UBS Group started coverage on shares of Republic Services (NYSE:RSG) in a research report issued to clients and investors on Wednesday, The Fly reports. The firm set a “buy” rating on the business services provider’s stock.
Several other equities analysts have also issued reports on RSG. Credit Suisse Group decreased their price objective on Republic Services from $67.00 to $64.00 and set a “neutral” rating for the company in a research report on Monday, February 12th. BMO Capital Markets decreased their price objective on Republic Services from $74.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, February 9th. Zacks Investment Research lowered Republic Services from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Stifel Nicolaus upgraded Republic Services from a “hold” rating to a “buy” rating and boosted their price objective for the company from $70.00 to $73.00 in a research report on Thursday, January 4th. Finally, Bank of America boosted their price objective on Republic Services from $70.00 to $73.00 and gave the company a “buy” rating in a research report on Monday, February 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $68.57.
Republic Services (NYSE:RSG) traded down $0.55 during trading on Wednesday, hitting $68.45. The stock had a trading volume of 1,966,226 shares, compared to its average volume of 1,845,990. The firm has a market cap of $22,804.05, a price-to-earnings ratio of 18.06, a P/E/G ratio of 2.18 and a beta of 0.55. Republic Services has a 52 week low of $60.26 and a 52 week high of $69.40. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.55 and a quick ratio of 0.55.
In other Republic Services news, Director Tomago Collins sold 4,500 shares of the business’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $67.95, for a total value of $305,775.00. Following the sale, the director now owns 13,441 shares in the company, valued at approximately $913,315.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ramon A. Rodriguez sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $66.27, for a total value of $265,080.00. Following the completion of the sale, the director now owns 4,118 shares in the company, valued at approximately $272,899.86. The disclosure for this sale can be found here. Insiders sold a total of 23,128 shares of company stock worth $1,553,897 in the last 90 days. Company insiders own 0.40% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. SeaCrest Wealth Management LLC bought a new stake in shares of Republic Services during the 4th quarter worth approximately $121,000. Benjamin F. Edwards & Company Inc. raised its stake in shares of Republic Services by 507.7% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,823 shares of the business services provider’s stock worth $123,000 after purchasing an additional 1,523 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Republic Services by 1,070.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,937 shares of the business services provider’s stock valued at $199,000 after acquiring an additional 2,686 shares during the period. Focused Wealth Management Inc bought a new stake in Republic Services in the 4th quarter valued at $199,000. Finally, Welch & Forbes LLC bought a new stake in Republic Services in the 4th quarter valued at $201,000. Institutional investors own 61.11% of the company’s stock.
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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.
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