Republic Services (NYSE:RSG) Major Shareholder Cascade Investment, L.L.C. Purchases 275,500 Shares of Stock

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. acquired 275,500 shares of Republic Services stock in a transaction that occurred on Wednesday, August 26th. The stock was acquired at an average price of $221.55 per share, with a total value of $61,037,025.00. Following the completion of the acquisition, the insider directly owned 113,650,527 shares in the company, valued at $25,179,274,256.85. This represents a 0.24% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more 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 Thursday, August 27th, Cascade Investment, L.L.C. bought 284,600 shares of Republic Services stock. The shares were bought at an average price of $219.52 per share, for a total transaction of $62,475,392.00.
• On Tuesday, August 25th, Cascade Investment, L.L.C. purchased 269,477 shares of Republic Services stock. The shares were bought at an average cost of $221.88 per share, for a total transaction of $59,791,556.76.
• On Monday, August 24th, Cascade Investment, L.L.C. purchased 301,639 shares of Republic Services stock. The stock was bought at an average price of $222.91 per share, with a total value of $67,238,349.49.
• On Friday, August 21st, Cascade Investment, L.L.C. acquired 191,361 shares of Republic Services stock. The shares were bought at an average cost of $220.34 per share, with a total value of $42,164,482.74.
• On Thursday, August 20th, Cascade Investment, L.L.C. acquired 208,925 shares of Republic Services stock. The shares were bought at an average price of $220.26 per share, for a total transaction of $46,017,820.50.
• On Wednesday, August 19th, Cascade Investment, L.L.C. bought 178,844 shares of Republic Services stock. The stock was bought at an average price of $222.51 per share, for a total transaction of $39,794,578.44.
• On Tuesday, August 18th, Cascade Investment, L.L.C. bought 200,125 shares of Republic Services stock. The stock was bought at an average cost of $217.90 per share, with a total value of $43,607,237.50.
• On Monday, August 17th, Cascade Investment, L.L.C. bought 206,800 shares of Republic Services stock. The shares were bought at an average price of $214.92 per share, with a total value of $44,445,456.00.
• On Friday, August 14th, Cascade Investment, L.L.C. purchased 149,250 shares of Republic Services stock. The stock was purchased at an average price of $215.73 per share, for a total transaction 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 purchased at an average cost of $215.81 per share, with a total value of $40,671,552.60.

Republic Services Stock Up 1.4%

Republic Services stock opened at $222.24 on Friday. Republic Services, Inc. has a one year low of $196.41 and a one year high of $235.18. The stock has a fifty day moving average of $216.42 and a 200 day moving average of $215.19. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market cap of $68.05 billion, a PE ratio of 31.48, a price-to-earnings-growth ratio of 3.63 and a beta of 0.40.

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

Republic Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be issued a $0.67 dividend. The ex-dividend date of this dividend is Friday, October 2nd. This is a positive change from Republic Services’s previous quarterly dividend of $0.62. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.2%. Republic Services’s payout ratio is 35.41%.

Hedge Funds Weigh In On Republic Services

Several large investors have recently added to or reduced their stakes in RSG. California State Teachers Retirement System boosted its position in shares of Republic Services by 19,694.6% in the second quarter. California State Teachers Retirement System now owns 49,796,796 shares of the business services provider’s stock worth $10,610,701,000 after purchasing an additional 49,545,228 shares during the period. BlackRock Inc. bought a new stake in shares of Republic Services during the 2nd quarter valued at $3,798,092,000. State Street Corp lifted its stake in shares of Republic Services by 1.7% during the 4th quarter. State Street Corp now owns 9,695,747 shares of the business services provider’s stock valued at $2,054,820,000 after buying an additional 166,474 shares in the last quarter. Capital World Investors lifted its stake in shares of Republic Services by 27.7% during the 4th quarter. Capital World Investors now owns 8,765,623 shares of the business services provider’s stock valued at $1,857,698,000 after buying an additional 1,899,183 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in Republic Services by 38.6% in the 4th quarter. Morgan Stanley now owns 5,348,501 shares of the business services provider’s stock worth $1,133,509,000 after buying an additional 1,490,719 shares during the period. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services News Summary

Here are the key news stories impacting Republic Services this week:

• Positive Sentiment: Cascade Investment continued its aggressive accumulation of RSG. The major shareholder purchased 284,600 shares on August 27 for approximately $62.5 million and 275,500 shares on August 26 for about $61.0 million. These purchases followed a $59.8 million acquisition on August 25 and a series of additional open-market buys. Recent disclosures indicate Cascade has bought more than 3.5 million shares worth approximately $764 million over six months, a potential signal of long-term confidence in Republic Services. Major Investment Powerhouse Makes Massive New Move Into Republic Services Stock
• Positive Sentiment: Analyst sentiment remains constructive. Republic Services carries a consensus “Moderate Buy” rating, with 12 Buy ratings and 10 Holds. The average price target is approximately $245, above recent trading levels, while Citigroup and RBC Capital Markets have set targets of $259 and $267, respectively. Republic Services Receives Consensus Rating of Moderate Buy
• Positive Sentiment: The dividend was raised. Republic Services increased its quarterly dividend to $0.67 from $0.62, equivalent to $2.68 annually and a yield of about 1.2%. The increase reinforces the company’s shareholder-return profile.
• Neutral Sentiment: Recent coverage also highlighted Republic Services as a participant in the broader circular-economy and recycling investment theme. The company’s latest quarter included revenue growth of 4.6% and an EPS beat, but those results were reported earlier and are likely already reflected in the valuation.
• Negative Sentiment: At roughly 31 times earnings and a PEG ratio above 3.5, RSG is priced at a premium. Some institutional investors reduced holdings recently, and UBS maintains a neutral rating, limiting the potential impact of the bullish signals.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Argus cut shares of Republic Services from a “buy” rating to a “hold” rating in a report on Monday, May 11th. UBS Group boosted their price objective on shares of Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Barclays upped their price objective on Republic Services from $233.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Morgan Stanley set a $232.00 target price on Republic Services in a report on Friday, August 7th. Finally, Weiss Ratings raised Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 21st. Twelve investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $245.26.

Republic Services Company 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.