Republic Services (NYSE:RSG) Major Shareholder Cascade Investment, L.L.C. Acquires 200,125 Shares of Stock

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. acquired 200,125 shares of the stock in a transaction dated Tuesday, August 18th. The shares were purchased at an average cost of $217.90 per share, with a total value of $43,607,237.50. Following the completion of the purchase, the insider owned 112,224,781 shares of the company’s stock, valued at approximately $24,453,779,779.90. The trade was a 0.18% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Wednesday, August 19th, Cascade Investment, L.L.C. purchased 178,844 shares of Republic Services stock. The shares were acquired at an average price of $222.51 per share, for a total transaction of $39,794,578.44.
• On Monday, August 17th, Cascade Investment, L.L.C. purchased 206,800 shares of Republic Services stock. The shares were acquired at an average cost of $214.92 per share, with a total value of $44,445,456.00.
• On Friday, August 14th, Cascade Investment, L.L.C. acquired 149,250 shares of Republic Services stock. The stock was acquired at an average price of $215.73 per share, with a total value of $32,197,702.50.
• On Thursday, August 13th, Cascade Investment, L.L.C. acquired 188,460 shares of Republic Services stock. The stock was acquired at an average price of $215.81 per share, for a total transaction of $40,671,552.60.
• On Wednesday, August 12th, Cascade Investment, L.L.C. bought 174,500 shares of Republic Services stock. The shares were acquired at an average cost of $215.80 per share, for a total transaction of $37,657,100.00.
• On Tuesday, August 11th, Cascade Investment, L.L.C. purchased 240,000 shares of Republic Services stock. The stock was acquired at an average cost of $216.32 per share, with a total value of $51,916,800.00.
• On Monday, August 10th, Cascade Investment, L.L.C. purchased 261,664 shares of Republic Services stock. The stock was bought at an average price of $214.89 per share, for a total transaction of $56,228,976.96.

Republic Services Trading Down 0.7%

Republic Services stock traded down $1.46 during mid-day trading on Thursday, reaching $219.58. 1,392,602 shares of the company traded hands, compared to its average volume of 1,548,682. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.64 and a quick ratio of 0.64. The firm’s 50 day moving average price is $214.52 and its 200 day moving average price is $214.98. The firm has a market capitalization of $67.24 billion, a price-to-earnings ratio of 31.10, a P/E/G ratio of 3.55 and a beta of 0.40. Republic Services, Inc. has a 52-week low of $196.41 and a 52-week high of $237.06.

Republic Services (NYSE:RSG) last posted its earnings results on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, topping the consensus estimate of $1.81 by $0.04. The firm had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the company posted $1.77 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, analysts anticipate that Republic Services, Inc. will post 7.27 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.2%. 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 35.41%.

Hedge Funds Weigh In On Republic Services

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Laurel Wealth Advisors LLC purchased a new stake in shares of Republic Services in the fourth quarter worth $25,000. Bell Investment Advisors Inc purchased a new position in shares of Republic Services during the 2nd quarter valued at $25,000. Wealth Watch Advisors INC bought a new position in Republic Services in the 3rd quarter worth $26,000. Edmond DE Rothschild Holding S.A. purchased a new stake in Republic Services in the 2nd quarter worth $27,000. Finally, Compass Financial Management LLC bought a new stake in Republic Services during the second quarter valued at about $27,000. Institutional investors own 57.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on RSG. Argus downgraded Republic Services from a “buy” rating to a “hold” rating in a report on Monday, May 11th. Barclays lifted their price target on Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $249.00 price objective on shares of Republic Services in a report on Friday, May 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Republic Services in a research report on Friday, July 24th. Finally, Morgan Stanley set a $232.00 target price on shares of Republic Services in a report on Friday, August 7th. Eleven analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, Republic Services has a consensus rating of “Moderate Buy” and a consensus price target 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.