Republic Services (NYSE:RSG) Major Shareholder Cascade Investment, L.L.C. Purchases 256,000 Shares

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. purchased 256,000 shares of Republic Services stock in a transaction that occurred on Thursday, September 10th. The shares were acquired at an average price of $222.30 per share, with a total value of $56,908,800.00. Following the acquisition, the insider directly owned 116,733,634 shares of the company’s stock, valued at $25,949,886,838.20. This trade represents a 0.22% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more 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 Friday, September 11th, Cascade Investment, L.L.C. purchased 324,810 shares of Republic Services stock. The stock was bought at an average price of $222.89 per share, for a total transaction of $72,396,900.90.
• On Wednesday, September 9th, Cascade Investment, L.L.C. purchased 311,304 shares of Republic Services stock. The shares were acquired at an average price of $221.31 per share, for a total transaction of $68,894,688.24.
• On Tuesday, September 8th, Cascade Investment, L.L.C. acquired 409,500 shares of Republic Services stock. The shares were acquired at an average price of $221.49 per share, with a total value of $90,700,155.00.
• On Friday, September 4th, Cascade Investment, L.L.C. acquired 365,039 shares of Republic Services stock. The shares were acquired at an average price of $223.16 per share, with a total value of $81,462,103.24.
• On Thursday, September 3rd, Cascade Investment, L.L.C. purchased 370,264 shares of Republic Services stock. The stock was acquired at an average cost of $224.81 per share, for a total transaction of $83,239,049.84.
• On Wednesday, September 2nd, Cascade Investment, L.L.C. bought 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. bought 204,800 shares of Republic Services stock. The shares were acquired at an average price of $222.68 per share, for a total transaction 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 purchased 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. acquired 251,400 shares of Republic Services stock. The shares were purchased 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 shares were purchased at an average cost of $219.52 per share, with a total value of $62,475,392.00.

Republic Services Stock Performance

RSG traded up $3.07 during trading on Monday, hitting $225.81. The stock had a trading volume of 1,393,169 shares, compared to its average volume of 1,441,869. Republic Services, Inc. has a 12 month low of $196.41 and a 12 month high of $233.42. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.12. The firm has a market cap of $69.15 billion, a PE ratio of 31.98, a P/E/G ratio of 3.69 and a beta of 0.40. The company has a 50 day simple moving average of $218.48 and a 200-day simple moving average of $215.24.

Republic Services (NYSE:RSG) last issued its earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.04. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The company had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.36 billion. During the same period in the prior year, the firm earned $1.77 EPS. Republic Services’s quarterly revenue was up 4.6% compared to the same quarter last year. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Analysts expect that Republic Services, Inc. will post 7.27 EPS for the current year.

Republic Services Increases Dividend

The business 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. This is an increase from Republic Services’s previous quarterly dividend of $0.62. This represents a $2.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, October 2nd. Republic Services’s payout ratio is 35.41%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Citigroup raised their price target on Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Weiss Ratings upgraded shares of Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. UBS Group boosted their price objective on shares of Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Morgan Stanley set a $232.00 target price on shares of Republic Services in a research note on Friday, August 7th. Finally, Barclays lifted their target price on shares of Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Twelve analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $245.26.

Institutional Trading of Republic Services

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Korea Investment CORP purchased a new position in Republic Services during the 2nd quarter valued at $20,602,000. Bridgewater Advisors Inc. bought a new position in Republic Services in the second quarter worth approximately $535,000. Equitable Holdings Inc. bought a new stake in Republic Services during the 2nd quarter valued at $1,381,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Republic Services in the 2nd quarter worth $16,335,000. Finally, iA Global Asset Management Inc. grew its position in shares of Republic Services by 18.5% during the 4th quarter. iA Global Asset Management Inc. now owns 64,200 shares of the business services provider’s stock worth $13,606,000 after buying an additional 10,000 shares in the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

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.