Republic Services, Inc. (NYSE:RSG – Get 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 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
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.
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