Republic Services (NYSE:RSG) Major Shareholder Cascade Investment, L.L.C. Purchases 149,250 Shares

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. purchased 149,250 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were acquired at an average cost of $215.73 per share, with a total value of $32,197,702.50. Following the completion of the purchase, the insider directly owned 111,817,856 shares in the company, valued at $24,122,466,074.88. The trade was a 0.13% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more 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 Monday, August 17th, Cascade Investment, L.L.C. acquired 206,800 shares of Republic Services stock. The stock was acquired at an average cost of $214.92 per share, for a total transaction of $44,445,456.00.
• On Thursday, August 13th, Cascade Investment, L.L.C. bought 188,460 shares of Republic Services stock. The stock was acquired at an average price of $215.81 per share, for a total transaction of $40,671,552.60.
• On Wednesday, August 12th, Cascade Investment, L.L.C. bought 174,500 shares of Republic Services stock. The shares were acquired at an average price of $215.80 per share, with a total value of $37,657,100.00.
• On Tuesday, August 11th, Cascade Investment, L.L.C. bought 240,000 shares of Republic Services stock. The shares were bought at an average cost of $216.32 per share, with a total value of $51,916,800.00.
• On Monday, August 10th, Cascade Investment, L.L.C. purchased 261,664 shares of Republic Services stock. The stock was bought at an average price of $214.89 per share, for a total transaction of $56,228,976.96.

Republic Services Trading Up 0.9%

Shares of RSG opened at $217.17 on Wednesday. The firm has a market capitalization of $66.50 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 3.51 and a beta of 0.40. 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 1-year low of $196.41 and a 1-year high of $238.62. The company has a 50-day moving average of $214.36 and a 200 day moving average of $214.94.

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

Republic Services Increases Dividend

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

Analyst Upgrades and Downgrades

RSG has been the subject of a number of research analyst reports. Barclays lifted their target price on Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Royal Bank Of Canada raised their price target on Republic Services from $265.00 to $267.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Argus downgraded Republic Services from a “buy” rating to a “hold” rating in a report on Monday, May 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Republic Services in a report on Friday, July 24th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating and set a $249.00 target price on shares of Republic Services in a research report on Friday, May 8th. Eleven research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $245.26.

Institutional Trading of Republic Services

Several hedge funds and other institutional investors have recently bought and sold shares of RSG. Wealth Watch Advisors INC bought a new position in shares of Republic Services in the 3rd quarter worth $26,000. Bell Investment Advisors Inc bought a new stake in Republic Services during the second quarter valued at about $25,000. Laurel Wealth Advisors LLC purchased a new position in Republic Services in the fourth quarter valued at about $25,000. Edmond DE Rothschild Holding S.A. purchased a new position in Republic Services in the second quarter valued at about $27,000. Finally, Compass Financial Management LLC bought a new position in Republic Services in the second quarter worth about $27,000. Institutional investors own 57.73% of the company’s stock.

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.