Insider Buying: Republic Services (NYSE:RSG) Major Shareholder Purchases $39,794,578.44 in Stock

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. acquired 178,844 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were acquired at an average cost of $222.51 per share, with a total value of $39,794,578.44. Following the completion of the purchase, the insider owned 112,403,625 shares in the company, valued at approximately $25,010,930,598.75. This represents a 0.16% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares 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 18th, Cascade Investment, L.L.C. bought 200,125 shares of Republic Services stock. The stock was bought at an average cost of $217.90 per share, for a total transaction of $43,607,237.50.
• On Monday, August 17th, Cascade Investment, L.L.C. purchased 206,800 shares of Republic Services stock. The shares were bought at an average cost of $214.92 per share, with a total value of $44,445,456.00.
• On Friday, August 14th, Cascade Investment, L.L.C. acquired 149,250 shares of Republic Services stock. The stock was bought at an average price of $215.73 per share, for a total transaction of $32,197,702.50.
• On Thursday, August 13th, Cascade Investment, L.L.C. acquired 188,460 shares of Republic Services stock. The shares were bought at an average cost of $215.81 per share, for a total transaction of $40,671,552.60.
• On Wednesday, August 12th, Cascade Investment, L.L.C. acquired 174,500 shares of Republic Services stock. The shares were bought 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. purchased 240,000 shares of Republic Services stock. The shares were purchased at an average price of $216.32 per share, with a total value of $51,916,800.00.
• On Monday, August 10th, Cascade Investment, L.L.C. acquired 261,664 shares of Republic Services stock. The stock was purchased at an average cost of $214.89 per share, with a total value of $56,228,976.96.

Republic Services Trading Down 0.7%

Shares of RSG traded down $1.46 on Thursday, hitting $219.58. 1,392,602 shares of the stock traded hands, compared to its average volume of 1,548,682. Republic Services, Inc. has a 1 year low of $196.41 and a 1 year high of $237.06. The stock’s 50 day moving average is $214.52 and its two-hundred day moving average is $214.98. The firm has a market capitalization of $67.24 billion, a P/E ratio of 31.10, a P/E/G ratio of 3.55 and a beta of 0.40. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.12.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 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 during the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter in the prior year, the company posted $1.77 EPS. The company’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. As a group, sell-side analysts predict that Republic Services, Inc. will post 7.27 earnings per share for the current year.

Republic Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be issued a $0.67 dividend. This is a boost from Republic Services’s previous quarterly dividend of $0.62. The ex-dividend date is Friday, October 2nd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.2%. Republic Services’s dividend payout ratio (DPR) is 35.41%.

Wall Street Analysts Forecast Growth

RSG has been the topic of several research reports. Citigroup increased their target price on Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Morgan Stanley set a $232.00 price target on Republic Services in a research report on Friday, August 7th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $249.00 target price on shares of Republic Services in a report on Friday, May 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Republic Services in a report on Friday, July 24th. Finally, UBS Group lifted their price target on shares of Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Eleven equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $245.26.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Laurel Wealth Advisors LLC purchased a new stake in shares of Republic Services in the fourth quarter worth about $25,000. Bell Investment Advisors Inc purchased a new stake in shares of Republic Services during the 2nd quarter valued at about $25,000. Wealth Watch Advisors INC acquired a new position in Republic Services during the 3rd quarter worth approximately $26,000. Edmond DE Rothschild Holding S.A. purchased a new position in Republic Services in the 2nd quarter worth approximately $27,000. Finally, Compass Financial Management LLC acquired a new stake in Republic Services in the second quarter valued at approximately $27,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Company Profile

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.