Cascade Investment, L.L.C. Acquires 365,039 Shares of Republic Services (NYSE:RSG) Stock

Republic Services, Inc. (NYSE:RSGGet Free Report) major shareholder Cascade Investment, L.L.C. bought 365,039 shares of the stock in a transaction on Friday, September 4th. The stock was purchased at an average price of $223.16 per share, for a total transaction of $81,462,103.24. Following the completion of the purchase, the insider directly owned 115,756,830 shares in the company, valued at approximately $25,832,294,182.80. This represents a 0.32% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major 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 Thursday, September 3rd, Cascade Investment, L.L.C. purchased 370,264 shares of Republic Services stock. The shares were purchased at an average price of $224.81 per share, with a total value of $83,239,049.84.
  • On Wednesday, September 2nd, Cascade Investment, L.L.C. acquired 329,200 shares of Republic Services stock. The stock was acquired at an average price of $223.27 per share, for a total transaction of $73,500,484.00.
  • On Tuesday, September 1st, Cascade Investment, L.L.C. acquired 204,800 shares of Republic Services stock. The shares were acquired at an average cost of $222.68 per share, with a total value of $45,604,864.00.
  • On Monday, August 31st, Cascade Investment, L.L.C. bought 301,000 shares of Republic Services stock. The shares were acquired at an average price of $221.94 per share, with a total value of $66,803,940.00.
  • On Friday, August 28th, Cascade Investment, L.L.C. bought 251,400 shares of Republic Services stock. The stock was acquired at an average price of $221.03 per share, for a total transaction of $55,566,942.00.
  • On Thursday, August 27th, Cascade Investment, L.L.C. purchased 284,600 shares of Republic Services stock. The stock was acquired at an average cost of $219.52 per share, for a total transaction of $62,475,392.00.
  • On Wednesday, August 26th, Cascade Investment, L.L.C. acquired 275,500 shares of Republic Services stock. The shares were acquired at an average cost of $221.55 per share, with a total value of $61,037,025.00.
  • On Tuesday, August 25th, Cascade Investment, L.L.C. acquired 269,477 shares of Republic Services stock. The stock was bought at an average price of $221.88 per share, for a total transaction of $59,791,556.76.
  • On Monday, August 24th, Cascade Investment, L.L.C. bought 301,639 shares of Republic Services stock. The stock was bought 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 stock was bought at an average cost of $220.34 per share, with a total value of $42,164,482.74.

Republic Services Stock Up 0.4%

Shares of NYSE:RSG opened at $222.56 on Thursday. The firm has a market capitalization of $68.15 billion, a PE ratio of 31.52, a price-to-earnings-growth ratio of 3.67 and a beta of 0.40. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.64 and a current ratio of 0.64. Republic Services, Inc. has a 52-week low of $196.41 and a 52-week high of $233.42. The firm has a fifty day moving average of $218.07 and a 200 day moving average of $215.18.

Republic Services (NYSE:RSGGet Free Report) last issued 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. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The business had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.36 billion. During the same quarter in the prior year, the firm earned $1.77 earnings per share. Republic Services’s revenue for the quarter was up 4.6% on a year-over-year basis. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. As a group, research analysts anticipate that Republic Services, Inc. will post 7.27 EPS for the current fiscal year.

Republic Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be paid 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 annualized dividend and a dividend yield of 1.2%. Republic Services’s payout ratio is presently 35.41%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in RSG. Wealth Watch Advisors INC purchased a new stake in Republic Services in the third quarter worth $26,000. Bell Investment Advisors Inc purchased a new stake in shares of Republic Services in the 2nd quarter worth about $25,000. Edmond DE Rothschild Holding S.A. purchased a new position in Republic Services during the 2nd quarter valued at about $27,000. Compass Financial Management LLC bought a new stake in Republic Services during the second quarter worth about $27,000. Finally, Prosperity Bancshares Inc bought a new position in shares of Republic Services during the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Analyst Upgrades and Downgrades

RSG has been the topic of a number of recent analyst reports. UBS Group raised their price target on shares of Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Citigroup increased their target price on shares of Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Barclays raised their target price 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 price target on Republic Services in a research report on Friday, August 7th. Finally, Weiss Ratings upgraded Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 21st. Twelve research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, Republic Services has an average rating of “Moderate Buy” and a consensus target price of $245.26.

Get Our Latest Research Report on RSG

Republic Services Company Profile

(Get Free Report)

Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal and recycling services. The company serves residential, commercial, industrial and municipal customers, offering scheduled and on-demand waste pickup, roll-off containers, transfer-station services and landfill disposal.

Its recycling and environmental services include the collection and processing of recyclable materials, organics management, waste reduction programs and related sustainability solutions.

See Also

Insider Buying and Selling by Quarter for Republic Services (NYSE:RSG)

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