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Republic Servs

Republic Services is the second-largest integrated provider of traditional solid waste services in the United States, operating roughly 207 active landfills and 246 transfer stations. The company serves residential, commercial, and industrial end markets. It also runs a sizable recycling operation in North America.

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	Wells Fargo cut the price target on  Lyft, Inc. (NASDAQ: LYFT) from $49 to $42. However, Wells Fargo analyst Brian Fitzgerald maintained the stock with an Overweight. Lyft shares rose 0.6% to $20.41 in pre-market trading.


This Analyst Lowers Price Target On Lyft; Also Check Out Some Other Major PT Changes

On Thursday, shares of Republic Services, Inc. (NYSE: RSG) experienced volatile short activity. After the activity, the stock price went up +3.25% to $137.26.

The overall sentiment for RSG has been Neutral.

Short Volatility Alert: Republic Services, Inc.

On Thursday, shares of Republic Services, Inc. (NYSE: RSG) experienced volatile short activity. After the activity, the stock price went up +0.86% to $130.87.

The overall sentiment for RSG has been Neutral.

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SusGlobal Says It Converts Waste To Fertilizer To Help Make The Planet Greener

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Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) has outperformed the market over the past 20 years by 4.07% on an annualized basis producing an average annual return of 12.25%. Currently, Republic Servs has a market capitalization of $61.29 billion. 
Buying $100 In RSG: If an investor had bought $100 of RSG stock 20 years ago, it would be worth $1,001.42 today based on a price of $194.61 for RSG at the time of writing.
<h3>Republic Servs's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1719329441_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Republic Servs Stock In The Last 20 Years

<ul>
<li>Lightning Renewables joint venture targets bringing approximately 40 landfill gas-to-renewable natural gas plants online in coming years.</li>
<li>Fort Wayne plant is the largest Archaea Modular Design in Indiana, processing up to 6,400 standard cubic feet of landfill gas per minute (scfm), enough energy to heat more than 25,000 homes, according to the EPA Landfill Gas Energy Benefits calculator.</li>
</ul>

Archaea Energy And Republic Services Celebrate Renewable Natural Gas Plant In Lightning Renewables JV

Republic Servs's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) short percent of float has fallen 5.88% since its last report. The company recently reported that it has 2.62 million shares sold short, which is 1.28% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.02 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Republic Servs Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1718135118_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Republic Servs has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Republic Servs's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Republic Servs's peer group average for short interest as a percentage of float is 2.66%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Peering Into Republic Servs's Recent Short Interest

On June 6, Katharine Weymouth, Board Member at Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) executed a significant insider buy, as disclosed in the latest SEC filing.
What Happened: Weymouth demonstrated confidence in Republic Servs by purchasing 540 shares, as reported in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001060391/000106039124000224//Archives/edgar/data/1060391/000106039124000224/0001060391-24-000224-index.htm">U.S. Securities and Exchange Commission</a> on Thursday. The total value of the transaction is $100,040.
The latest update on Friday morning shows Republic Servs shares up by 0.38%, trading at $187.78.
<h3>About Republic Servs</h3>
Republic Services is the second-largest integrated provider of traditional solid waste services in the United States, operating roughly 207 active landfills and 246 transfer stations. The company serves residential, commercial, and industrial end markets. It also runs a sizable recycling operation in North America.
<h3>Republic Servs's Economic Impact: An Analysis</h3>
Revenue Growth: Republic Servs displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 7.85%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Profitability Metrics:
<ul>
<li>
Gross Margin: Achieving a high gross margin of 40.88%, the company performs well in terms of cost management and profitability within its sector.
</li>
<li>
Earnings per Share (EPS): Republic Servs's EPS is significantly higher than the industry average. The company demonstrates a robust bottom-line performance with a current EPS of 1.44.
</li>
</ul>
Debt Management: Republic Servs's debt-to-equity ratio surpasses industry norms, standing at 1.21. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
Financial Valuation Breakdown:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 32.82, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a relatively high Price to Sales ratio of 3.88 as compared to the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With a lower-than-industry-average EV/EBITDA ratio of 16.22, Republic Servs presents a potential value opportunity, as investors are paying less for each unit of EBITDA.
</li>
</ul>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
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<h3>Why Insider Transactions Are Important</h3>
Insider transactions contribute to decision-making but should be supplemented by a comprehensive investment analysis.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Essential Transaction Codes Unveiled</h3>
Delving into transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> typically prioritize those unfolding in the open market, as precisely outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001060391">Check Out The Full List Of Republic Servs's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Katharine Weymouth Of Republic Servs Shows Optimism, Buys $100K In Stock

Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) has outperformed the market over the past 15 years by 2.94% on an annualized basis producing an average annual return of 15.09%. Currently, Republic Servs has a market capitalization of $58.36 billion. 
Buying $100 In RSG: If an investor had bought $100 of RSG stock 15 years ago, it would be worth $822.33 today based on a price of $185.32 for RSG at the time of writing.
<h3>Republic Servs's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1717513248_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 15 Years Ago Would Be Worth $800 Today

Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) has outperformed the market over the past 15 years by 2.9% on an annualized basis producing an average annual return of 15.49%. Currently, Republic Servs has a market capitalization of $58.83 billion. 
Buying $1000 In RSG: If an investor had bought $1000 of RSG stock 15 years ago, it would be worth $8,464.43 today based on a price of $186.81 for RSG at the time of writing.
<h3>Republic Servs's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715799633_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Republic Servs 15 Years Ago Would Be Worth Today

Revealing a significant insider sell on May 8, Amanda Hodges, EVP at Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>), as per the latest SEC filing.
What Happened: Hodges opted to sell 6,500 shares of Republic Servs, according to a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001060391/000106039124000215//Archives/edgar/data/1060391/000106039124000215/0001060391-24-000215-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday. The transaction's total worth stands at $1,209,130.
As of Wednesday morning, Republic Servs shares are up by 0.14%, currently priced at $188.82.
<h3>Unveiling the Story Behind Republic Servs</h3>
Republic Services is the second-largest integrated provider of traditional solid waste services in the United States, operating roughly 207 active landfills and 246 transfer stations. The company serves residential, commercial, and industrial end markets. It also runs a sizable recycling operation in North America.
<h3>Financial Insights: Republic Servs</h3>
Revenue Growth: Republic Servs's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 7.85%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Exploring Profitability:
<ul>
<li>
Gross Margin: The company maintains a high gross margin of 40.88%, indicating strong cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Republic Servs's EPS outshines the industry average, indicating a strong bottom-line trend with a current EPS of 1.44.
</li>
</ul>
Debt Management: Republic Servs's debt-to-equity ratio is below the industry average at 1.21, reflecting a lower dependency on debt financing and a more conservative financial approach.
Assessing Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current P/E ratio of 33.08 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a higher-than-average P/S ratio of 3.91, Republic Servs's stock is perceived as being overvalued in the market, particularly in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio 16.33 is below the industry average, indicating that it may be relatively undervalued compared to peers.
</li>
</ul>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
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<h3>Illuminating the Importance of Insider Transactions</h3>
Insider transactions contribute to decision-making but should be supplemented by a comprehensive investment analysis.
Considering the legal perspective, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, according to Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Nevertheless, insider sells may not necessarily indicate a bearish view and can be influenced by various factors.
<h3>Transaction Codes To Focus On</h3>
Taking a closer look at transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, meticulously cataloged in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A signifies a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001060391">Check Out The Full List Of Republic Servs's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Massive Insider Trade At Republic Servs

Scotiabank analyst Michael Doumet maintains Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) with a Sector Perform and raises the price target from $211 to $213.

Scotiabank Maintains Sector Perform on Republic Servs, Raises Price Target to $213

UBS analyst Jon Windham maintains Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) with a Neutral and raises the price target from $195 to $200.

UBS Maintains Neutral on Republic Servs, Raises Price Target to $200

WIIM

Republic Services shares are trading lower following mixed Q1 earnings.

Oppenheimer analyst Noah Kaye maintains Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) with a Outperform and raises the price target from $202 to $204.

Oppenheimer Maintains Outperform on Republic Servs, Raises Price Target to $204

Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) reported quarterly earnings of $1.45 per share which beat the analyst consensus estimate of $1.35 by 7.41 percent. This is a 16.94 percent increase over earnings of $1.24 per share from the same period last year. The company reported quarterly sales of $3.86 billion which missed the analyst consensus estimate of $3.89 billion by 0.73 percent. This is a 7.84 percent increase over sales of $3.58 billion the same period last year.

Earnings Beats

Earnings Misses

Republic Servs Q1 Adj $1.45 Beats $1.35 Estimate, Sales $3.86B Miss $3.89B Estimate

We are in the middle of the first-quarter earnings season. This week is the second busiest of this reporting cycle, as nearly 1,300 companies are slated to report their quarterly financial numbers. Earnings results are so far better than expected.
Among the corporate giants lined up to report this week, quite a few returned more than the market&#39;s benchmark &mdash; the S&amp;P 500 Index &mdash; in the last quarter. Investment in such stocks with a favorable Zacks Rank and a good chance of beating on earnings should drive their stock prices in the near term.
<h3>Q1 Earnings Results So Far</h3>
As of Apr 26, 229 companies on the S&amp;P 500 Index reported their financial numbers. Total earnings for these index members are up 2.8% from the same period last year on 3.3% higher revenues, with 78.2% beating EPS estimates and 59.8% beating revenue estimates.
At present, total earnings of the S&amp;P 500 Index in first-quarter 2024 are expected to be up 3.8% on 3.7% higher revenues. This follows the 6.8% earnings growth on 4% higher revenues in fourth-quarter 2023 and 3.8% earnings growth on 2.2% higher revenues in third-quarter 2023.
<h3>Our Top Picks</h3>
We have narrowed our search to five large-cap stocks (market capital &gt; $10 billion) that are set to beat on earnings today after the closing bell. These stocks provided higher returns than the S&amp;P 500 in the first quarter.
Each of these stocks carries either a Zacks Rank #2 (Buy) or 3 (Hold) and has a positive Earnings ESP.
Our research shows that for stocks with the combination of a Zacks Rank #3 or better and a positive Earnings ESP, the chance of an earnings beat is as high as 70%. These stocks are anticipated to appreciate after their earnings release. You can uncover the best stocks to buy or sell before they&#39;re reported with our Earnings ESP Filter.
The chart below shows the price performance of our five picks in the last quarter.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/9a/65885.jpg?v=1046545312" /> 
Image Source: Zacks Investment Research
Advanced Micro Devices Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amd#NASDAQ">AMD</a>) is benefiting from portfolio strength and an expanding partner base. In cloud, server CPU revenues increased year over year and sequentially as North American hyperscalers expanded fourth Gen EPYC Processor deployments to power their internal workloads and public instances.
Exiting 2023, AMD had more than 800 EPYC CPU-based public cloud instances available. AMD is benefiting from the strong adoption of EPYC CPUs for inferencing workloads for smaller models like Llama 7B, as well as the power head nodes in large training and inference clusters. AMD expects gross margin to expand in 2024.
Zacks Rank #2 Advanced Micro Devices has an Earnings ESP of +28.33%. It has an expected earnings growth rate of 29.8% for the current year. AMD recorded earnings surprises in the last four reported quarters, with an average beat of 3%.
LPL Financial Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lpla#NASDAQ">LPLA</a>) continues to benefit from efforts to increase client base. LPLA&#39;s advisory revenues (constituting 41.1% of total revenues in 2023) have been increasing over the past several years. Advisory revenues witnessed a five-year (2018-2023) compound annual growth rate (CAGR) of 18.2%.
Further, LPLA&#39;s recruiting efforts, strategic acquisitions (Allen &amp; Company and FRGIS, minority stake in Independent Advisor Alliance and planned deal to buy Atria Wealth Solutions) and solid advisor productivity are expected to keep supporting it. The launch of a no-transaction-fee exchange-traded fund (AMEX:ETF) network will also boost the value of LPLA&#39;s advisory platform. We project advisory revenues to witness a CAGR of 13% by 2026.
Zacks Rank #3 LPL Financial Holdings has an Earnings ESP of +0.71%. LPLA recorded earnings surprises in the last four reported quarters, with an average beat of 3.7%.
Republic Services Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rsg#NYSE">RSG</a>) is benefiting from ongoing trends like increasing environmental concerns and rapid industrialization. RSG has been focused on expanding its recycling volume through improved material handling processes and programs.
RSG is also focused on increasing its operational efficiency and reducing fleet operating costs by shifting to compressed natural gas collection vehicles. RSG puts consistent efforts into rewarding its shareholders through dividend payments and share repurchases.
Zacks Rank #3 Republic Services has an Earnings ESP of +0.51%. It has an expected earnings growth rate of 7.1% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.2% over the last 30 days. RSG recorded earnings surprises in the last four reported quarters, with an average beat of 8.8%.
Diamondback Energy Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fang#NASDAQ">FANG</a>) focuses on growth through a combination of acquisitions and active drilling in the lucrative Permian Basin spread over west Texas and New Mexico. While many companies employ a similar strategy, a few have been as successful as FANG.
FANG has consistently posted some of the strongest operational and financial results among independent producers. With an attractive production profile, favorable industry trends and low breakeven economics, the margin of safety on investment is very high. Further, FANG is focused on the generation of free cash flow and wealth creation.
Zacks Rank #3 Diamondback Energy has an Earnings ESP of +1.61%. It has an expected earnings growth rate of 4.6% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 1.8% over the last seven days. FANG recorded earnings surprises in two out of the last four reported quarters, with an average beat of 0.7%.
ONEOK Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/oke#NYSE">OKE</a>) is well-poised to gain from increasing volumes in its pipelines and fee-based commitments as production volumes are rising. OKE&#39;s expansion efforts and pipeline additions are expected to strengthen its position in the high-production region and aid future earnings. OKE&#39;s organic initiatives and diverse customer base act as tailwinds. OKE has enough financial flexibility to meet its near-term debt obligations.
Zacks Rank #3 ONEOK has an Earnings ESP of +0.70%. The Zacks Consensus Estimate for current-year earnings has improved 0.2% over the last 30 days. OKE recorded earnings surprises in three out of the last four reported quarters, with an average beat of 3.9%.
<a href="https://www.zacks.com/stock/news/2264724/5-winners-of-q1-set-to-beat-on-earnings-after-closing-bell?cid=CS-BENZ-FT-earnings_esp-2264724">To read this article on Zacks.com click here.</a>

Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) has outperformed the market over the past 10 years by 8.06% on an annualized basis producing an average annual return of 18.63%. Currently, Republic Servs has a market capitalization of $60.72 billion. 
Buying $1000 In RSG: If an investor had bought $1000 of RSG stock 10 years ago, it would be worth $5,514.59 today based on a price of $192.79 for RSG at the time of writing.
<h3>Republic Servs's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714402820_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 10 Years Ago, You Would Have $5,500 Today

Goldman Sachs analyst Jerry Revich maintains Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) with a Buy and raises the price target from $209 to $230.

Goldman Sachs Maintains Buy on Republic Servs, Raises Price Target to $230

Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) has outperformed the market over the past 20 years by 4.42% on an annualized basis producing an average annual return of 12.26%. Currently, Republic Servs has a market capitalization of $59.80 billion. 
Buying $1000 In RSG: If an investor had bought $1000 of RSG stock 20 years ago, it would be worth $10,200.81 today based on a price of $190.07 for RSG at the time of writing.
<h3>Republic Servs's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712779236_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Republic Servs 20 Years Ago Would Be Worth Today

Scotiabank initiates coverage on Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) with a Sector Perform rating and announces Price Target of $211.

Initiation

Scotiabank Initiates Coverage On Republic Servs with Sector Perform Rating, Announces Price Target of $211

RBC Capital analyst Walter Spracklin assumes Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) with a Sector Perform rating and lowers Price Target of $198.

RBC Capital Assumes Republic Servs at Sector Perform, Lowers Price Target of $198

Republic Servs's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) short percent of float has fallen 7.75% since its last report. The company recently reported that it has 2.44 million shares sold short, which is 1.19% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.34 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Republic Servs Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1711980023_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Republic Servs has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Republic Servs's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Republic Servs's peer group average for short interest as a percentage of float is 3.43%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into Republic Servs's Recent Short Interest

Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) has outperformed the market over the past 15 years by 3.77% on an annualized basis producing an average annual return of 16.77%. Currently, Republic Servs has a market capitalization of $60.17 billion. 
Buying $1000 In RSG: If an investor had bought $1000 of RSG stock 15 years ago, it would be worth $10,530.25 today based on a price of $191.25 for RSG at the time of writing.
<h3>Republic Servs's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1711733412_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Republic Servs Stock In The Last 15 Years

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Siemens Energy (SMEGF – Research Report) and Republic Servi...

Analysts Conflicted on These Industrial Goods Names: Siemens Energy (OtherSMEGF) and Republic Services (RSG)

Parnassus Mid Cap Fund Q1 2024 Investment Commentary

Stifel Nicolaus analyst Brian Butler maintained a Buy rating on Republic Services (RSG – Research Report) yesterday and set a price target of $215....

Republic Services (RSG) Gets a Buy from Stifel Nicolaus

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While it&rsquo;s unclear whether the current bull market <a href="https://fortune.com/2024/06/17/stock-market-outlook-raging-bull-peak-indicators-sp500-forecasts/">has more runway</a>, or is veering towards a correction, you may want to take action now and jettison overvalued stocks to sell from your portfolio. In fact, irrespective of whether the broad market surges, sinks or trades sideways from here over the next few months, individual overvalued stocks can still be at risk of experiencing severe price declines.



Stocks become overvalued, when the market extrapolates near-term trends, pricing in the expected long-term growth as a near certainty. These stocks can also often be known as being &ldquo;priced for perfection&rdquo; stocks. They can stay &ldquo;priced for perfection&rdquo; as long as the bullish narrative persists. But, each of them may be one bad earnings release away from experiencing a sharp price reversal.



Also, there are beaten down stocks that, despite becoming considerably cheaper, are still overvalued, as factors like industry headwinds and deteriorating fundamentals remain not yet fully priced-in. These types of stocks are at risk of further declines, as the market concedes that a particular situation has gone from bad to worse. Below are seven stocks that fit into either of these categories. Consider them overvalued stocks to sell, before it&rsquo;s too late.



<h2>Boeing (BA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/12/boeing-737-max-ba-1600-300x169.jpg" alt="image of a Boeing (BA) 737 max aircraft. stocks to buy and sell related to Boeing"><div>Source: Marco Menezes / Shutterstock.com</div></div>Boeing (NYSE:<a href="https://investorplace.com/stock-quotes/ba-stock-quote/">BA</a>) is an example of an overvalued stock that fits best in the latter category mentioned above. Shares in the aerospace giant have been hammered by the fallout from aircraft safety incidents, and the resultant delays in the company&rsquo;s post-Covid rebound in new aircraft delivery.



After falling by nearly 30% year-to-date, you may at first assume that recent headwinds have become fully factored into the price of BA stock. However, it&rsquo;s not as if this year&rsquo;s problems have resulted in Boeing sinking down to a fire sale valuation. At current prices, BA trades for <a href="https://seekingalpha.com/symbol/BA/earnings">34.9 times analyst consensus</a> for 2025 earnings. If, in the coming quarters, it becomes more apparent that the Boeing comeback will be delayed, or will arrive more slowly than currently anticipated, an additional price decline may be in store.



That&rsquo;s not all. Boeing&rsquo;s late-2010s 737 safety headwinds, including two fatal plane crashes, haven&rsquo;t fully gone away. Families of the victims are now pushing for the U.S. Department of Justice to fine Boeing <a href="https://www.bloomberg.com/news/articles/2024-06-19/737-max-crash-victims-families-seek-25-billion-fine-on-boeing">nearly $25 billion</a>. Even if the company ultimately isn&rsquo;t on the hook for such a figure, this could in the near-term also weigh on valuation.



<h2>Cava (CAVA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/06/cava1600-2-300x169.png" alt="Cava Group is a restaurant chain founded in 2006 in Rockville, Maryland, by Ted Xenohristos, Chef Dimitri Moshovitis and Ike Grigoropoulos."><div>Source: Nicole Glass Photography / Shutterstock.com</div></div>This isn&rsquo;t the first time I&rsquo;ve called Cava (NYSE:<a href="https://investorplace.com/stock-quotes/cava-stock-quote/">CAVA</a>) one of the overvalued stocks to sell. Back in April, I argued that shares in the Mediterranean restaurant chain were very overvalued, and <a href="https://investorplace.com/2024/04/7-high-flying-stocks-that-are-majorly-overdue-for-a-pullback/">on the verge of pulling back due to profit taking</a> after the company&rsquo;s latest earnings release.



Admittedly, this failed to pan out. Instead of pulling back post-earnings, CAVA stock surged even higher, and just recent hit a new all-time high. Even so, while Cava has remained one of the hottest stocks out there, if you own it, at the very least you may want to take some risk off the table. At current prices, CAVA trades for 263.5 times forward earnings.



This valuation appears particularly rich, considering that sell-side forecasts only call for revenue and earnings growth next year of 20% and 25.7%, respectively. Wall Street&rsquo;s sell-side community has already started to ring the warning bells. Earlier this month, analysts at JP Morgan downgraded CAVA to &ldquo;neutral&rdquo; from &ldquo;buy,&rdquo; giving the stock a <a href="https://www.investing.com/news/company-news/jpmorgan-downgrades-cava-group-stock-to-neutral-on-valuation-concerns-93CH-3467304">$77 per share price target</a>, citing valuation concerns.



<h2>Casella Waste Systems (CWST)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/10/cwst-stock-1-300x169.jpg" alt='An image of a magnifying glass zooming in on an Apple web page with a red, yellow, and green circle buttons, two arrow buttons, another button, and the "Casella" logo.'><div>Source: Pavel Kapysh / Shutterstock.com</div></div>Over the past decade, Casella Waste Systems (NASDAQ:<a href="https://investorplace.com/stock-quotes/cwst-stock-quote/">CWST</a>) has been scaling itself up towards the size of its larger competitors in the waste management industry, such as Waste Management (NYSE:<a href="https://investorplace.com/stock-quotes/wm-stock-quote/">WM</a>) and Republic Services (NYSE:<a href="https://investorplace.com/stock-quotes/rsg-stock-quote/">RSG</a>).



The resultant compounding in earnings growth has of course been a boon for long-term CWST stock investors. Shares are up nearly 20-fold since 2014. Yet after this incredible run, Casella may not be top of the heap for much longer. At current prices, shares sell for a staggering 126.6 times forward earnings. This represents a massive valuation premium to WM and RSG, which trade at forward price-to-earnings (P/E) multiples of 28.5 and 31.7, respectively.



Yes, Casella <a href="https://www.wastedive.com/news/casella-q4-2023-earnings/707829/">continues to buy up competitors</a> and wring out cost efficiencies. As a result, CWST is expected to continue reporting high levels of per-share earnings growth. Current consensus calls for earnings per share to rise by <a href="https://seekingalpha.com/symbol/CWST/earnings">56.4%</a> next year. Still, with expectations set so high, falling even slightly short of them could drive a big correction for the stock. On a longer time frame, CWST&rsquo;s valuation could normalize, meaning that while earnings growth continues, shares underperform, as fundamentals catch up with valuation.



<h2>Nio (NIO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/03/nio1600-8-300x169.png" alt="A mobile with NIO at horizontal composition."><div>Source: Freer / Shutterstock.com</div></div>Nio (NYSE:<a href="https://investorplace.com/stock-quotes/nio-stock-quote/">NIO</a>) has fallen considerably since 2021, when vehicle electrification stocks peaked in popularity. Once trading for prices above $60 per share, today shares in this China EV maker trade for around $4.30 per share.



But while NIO stock has fallen into penny stock territory, make no mistake. This remains one of the overvalued stocks to sell. The company sports a nearly $9 billion valuation, despite continued heavy losses, as well as continued issues with getting back into high-growth mode. Although the company&rsquo;s latest <a href="https://ir.nio.com/news-releases/news-release-details/nio-inc-provides-may-2024-delivery-update">monthly delivery numbers</a> may suggest that it&rsquo;s heading back into the growth fast lane, Louis Navellier and the InvestorPlace Research Staff <a href="https://investorplace.com/market360/2024/06/even-at-rock-bottom-prices-nio-stock-is-no-bargain/">begs to differ</a>.



As Navllier recently argued, Nio&rsquo;s hyping up its potential to experience a growth resurgence. Why? High competition in the Chinese EV market calls it into question. Moreover, recent trade tensions between the U.S. and China could limit Nio&rsquo;s global expansion plans, including in Europe. In the quarters ahead, if operating performance fails to dramatically improve, and further cash burn leads to a growing likelihood for additional dilutive capital raises, expect a further correction for NIO.



<h2>Roblox (RBLX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/05/rblx1600-300x169.png" alt="A smartphone displaying a web page for Roblox Corp (RBLX)."><div>Source: Koshiro K / Shutterstock.com</div></div>Excitement about the metaverse growth peaked in 2022. Since 2023, it&rsquo;s taken a backseat to excitement over the generative AI growth trend. Hence, it&rsquo;s not surprising that Roblox (NYSE:<a href="https://investorplace.com/stock-quotes/rblx-stock-quote/">RBLX</a>) shares have fallen by nearly 75% from their all-time closing high of <a href="https://www.macrotrends.net/stocks/charts/RBLX/roblox/stock-price-history">$134.72 per share</a>.



That said, even after this tremendous price decline, I wouldn&rsquo;t call the video game platform operator&rsquo;s shares a bargain. The company sports a valuation of around $23 billion. This comes despite Roblox continuing to be unprofitable. Yes, sales growth has continued to steadily climb. Losses have also narrowed. All of this may suggest that RBLX can at the very least grow into its valuation, but that&rsquo;s hardly a given. At least, based upon the guidance that accompanied RBLX&rsquo;s latest quarterly earnings release.



The latest outlook <a href="https://www.barrons.com/articles/roblox-stock-price-earnings-bookings-guidance-5a0c99b0?mod=md_stockoverview_news">fell short of sell-side expectations</a>. For this alone, shares fell by around 22% immediately after earnings back in May. A continued de-rating for Roblox may occur, if growth keeps slowing down, and subsequent guidance quells growth resurgence hopes. Barring renewed enthusiasm for metaverse stocks, be cautious. Sell or stay away from RBLX.



<h2>Reddit (RDDT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/03/rddt1600-3-300x169.png" alt="Reddit logo displayed on a smartphone device. RDDT stock"><div>Source: Ink Drop / Shutterstock.com</div></div>Reddit (NYSE:<a href="https://investorplace.com/stock-quotes/rddt-stock-quote/">RDDT</a>) is another name I&rsquo;ve pointed out as being <a href="https://investorplace.com/2024/06/7-over-hyed-stocks-to-sell-before-they-plunge-june-edition/">one of the overvalued stocks to sell</a>. Shares in the social media platform have experienced roller coaster price action, since debuting in the public markets in March.



However, at current prices in the high-$50s per share, RDDT stock is overvalued compared to current fundamentals. Right now, investors are pricing into Reddit the possibility of the company capitalizing greatly on the gen AI boom. Namely, <a href="https://apnews.com/article/reddit-openai-chatgpt-bd2291fcc226bc737a44dbef4a31563f">through a collaboration</a> with ChatGPT developer OpenAI. Also, while not certain, the latest wave of &ldquo;meme mania&rdquo; in the stock market may be having a positive impact on the valuation of RDDT. 



However, &ldquo;meme mania&rdquo; is heading into the sunset once again. It&rsquo;s very possible that AI-related upside was already priced into RDDT at the time of its IPO. Shares are already starting to pull back, so a return to the stock&rsquo;s 52-week low in the high-$30s may be just around the corner. Reddit&rsquo;s stock market subreddits may or may not be a great source for investing ideas, but RDDT is not a great idea for profit-seeking investors right now.



<h2>Snowflake (SNOW)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/09/snowflake-company-300x169.jpg" alt="The Snowflake logo on a company office in Silicon Valley, California. (SNOW stock)"><div>Source: Sundry Photography / Shutterstock.com</div></div>Snowflake (NYSE:<a href="https://investorplace.com/stock-quotes/snow-stock-quote/">SNOW</a>) shares have fallen by nearly 50% since March. Following this big price decline, you may think that this cloud data stock has finally fallen to a reasonable price. However, even after such a massive haircut, SNOW continues to sport a triple-digit multiple.



That is, at current prices, SNOW trades for 200.5 times forward earnings. Investors are nowhere near as hyped-up about Snowflake&rsquo;s AI potential as they were just before the <a href="https://www.barrons.com/articles/snowflake-stock-price-ai-5a412f3e?mod=md_stockoverview_news">disappointing guidance update</a> that triggered its avalanche of a price decline, but some may be holding hope &ldquo;better than feared&rdquo; results are just around the corner. It&rsquo;s perfectly fine to make this wager. After all, Snowflake recently provided some <a href="https://www.reuters.com/technology/snowflake-sees-second-quarter-product-revenue-above-estimates-2024-05-22/">upbeat guidance for the current quarter</a>.



However, keep in mind that downside risk still runs high. If Snowflake&rsquo;s launch of new AI products fails to shore up its growth, another massive de-rating could take shape. At such a high forward multiple, the stock could experience another 50%, 60%, maybe even a 70% price decline, and still be in overvalued territory. With far less pricey ways to play the AI growth trend out there, don&rsquo;t waste your time or risk your capital with SNOW.



On the date of publication, Thomas Niel did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Thomas Niel, contributor for InvestorPlace.com, has been writing single-stock analysis for web-based publications since 2016.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/06/maximize-gains-sell-these-7-overvalued-stocks-before-they-slide/">Maximize Gains: Sell These 7 Overvalued Stocks Before They Slide</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.


Kevin HernHouse (R-OK)	$1K - $15K	Sale	Feb 14, 2023	Jan 31, 2023	House
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