Several notable developments have occurred recently regarding Republic Services, Inc. (NYSE: RSG), the second-largest provider of non-hazardous solid waste collection, transfer, disposal, recycling, and energy services in the U.S. The company reported robust first-quarter 2024 results and accomplished an 8 percent revenue growth. This favourable performance indicates increased momentum and stability for the organization.
Recently, Quadrature Capital Ltd and Epoch Investment Partners Inc significantly decreased their respective stock holdings in Republic Services. Yet, EntryPoint Capital LLC showed faith by investing $29,000 in the company's stocks. Amid this, the firm's stock has risen by 44% within a year, raising interest amongst investors.
The company has been recognised for its excellence with its employees receiving the best industry awards and the firm being named as one of the world's most ethical companies. Its new state-of-the-art recycling center in Phoenix and innovative Polymer Center have been identified as pivotal game changers, thus emphasizing its commitment to sustainable practices.
However, the shares underwent some fluctuations with multiple instances of price target revisions. Despite the volatility, the general consensus from brokerages remains a 'moderate buy'
Republic Services RSG News Analytics from Mon, 20 Feb 2023 08:00:00 GMT to Tue, 30 Jul 2024 12:40:13 GMT - Rating 2 - Innovation 10 - Information 8 - Rumor 4
