Following this sale, Weymouth retains ownership of 879 shares in Republic Services (NYSE:RSG). The transaction was executed directly by Weymouth, as indicated in the filing. Republic Services is a prominent player in the waste management industry, headquartered in Phoenix, Arizona. The company maintains a perfect Piotroski Score of 9, reflecting strong financial health, and has raised its dividend for 21 consecutive years. Get access to 12 more exclusive InvestingPro Tips and comprehensive analysis in our Pro Research Report. The company maintains a perfect Piotroski Score of 9, reflecting strong financial health, and has raised its dividend for 21 consecutive years. Get access to 12 more exclusive InvestingPro Tips and comprehensive analysis in our Pro Research Report.
Following this sale, Weymouth retains ownership of 879 shares in Republic Services. The transaction was executed directly by Weymouth, as indicated in the filing. Republic Services is a prominent player in the waste management industry, headquartered in Phoenix, Arizona.
In other recent news, Republic Services has been upgraded to Outperform by BMO (TSX:BMO) Capital, which also set a new price target of $238.00 for the waste management company. The company's strong performance, including a 34.7% total return over the past year, has been acknowledged and the firm anticipates a favorable trajectory leading into 2025. BMO Capital also commended Republic Services' strategic investments in electric vehicles and recycling processing capabilities.
TD (TSX:TD) Cowen, another analyst firm, has also increased its price target for Republic Services to $220, maintaining a Hold rating on the stock. This adjustment reflects the anticipation of a strong fourth quarter for the company, driven by increased waste volumes from hurricane-related cleanups and decreasing costs.
In the company's third quarter of 2024, Republic Services reported a 7% revenue growth and a 14% rise in adjusted EBITDA. The company also revealed plans to close over $200 million in acquisitions by year-end. These recent developments underscore Republic Services' resilience and strategic approach to sustained success in the waste management industry.
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