NorthCrest Asset Manangement LLC Has $9.34 Million Holdings in Republic Services, Inc. $RSG

NorthCrest Asset Manangement LLC boosted its holdings in Republic Services, Inc. (NYSE:RSG) by 7.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 43,882 shares of the business services provider’s stock after purchasing an additional 3,176 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Republic Services were worth $9,340,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RSG. Norges Bank purchased a new stake in shares of Republic Services in the second quarter worth approximately $690,313,000. Bessemer Group Inc. boosted its position in shares of Republic Services by 7,683.2% during the third quarter. Bessemer Group Inc. now owns 739,792 shares of the business services provider’s stock valued at $169,768,000 after buying an additional 730,287 shares during the last quarter. Man Group plc grew its holdings in Republic Services by 380.1% during the third quarter. Man Group plc now owns 667,603 shares of the business services provider’s stock worth $153,202,000 after buying an additional 528,540 shares in the last quarter. BNP Paribas Financial Markets raised its position in Republic Services by 93.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 907,735 shares of the business services provider’s stock valued at $208,307,000 after buying an additional 438,219 shares during the last quarter. Finally, Caisse de depot et placement du Quebec lifted its stake in Republic Services by 49.1% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 1,326,827 shares of the business services provider’s stock valued at $304,480,000 after acquiring an additional 437,166 shares in the last quarter. 57.73% of the stock is owned by institutional investors.

Republic Services Trading Down 1.5%

Shares of Republic Services stock opened at $219.57 on Friday. The firm has a market cap of $67.80 billion, a PE ratio of 32.05, a P/E/G ratio of 3.63 and a beta of 0.54. Republic Services, Inc. has a 1 year low of $201.42 and a 1 year high of $258.75. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a fifty day moving average price of $220.51 and a 200-day moving average price of $218.74.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Tuesday, February 17th. The business services provider reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.14. Republic Services had a net margin of 12.90% and a return on equity of 18.44%. The company had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same period in the previous year, the firm earned $1.58 EPS. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. Equities research analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Thursday, April 2nd will be given a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, April 2nd. Republic Services’s dividend payout ratio is currently 36.79%.

Analyst Upgrades and Downgrades

RSG has been the subject of several recent analyst reports. Morgan Stanley reduced their target price on shares of Republic Services from $230.00 to $225.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 18th. Barclays set a $227.00 price target on shares of Republic Services in a research report on Monday, February 23rd. Bank of America reduced their price objective on shares of Republic Services from $271.00 to $241.00 and set a “buy” rating for the company in a research report on Monday, December 22nd. Sanford C. Bernstein increased their price objective on shares of Republic Services from $205.00 to $220.00 and gave the company a “market perform” rating in a research note on Monday, January 5th. Finally, BMO Capital Markets dropped their target price on shares of Republic Services from $251.00 to $248.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 18th. Thirteen analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $246.40.

About Republic Services

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.