Republic Services (NYSE:RSG) Major Shareholder Cascade Investment, L.L.C. Buys 200,125 Shares

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. bought 200,125 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was bought at an average price of $217.90 per share, for a total transaction of $43,607,237.50. Following the completion of the purchase, the insider owned 112,224,781 shares of the company’s stock, valued at approximately $24,453,779,779.90. The trade was a 0.18% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large 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 Wednesday, August 19th, Cascade Investment, L.L.C. purchased 178,844 shares of Republic Services stock. The shares were bought at an average price of $222.51 per share, with a total value of $39,794,578.44.
• On Monday, August 17th, Cascade Investment, L.L.C. purchased 206,800 shares of Republic Services stock. The shares were purchased at an average cost of $214.92 per share, for a total transaction of $44,445,456.00.
• On Friday, August 14th, Cascade Investment, L.L.C. purchased 149,250 shares of Republic Services stock. The shares were purchased at an average price of $215.73 per share, with a total value of $32,197,702.50.
• On Thursday, August 13th, Cascade Investment, L.L.C. acquired 188,460 shares of Republic Services stock. The stock was purchased at an average cost of $215.81 per share, with a total value of $40,671,552.60.
• On Wednesday, August 12th, Cascade Investment, L.L.C. acquired 174,500 shares of Republic Services stock. The stock was purchased at an average price of $215.80 per share, for a total transaction 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 acquired 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. bought 261,664 shares of Republic Services stock. The stock was acquired at an average price of $214.89 per share, with a total value of $56,228,976.96.

Republic Services Stock Performance

NYSE RSG opened at $219.58 on Friday. Republic Services, Inc. has a 12-month low of $196.41 and a 12-month high of $237.06. The company’s 50 day moving average is $214.75 and its 200-day moving average is $215.01. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.12. The firm has a market cap of $67.24 billion, a P/E ratio of 31.10, a price-to-earnings-growth ratio of 3.62 and a beta of 0.40.

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

Republic Services Increases Dividend

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

Hedge Funds Weigh In On Republic Services

Several institutional investors and hedge funds have recently made changes to their positions in the business. Wealth Watch Advisors INC purchased a new stake in Republic Services during the third quarter valued at about $26,000. Bell Investment Advisors Inc purchased a new position in shares of Republic Services in the second quarter worth about $25,000. Laurel Wealth Advisors LLC bought a new stake in shares of Republic Services in the 4th quarter valued at about $25,000. Edmond DE Rothschild Holding S.A. purchased a new stake in Republic Services during the 2nd quarter valued at about $27,000. Finally, Compass Financial Management LLC bought a new position in Republic Services during the 2nd quarter worth approximately $27,000. Institutional investors own 57.73% of the company’s stock.

Analysts Set New Price Targets

RSG has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Republic Services in a research note on Friday, July 24th. Citigroup boosted their price target on shares of Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $249.00 price target on shares of Republic Services in a report on Friday, May 8th. Argus lowered Republic Services from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Finally, Royal Bank Of Canada boosted their target price on Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Eleven investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, Republic Services currently has a consensus rating of “Moderate Buy” and an average price target of $245.26.

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.