Republic Services (NYSE:RSG) Major Shareholder Cascade Investment, L.L.C. Buys 188,460 Shares of Stock

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. bought 188,460 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were acquired at an average price of $215.81 per share, for a total transaction of $40,671,552.60. Following the acquisition, the insider directly owned 111,668,606 shares of the company’s stock, valued at approximately $24,099,201,860.86. The trade was a 0.17% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Major 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 Wednesday, August 12th, Cascade Investment, L.L.C. purchased 174,500 shares of Republic Services stock. The stock was acquired at an average cost of $215.80 per share, with a total value of $37,657,100.00.
• On Tuesday, August 11th, Cascade Investment, L.L.C. purchased 240,000 shares of Republic Services stock. The shares were bought at an average price of $216.32 per share, for a total transaction of $51,916,800.00.
• On Monday, August 10th, Cascade Investment, L.L.C. acquired 261,664 shares of Republic Services stock. The shares were bought 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. acquired 60,700 shares of Republic Services stock. The stock was bought at an average price of $213.31 per share, with a total value of $12,947,917.00.

Republic Services Trading Down 0.2%

Shares of NYSE RSG opened at $214.75 on Friday. Republic Services, Inc. has a 1-year low of $196.41 and a 1-year high of $238.62. The company has a 50-day moving average of $214.01 and a two-hundred day moving average of $214.98. The company has a market cap of $65.76 billion, a PE ratio of 30.42, a P/E/G ratio of 3.52 and a beta of 0.40. The company has a current ratio of 0.64, a quick ratio of 0.67 and a debt-to-equity ratio of 1.12.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, beating 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 net margin of 12.94% and a return on equity of 18.69%. Republic Services’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. As a group, equities analysts expect that Republic Services, Inc. will post 7.27 earnings per share for the current fiscal year.

Republic Services Increases Dividend

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on RSG. Citigroup upped their price target on Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Republic Services in a research report on Friday, July 24th. Morgan Stanley set a $232.00 price objective on Republic Services in a report on Friday, August 7th. Barclays raised their target price 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. Finally, UBS Group lifted their price target on shares of Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a research report on Tuesday. Eleven investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $245.26.

Institutional Investors Weigh In On Republic Services

A number of institutional investors have recently made changes to their positions in the stock. Wealth Watch Advisors INC bought a new position in Republic Services during the third quarter worth about $26,000. Bell Investment Advisors Inc bought a new stake in shares of Republic Services in the 2nd quarter valued at about $25,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Republic Services in the 4th quarter valued at approximately $25,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Republic Services in the 2nd quarter valued at approximately $27,000. Finally, Compass Financial Management LLC bought a new position in Republic Services during the 2nd quarter worth approximately $27,000. 57.73% of the stock is owned by institutional investors and hedge funds.

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.