Republic Services (NYSE:RSG) Major Shareholder Buys 261,664 Shares

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. purchased 261,664 shares of the company’s stock in a transaction on Monday, August 10th. The stock was acquired at an average price of $214.89 per share, with a total value of $56,228,976.96. Following the purchase, the insider owned 111,065,646 shares of the company’s stock, valued at approximately $23,866,896,668.94. This represents a 0.24% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 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 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.
• On Monday, May 18th, Cascade Investment, L.L.C. bought 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.
• On Friday, May 15th, Cascade Investment, L.L.C. bought 119,795 shares of Republic Services stock. The shares were bought at an average cost of $208.93 per share, with a total value of $25,028,769.35.
• On Thursday, May 14th, Cascade Investment, L.L.C. purchased 307,505 shares of Republic Services stock. The shares were bought at an average price of $207.68 per share, for a total transaction of $63,862,638.40.

Republic Services Stock Down 0.4%

RSG stock traded down $0.95 during mid-day trading on Wednesday, reaching $214.13. The company had a trading volume of 1,311,967 shares, compared to its average volume of 1,557,017. The firm has a fifty day simple moving average of $213.58 and a 200 day simple moving average of $215.01. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.67 and a current ratio of 0.64. The company has a market capitalization of $65.57 billion, a price-to-earnings ratio of 30.33, a price-to-earnings-growth ratio of 3.51 and a beta of 0.40. Republic Services, Inc. has a fifty-two week low of $196.41 and a fifty-two week high of $238.62.

Republic Services (NYSE:RSG) last released its earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.04. The firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.36 billion. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The business’s quarterly 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. Analysts forecast that Republic Services, Inc. will post 7.28 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. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.3%. This is a boost from Republic Services’s previous quarterly dividend of $0.62. Republic Services’s payout ratio is currently 37.96%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Royal Bank Of Canada lifted their price objective on shares of Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. UBS Group raised their price target on Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a research note on Tuesday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Republic Services in a report on Friday, July 24th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $249.00 price objective on shares of Republic Services in a report on Friday, May 8th. Finally, Robert W. Baird cut their target price on Republic Services from $242.00 to $240.00 and set a “neutral” rating on the stock in a research report on Thursday, April 16th. Eleven equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $245.26.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. CBIZ Investment Advisory Services LLC grew its holdings in Republic Services by 11.3% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 445 shares of the business services provider’s stock valued at $94,000 after buying an additional 45 shares in the last quarter. Focus Financial Network Inc. boosted its position in shares of Republic Services by 2.5% in the second quarter. Focus Financial Network Inc. now owns 1,861 shares of the business services provider’s stock valued at $397,000 after acquiring an additional 46 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. grew its stake in Republic Services by 0.5% during the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 10,454 shares of the business services provider’s stock valued at $2,216,000 after acquiring an additional 48 shares in the last quarter. Williams Jones Wealth Management LLC. increased its holdings in Republic Services by 2.6% during the 4th quarter. Williams Jones Wealth Management LLC. now owns 1,925 shares of the business services provider’s stock worth $408,000 after acquiring an additional 49 shares during the period. Finally, ICONIQ Capital LLC lifted its stake in Republic Services by 3.3% in the 2nd quarter. ICONIQ Capital LLC now owns 1,558 shares of the business services provider’s stock worth $384,000 after purchasing an additional 50 shares in the last quarter. 57.73% of the stock is owned by hedge funds and other 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.