UBS Downgrades Republic Services (NYSE:RSG) to Market Perform

Republic Services (NYSE:RSG) was downgraded by analysts at UBS from an “outperform” rating to a “market perform” rating in a report issued on Wednesday, April 11th, The Fly reports.

Several other research analysts also recently commented on the company. Zacks Investment Research upgraded Republic Services from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a research note on Monday, January 22nd. Bank of America lifted their price target on Republic Services from $70.00 to $73.00 and gave the company a “buy” rating in a research report on Monday, February 5th. Credit Suisse Group dropped their price target 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 on the stock in a report on Friday, February 9th. Finally, Stifel Nicolaus raised Republic Services from a “hold” rating to a “buy” rating and raised their price objective for the company from $70.00 to $73.00 in a report on Thursday, January 4th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $70.50.

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NYSE RSG opened at $65.96 on Wednesday. Republic Services has a 12 month low of $60.26 and a 12 month high of $69.40. The firm has a market capitalization of $21,843.53, a P/E ratio of 27.14, a P/E/G ratio of 2.11 and a beta of 0.54. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.94.

Republic Services (NYSE:RSG) last announced its earnings results on Thursday, February 8th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.04. Republic Services had a return on equity of 10.61% and a net margin of 12.73%. The firm had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period last year, the firm posted $0.57 EPS. The business’s revenue was up 7.6% compared to the same quarter last year. equities analysts expect that Republic Services will post 3.06 EPS for the current year.

In other news, CAO Brian A. Goebel sold 1,220 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $68.06, for a total value of $83,033.20. Following the completion of the transaction, the chief accounting officer now owns 7,406 shares of the company’s stock, valued at $504,052.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Ark Jon Vander sold 9,236 shares of the stock in a transaction that occurred on Wednesday, March 21st. The shares were sold at an average price of $68.45, for a total value of $632,204.20. Following the transaction, the chief operating officer now directly owns 12,011 shares of the company’s stock, valued at $822,152.95. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,074 shares of company stock valued at $1,826,914. Company insiders own 0.30% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Chemical Bank bought a new stake in shares of Republic Services in the 4th quarter valued at approximately $346,000. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Republic Services by 25.8% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 5,361 shares of the business services provider’s stock worth $362,000 after buying an additional 1,101 shares during the period. Xact Kapitalforvaltning AB raised its holdings in shares of Republic Services by 10.1% in the fourth quarter. Xact Kapitalforvaltning AB now owns 22,218 shares of the business services provider’s stock worth $1,502,000 after buying an additional 2,042 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Republic Services by 6.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 302,185 shares of the business services provider’s stock worth $20,430,000 after buying an additional 17,735 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Republic Services by 0.7% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 178,873 shares of the business services provider’s stock worth $12,094,000 after buying an additional 1,313 shares during the period. 60.99% of the stock is owned by institutional investors and hedge funds.

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About Republic Services

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.

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