7 Best Boring Stocks to Buy

3. Republic Services Inc. (NYSE:RSG)

Beta: 0.73

5 Year Returns: 124.5%

Number of Hedge Fund Holders: 51

Republic Services Inc. (NYSE:RSG) is one of the largest waste management and recycling companies in the United States. It provides collection, transfer, disposal, and recycling services to residential, commercial, and industrial customers.

The company witnesses stable demand for its services and has been investing in sustainability initiatives, including landfill gas-to-energy projects and fleet electrification. Its extensive network of landfills and recycling facilities ensures strong recurring revenue and long-term growth potential. With support from its stable business, the company generates substantial cash flows. It posted net income of $2 billion and operating cash flow of nearly $4 billion in the past 12 months.

On March 4, a CIBC analyst raised its rating for Republic Services Inc. (NYSE:RSG) from Neutral to Outperformer and increased the price target from $237 to $264. This upgrade was part of a quarterly review of the North American solid waste sector by CIBC. The analyst was encouraged by the solid guidance for 2025 given by the companies in the sector. According to the analyst, this outlook is seen as highly defensive.