Cascade Investment, L.L.C. Purchases 269,477 Shares of Republic Services (NYSE:RSG) Stock

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. acquired 269,477 shares of the company’s stock in a transaction dated Tuesday, August 25th. The shares were bought at an average price of $221.88 per share, for a total transaction of $59,791,556.76. Following the acquisition, the insider owned 113,375,027 shares in the company, valued at approximately $25,155,650,990.76. This trade represents a 0.24% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 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 Monday, August 24th, Cascade Investment, L.L.C. bought 301,639 shares of Republic Services stock. The shares were purchased at an average cost of $222.91 per share, for a total transaction of $67,238,349.49.
• On Friday, August 21st, Cascade Investment, L.L.C. purchased 191,361 shares of Republic Services stock. The shares were purchased at an average price of $220.34 per share, for a total transaction of $42,164,482.74.
• On Thursday, August 20th, Cascade Investment, L.L.C. acquired 208,925 shares of Republic Services stock. The stock was purchased at an average price of $220.26 per share, with a total value of $46,017,820.50.
• On Wednesday, August 19th, Cascade Investment, L.L.C. acquired 178,844 shares of Republic Services stock. The shares were purchased at an average cost of $222.51 per share, for a total transaction of $39,794,578.44.
• On Tuesday, August 18th, Cascade Investment, L.L.C. acquired 200,125 shares of Republic Services stock. The shares were purchased at an average price of $217.90 per share, for a total transaction of $43,607,237.50.
• On Monday, August 17th, Cascade Investment, L.L.C. bought 206,800 shares of Republic Services stock. The stock was purchased 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. purchased 149,250 shares of Republic Services stock. The shares were acquired 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 acquired at an average price of $215.81 per share, with a total value of $40,671,552.60.
• On Wednesday, August 12th, Cascade Investment, L.L.C. acquired 174,500 shares of Republic Services stock. The shares were 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. acquired 240,000 shares of Republic Services stock. The stock was bought at an average price of $216.32 per share, for a total transaction of $51,916,800.00.

Republic Services Stock Performance

Shares of NYSE:RSG opened at $219.05 on Friday. The business’s fifty day moving average price is $216.07 and its two-hundred day moving average price is $215.15. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.64 and a quick ratio of 0.64. Republic Services, Inc. has a fifty-two week low of $196.41 and a fifty-two week high of $235.18. The stock has a market capitalization of $67.08 billion, a price-to-earnings ratio of 31.03, a price-to-earnings-growth ratio of 3.68 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 analysts’ consensus estimates of $1.81 by $0.04. The business 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 firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the company posted $1.77 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. As a group, analysts predict that Republic Services, Inc. will post 7.27 EPS for the current fiscal year.

Republic Services Increases Dividend

The firm also recently announced 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. The ex-dividend date is Friday, October 2nd. This is a boost from Republic Services’s previous quarterly dividend of $0.62. This represents a $2.68 annualized dividend and a dividend yield of 1.2%. Republic Services’s dividend payout ratio (DPR) is currently 37.96%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on RSG shares. UBS Group increased their price objective on Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $249.00 price objective on shares of Republic Services in a report on Friday, May 8th. Barclays upped 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. Argus cut shares of Republic Services from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. Finally, Citigroup boosted their price target 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. Twelve equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, Republic Services presently has a consensus rating of “Moderate Buy” and an average price target of $245.26.

Hedge Funds Weigh In On Republic Services

Hedge funds and other institutional investors have recently made changes to their positions in the company. Corient Private Wealth LP increased its stake in shares of Republic Services by 39.0% during the 2nd quarter. Corient Private Wealth LP now owns 153,096 shares of the business services provider’s stock worth $32,622,000 after purchasing an additional 42,943 shares during the last quarter. Schulz Wealth LTD. acquired a new stake in Republic Services in the 2nd quarter valued at about $279,000. Groupe la Francaise grew its holdings in Republic Services by 17.8% during the second quarter. Groupe la Francaise now owns 71,736 shares of the business services provider’s stock worth $15,291,000 after purchasing an additional 10,853 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Republic Services during the second quarter worth about $13,002,000. Finally, California State Teachers Retirement System increased its position in Republic Services by 19,694.6% during 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 buying an additional 49,545,228 shares during the last quarter. 57.73% of the stock is owned by institutional investors.

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.