset Dedication LLC now owns 277 shares of the business services provider’s stock worth $40,000 after acquiring an additional 90 shares in the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds. Wall Street Analyst Weigh In A number of equities research analysts have recently weighed in on RSG shares. Truist Financial raised their price target on Republic Services from $175.00 to $192.00 and gave the stock a “hold” rating in a research note on Wednesday, February 28th. UBS Group boosted their target price on shares of Republic Services from $195.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Morgan Stanley lowered shares of Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 price objective for the company. in a research note on Friday, March 15th. Royal Bank of Canada started coverage on shares of Republic Services in a research report on Monday, April 8th. They set a “sector perform” rating and a $198.00 target price on the stock. Finally, Scotiabank boosted their price target on Republic Services from $211.00 to $213.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 1st. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $201.00. View Our Latest Stock Analysis on RSG Insiders Place Their Bets In related news, CEO Ark Jon Vander sold 5,446 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $184.10, for a total value of $1,002,608.60. Following the completion of the transaction, the chief executive officer now directly owns 85,113 shares in the company, valued at $15,669,303.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Ark Jon Vander sold 5,446 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $184.10, for a total value of $1,002,608.60. Following the completion of the transaction, the chief executive officer now owns 85,113 shares of the company’s stock, valued at $15,669,303.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Amanda Hodges sold 6,500 shares of Republic Services stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $186.02, for a total value of $1,209,130.00. Following the sale, the chief marketing officer now directly owns 6,831 shares in the company, valued at $1,270,702.62. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock. Republic Services Stock Up 0.2 % RSG opened at $188.16 on Monday. The business has a 50 day moving average of $188.72 and a 200-day moving average of $175.21. The stock has a market capitalization of $59.26 billion, a price-to-earnings ratio of 33.01, a P/E/G ratio of 3.03 and a beta of 0.67. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.05. Republic Services, Inc. has a 1-year low of $140.07 and a 1-year high of $196.76. Republic Services (NYSE:RSG – Get Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.10. The company had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.89 billion. Republic Services had a net margin of 11.81% and a return on equity of 17.56%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the business posted $1.24 EPS. As a group, sell-side analysts anticipate that Republic Services, Inc. will post 6.05 earnings per share for the current year. Republic Services Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be issued a $0.535 dividend. The ex-dividend date is Tuesday, July 2nd. This represents a $2.14 annualized dividend and a yield of 1.14%. Republic Services’s dividend payout ratio (DPR) is 37.54%. About Republic Services (Free Report) Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.
Reasons Why You Should Retain Republic Services (RSG) Stock
Republic Services (RSG) is focused on increasing its operational efficiency and reducing fleet operating costs by shifting to compressed natural gas collection vehicles.
