In this article, we discuss 5 of the biggest commercial janitorial companies in the world. If you want to see more such companies, go directly to the 12 Biggest Commercial Janitorial Companies In USA.
05. Republic Services, Inc. (NYSE:RSG)
Market Capitalization as of November 18, 2022: $41.68 billion
Republic Services, Inc. (NYSE:RSG) was incorporated in 1996 and is based in Phoenix, Arizona. Republic Services, Inc. (NYSE:RSG), together with its subsidiaries, offers environmental services in the United States. The company offers collection and processing of recyclable materials, collection, transfer, and disposal of non-hazardous solid waste, and other environmental solutions. Its collection services include curbside collection of material for transport to transfer stations, landfills, or recycling processing centers; supply of recycling and waste containers; and renting of compactors. In addition, the company engages in the processing and sale of old corrugated containers, old newsprint, aluminum, glass, and other materials; and provision of landfill and transfer services. Further, Republic Services, Inc. (NYSE:RSG) offers disposal of non-hazardous solid and liquid material and in-plant services, such as transportation and logistics. It serves small-container, large-container, and residential customers. As of December 31, 2021, the company operated through 356 collection operations, 239 transfer stations, 198 active landfills, 71 recycling processing centers, 6 saltwater disposal wells, and 7 deep injection wells, as well as 3 treatment, recovery, and disposal facilities in 41 states. It also operated 77 landfill gas-to-energy and renewable energy projects and had 124 closed landfills.
On October 24, Jefferies analyst Stephanie Moore assumed coverage of Republic Services, Inc. (NYSE:RSG) with a Buy rating and a $165 price target. The analyst is bullish on the company’s top-line growth opportunity with pricing momentum in the early stages and its favorable exposure to faster-growing markets. Moore also believes there is an upside to its recent U.S. Ecology deal as it implements its solid waste playbook around pricing and drives cross-selling.
04. Ecolab Inc. (NYSE:ECL)
Market Capitalization as of November 18, 2022: $42.13 billion
Ecolab Inc. (NYSE:ECL) was founded in 1923 and is based in Saint Paul, Minnesota. Ecolab Inc. (NYSE:ECL) provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through Global Industrial, Global Institutional & Specialty, and Global Healthcare & Life Sciences segments. During Q3 2022, The Gates Foundation increased its position in Ecolab Inc. (NYSE:ECL) by 12%. The fund currently owns over 4.8 million shares in the company, worth $702.8 million. The company accounted for 2.06% of Bill Gates’ portfolio.
Ecolab Inc. (NYSE:ECL) holds one of the strongest dividend policies. The company has been paying dividends on its common stock for the past 85 years and has raised its payouts for 30 years in a row. It currently offers a quarterly dividend of $0.51 per share and has a dividend yield of 1.38%, as of November 17.
On November 3, BMO Capital analyst John McNulty lowered his price target on Ecolab Inc. (NYSE:ECL) to $143 from $169 and kept a Market Perform rating on the shares. The analyst cites the company’s lower-than-expected Q3 earnings and guidance, adding that even though Ecolab Inc. (NYSE:ECL) appears to be setting a low bar, he remains on the sidelines as expectations need to reflect a number of its end markets coming under extreme pressure.
03. Cintas Corporation (NASDAQ:CTAS)
Market Capitalization as of November 18, 2022: $45.01 billion
Cintas Corporation was founded in 1968 and is headquartered in Cincinnati, Ohio. Cintas Corporation provides corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame-resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms. It also offers first aid and safety services, and fire protection products and services.
Israel Englander’s Millennium Management is a significant shareholder of Cintas Corporation (NASDAQ:CTAS) as of Q3, 2022. The fund held 506,130 of the company’s shares valued at $196.47 million. On October 25, Jefferies analyst Stephanie Moore assumed coverage of Cintas Corporation (NASDAQ:CTAS) with a Buy rating with a price target of $463, down from $471. She is bullish on Cintas Corporation (NASDAQ:CTAS) ability to consistently post high-single-digit percentage organic revenue growth as it penetrates new and existing customers with more products and services, Moore tells investors.
02. Perma-Fix Environmental Services, Inc. (NASDAQ:PESI)
Market Capitalization as of November 18, 2022: $52.76 billion
Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) was incorporated in 1990 and is based in Atlanta, Georgia. Perma-Fix Environmental Services, Inc. (NASDAQ:PESI), through its subsidiaries, operates as an environmental and technological know-how company in the United States. It operates in three segments: Treatment, Services, and Medical. The Treatment segment offers nuclear, low-level radioactive, mixed waste, hazardous and non-hazardous waste treatment, and processing and disposal services through treatment and storage facilities. This segment is also involved in research and development activities to identify, develop, and implement waste processing techniques for problematic waste streams.
In July this year, Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) announced that Nuclear Waste Services (NWS), a division of the United Kingdom’s Nuclear Decommissioning Authority (NDA), has chosen Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) as one of only three suppliers for a Framework Contract. Nuclear Waste Services is responsible for managing the UK’s nuclear waste safely and securely for future generations. Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) has been chosen to compete for the firm, fixed-price, and cost-reimbursement task orders for the treatment and conditioning of radioactive waste in the UK, with a maximum ceiling of £41 million over four years.
01. Waste Management, Inc. (NYSE:WM)
Market Capitalization as of November 18, 2022: $65.3 billion
Topping our list of the 15 biggest commercial janitorial companies in the USA is Waste Management, Inc. (NYSE:WM). Waste Management, Inc. (NYSE:WM) was incorporated in 1987 and is based in Houston, Texas. Waste Management, Inc. (NYSE:WM) through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America.
In the past five years, Waste Management, Inc. (NYSE:WM) has raised its dividends at a CAGR of 6%. Overall, the company has grown its dividends for 15 years. It currently pays a quarterly dividend of $0.65 per share and has a dividend yield of 1.65%, as of November 17. The Gates Foundation has been investing in Waste Management, Inc. (NYSE:WM) since the third quarter of 2012. During Q3 2022, the hedge fund increased its position in the company by 90%, which takes its total WM stake to over $5.6 billion. The company represented 16.6% of Bill Gates’ portfolio.
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