Republic Services (NYSE:RSG) Major Shareholder Cascade Investment, L.L.C. Purchases 240,000 Shares of Stock

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. purchased 240,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was acquired at an average price of $216.32 per share, with a total value of $51,916,800.00. Following the completion of the transaction, the insider owned 111,305,646 shares of the company’s stock, valued at $24,077,637,342.72. This represents a 0.22% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Cascade Investment, L.L.C. also recently made the following trade(s):

• On Monday, August 10th, Cascade Investment, L.L.C. acquired 261,664 shares of Republic Services stock. The shares were purchased at an average cost of $214.89 per share, for a total transaction of $56,228,976.96.
• On Monday, May 18th, Cascade Investment, L.L.C. bought 60,700 shares of Republic Services stock. The stock was purchased at an average cost of $213.31 per share, with a total value of $12,947,917.00.
• On Friday, May 15th, Cascade Investment, L.L.C. bought 119,795 shares of Republic Services stock. The stock was purchased at an average price of $208.93 per share, with a total value of $25,028,769.35.
• On Thursday, May 14th, Cascade Investment, L.L.C. purchased 307,505 shares of Republic Services stock. The shares were purchased at an average cost of $207.68 per share, for a total transaction of $63,862,638.40.

Republic Services Stock Performance

NYSE:RSG opened at $214.13 on Thursday. The stock’s 50-day moving average is $213.78 and its 200-day moving average is $215.00. Republic Services, Inc. has a 1-year low of $196.41 and a 1-year high of $238.62. The company has a current ratio of 0.64, a quick ratio of 0.67 and a debt-to-equity ratio of 1.12. The stock has a market cap of $65.57 billion, a P/E ratio of 30.33, a price-to-earnings-growth ratio of 3.51 and a beta of 0.40.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.04. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The business had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.36 billion. During the same quarter last year, the business earned $1.77 EPS. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Equities research analysts anticipate that Republic Services, Inc. will post 7.29 earnings per share for the current year.

Republic Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.3%. This is a boost from Republic Services’s previous quarterly dividend of $0.62. The ex-dividend date is Friday, October 2nd. Republic Services’s dividend payout ratio (DPR) is presently 35.41%.

Institutional Trading of Republic Services

Large investors have recently modified their holdings of the stock. Laurel Wealth Advisors LLC acquired a new position in shares of Republic Services during the 4th quarter valued at $25,000. Bell Investment Advisors Inc acquired a new stake in Republic Services in the second quarter worth $25,000. Wealth Watch Advisors INC acquired a new position in shares of Republic Services during the third quarter valued at about $26,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Republic Services during the 2nd quarter worth about $27,000. Finally, Compass Financial Management LLC acquired a new stake in shares of Republic Services in the 2nd quarter valued at about $27,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on RSG shares. Weiss Ratings restated a “hold (c+)” rating on shares of Republic Services in a report on Friday, July 24th. Barclays upped their price objective on shares of Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Canadian Imperial Bank of Commerce reissued an “outperform” rating and set a $249.00 target price on shares of Republic Services in a research note on Friday, May 8th. Citigroup boosted their target price on shares of Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a report on Friday, July 10th. Finally, UBS Group increased their price target on Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a report on Tuesday. Eleven equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Republic Services currently has an average rating of “Moderate Buy” and a consensus target price of $245.26.

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.