5 Best Recycling Stocks To Buy Now

3. Republic Services Inc. (NYSE:RSG)

Hedge Fund Holdings: 37

Based in Phoenix, Arizona, Republic Services Inc. (NYSE:RSG) is an American waste disposal company which focuses on non-hazardous solid waste collection, transfer, disposal, recycling, and energy services. Republic Services Inc. (NYSE:RSG) delivered a strong financial performance in Q3 2023, beating EPS estimates of $1.42 by $0.12. The company ended up generating $1.52 in earnings per share. On October 23, UBS analyst Jon Windham upgraded the rating on Republic Services Inc. (NYSE:RSG) from Neutral to Buy, and raised the price target from $155 to $170. According to the analyst, the company is an attractive dividend growth stock with consistent outperformance and low volatility when pit against the S&P 500. Despite a premium valuation, the company has boasted robust fundamentals, a strong financial ecosystem, a trajectory of dividend hikes, and a recent buyback program, making it an ideal pick for long-term investors. As of Q3 2023, Republic Services Inc. (NYSE:RSG) has a forward dividend of 2.14 and a dividend yield of 1.33%. Based on its history of strong resilience, high barriers to entry, and attractive valuations, the company is one of the best recycling stocks to buy now.