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

NorthCrest Asset Manangement LLC raised its position in Republic Services, Inc. (NYSE:RSG) by 7.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 43,882 shares of the business services provider’s stock after purchasing an additional 3,176 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Republic Services were worth $9,340,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Financial Consulate Inc. bought a new position in Republic Services during the third quarter worth $25,000. Wealth Watch Advisors INC bought a new stake in Republic Services during the third quarter valued at $26,000. Annis Gardner Whiting Capital Advisors LLC grew its holdings in Republic Services by 121.8% during the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 122 shares of the business services provider’s stock worth $28,000 after acquiring an additional 67 shares during the period. Ameriflex Group Inc. bought a new position in shares of Republic Services in the 3rd quarter worth about $29,000. Finally, Foster Dykema Cabot & Partners LLC acquired a new position in shares of Republic Services in the 2nd quarter valued at about $33,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on RSG. Wolfe Research started coverage on Republic Services in a research note on Friday, March 13th. They set a “peer perform” rating for the company. Wells Fargo & Company boosted their price target on Republic Services from $238.00 to $252.00 and gave the company an “overweight” rating in a research note on Wednesday. The Goldman Sachs Group started coverage on shares of Republic Services in a research report on Monday, November 24th. They set a “buy” rating and a $255.00 price objective for the company. Bank of America lowered 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 note on Monday, December 22nd. Finally, UBS Group boosted their target price on shares of Republic Services from $225.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. Thirteen equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, Republic Services currently has a consensus rating of “Moderate Buy” and an average price target of $246.40.

Republic Services Stock Performance

Shares of Republic Services stock opened at $219.57 on Friday. The business has a 50-day simple moving average of $220.51 and a 200 day simple moving average of $218.74. Republic Services, Inc. has a one year low of $201.42 and a one 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 firm has a market capitalization of $67.80 billion, a price-to-earnings ratio of 32.05, a PEG ratio of 3.63 and a beta of 0.54.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Tuesday, February 17th. The business services provider reported $1.76 EPS for the quarter, beating the consensus estimate of $1.62 by $0.14. Republic Services had a return on equity of 18.44% and a net margin of 12.90%.The firm had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter in the previous year, the company posted $1.58 earnings per share. The company’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. On average, research analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Thursday, April 2nd will be issued a dividend of $0.625 per share. The ex-dividend date is Thursday, April 2nd. This represents a $2.50 annualized dividend and a yield of 1.1%. Republic Services’s dividend payout ratio is presently 36.79%.

Republic Services Profile

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.