5 Best Recycling Stocks to Invest In

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

Number of Hedge Fund Holders: 36

Republic Services, Inc. (NYSE: RSG) is a provider of non-hazardous solid waste collection, transfer, disposal, recycling, and environmental services in the US. The company ranks 2nd on our list of the best recycling stocks to invest in.

Baird commented on Republic Services, Inc. (NYSE: RSG), stating that the stock’s volume is expected to improve and the company should be able to bring in higher profitability. Goldman Sachs also initiated coverage of Republic Services, Inc. (NYSE: RSG) with a Buy rating this May. In the first quarter of 2021, Republic Services, Inc. (NYSE: RSG) had an EPS of $0.93, beating estimates by $0.07. The company’s revenue was $2.60 billion, missing estimates by -$20.35 million but greater than the previous quarter’s $2.57 billion revenue and up 1.66% year over year. The company has a gross profit margin of 41.17% and the stock has gained 16.52% in the past 6 months and 19.44% year to date.

As of the end of the first quarter of 2021, 36 hedge fund holders out of the 866 tracked by Insider Monkey held stakes in Republic Services, Inc. (NYSE: RSG) worth roughly $1.07 billion. This is compared to 36 hedge funds in the previous quarter, with a total stake value of $1.09 billion.