5 Best Environmental Stocks to Invest In

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In this article, we will look at 5 best environmental stocks to invest in. If you want to explore similar stocks, you can also take a look at 12 Best Environmental Stocks to Invest In.

5. Republic Services, Inc. (NYSE:RSG)

Number of Hedge Fund Holders: 34

Republic Services, Inc. (NYSE:RSG) offers environmental services, which include collection and processing of recyclable materials, collection, transfer, and disposal of non-hazardous solid waste, and other environmental solutions in the United States. As of 2022, the company operates 239 transfer stations, 198 active landfill disposal sites, 71 recycling plants, 77 beneficial-use landfill gas projects, and a fleet of 16,000 collection and transfer vehicles. Republic Services, Inc. (NYSE:RSG) is the second-largest provider of waste disposal services in the United States and is one of the best pure-play environmental stocks to invest in.

Analysts are bullish on Republic Services, Inc. (NYSE:RSG). On June 16, Deutsche Bank analyst Kyle White upgraded Republic Services, Inc. (NYSE:RSG) to Buy from Hold and reiterated his price target of $147 on the shares. On June 22, Morgan Stanley analyst Toni Kaplan trimmed his price target on Republic Services, Inc. (NYSE:RSG) to $142 from $152 but maintained a buy-side Overweight rating on the shares.

At the end of Q1 2022, 34 hedge funds held stakes in Republic Services, Inc. (NYSE:RSG) worth $1.28 billion. This is compared to 38 positions a quarter ago with stakes of $1.35 billion.

As of March 31, AQR Capital Management is the leading stakeholder in Republic Services, Inc. (NYSE:RSG) having stakes worth $187.82 million in the company.

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