Evergreen Capital Management LLC Buys 2,962 Shares of Republic Services, Inc. $RSG

Evergreen Capital Management LLC lifted its stake in shares of Republic Services, Inc. (NYSE:RSG) by 144.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,018 shares of the business services provider’s stock after acquiring an additional 2,962 shares during the period. Evergreen Capital Management LLC’s holdings in Republic Services were worth $1,063,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in RSG. Bessemer Group Inc. lifted its holdings in shares of Republic Services by 7,683.2% during the 3rd quarter. Bessemer Group Inc. now owns 739,792 shares of the business services provider’s stock worth $169,768,000 after acquiring an additional 730,287 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Republic Services by 1,337.9% during the 4th quarter. SG Americas Securities LLC now owns 575,637 shares of the business services provider’s stock worth $121,995,000 after acquiring an additional 535,603 shares during the last quarter. Man Group plc lifted its holdings in shares of Republic Services by 380.1% during the 3rd quarter. Man Group plc now owns 667,603 shares of the business services provider’s stock worth $153,202,000 after acquiring an additional 528,540 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Republic Services by 93.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 907,735 shares of the business services provider’s stock worth $208,307,000 after acquiring an additional 438,219 shares during the last quarter. Finally, Caisse de depot et placement du Quebec lifted its holdings in shares of 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 worth $304,480,000 after acquiring an additional 437,166 shares during the last quarter. 57.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

RSG has been the subject of several recent research reports. Citigroup boosted their price target on shares of Republic Services from $244.00 to $253.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Sanford C. Bernstein boosted their price target on shares of Republic Services from $205.00 to $220.00 and gave the stock a “market perform” rating in a research note on Monday, January 5th. BMO Capital Markets lowered their price target on shares of Republic Services from $251.00 to $248.00 and set an “outperform” rating for the company in a research note on Wednesday, February 18th. Wells Fargo & Company boosted their price target on shares of Republic Services from $238.00 to $252.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 18th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Republic Services in a research note on Friday, March 27th. Twelve investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $245.79.

Republic Services Stock Performance

Shares of NYSE:RSG opened at $213.99 on Friday. The company has a market cap of $66.11 billion, a price-to-earnings ratio of 31.24, a price-to-earnings-growth ratio of 3.41 and a beta of 0.53. The company has a 50-day moving average price of $220.06 and a 200-day moving average price of $216.65. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.08. Republic Services, Inc. has a 12 month low of $201.42 and a 12 month high of $258.75.

Republic Services (NYSE:RSG) last issued 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. The firm had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.21 billion. Republic Services had a net margin of 12.90% and a return on equity of 18.44%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.58 earnings per share. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. As a group, equities analysts anticipate that Republic Services, Inc. will post 7.22 EPS for the current year.

Republic Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Thursday, April 2nd were paid a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, April 2nd. Republic Services’s dividend payout ratio is 36.79%.

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.