Republic Services (NYSE:RSG) Major Shareholder Cascade Investment, L.L.C. Acquires 208,925 Shares

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. bought 208,925 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was acquired at an average cost of $220.26 per share, with a total value of $46,017,820.50. Following the completion of the transaction, the insider directly owned 112,612,550 shares of the company’s stock, valued at approximately $24,804,040,263. This represents a 0.19% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 10% 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, August 21st, Cascade Investment, L.L.C. acquired 191,361 shares of Republic Services stock. The stock was acquired at an average cost of $220.34 per share, with a total value of $42,164,482.74.
• On Wednesday, August 19th, Cascade Investment, L.L.C. bought 178,844 shares of Republic Services stock. The shares were acquired at an average cost of $222.51 per share, for a total transaction of $39,794,578.44.
• On Tuesday, August 18th, Cascade Investment, L.L.C. purchased 200,125 shares of Republic Services stock. The stock was bought at an average cost of $217.90 per share, with a total value 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 price 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 cost of $215.73 per share, for a total transaction of $32,197,702.50.
• On Thursday, August 13th, Cascade Investment, L.L.C. bought 188,460 shares of Republic Services stock. The shares were bought 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. purchased 174,500 shares of Republic Services stock. The stock was purchased at an average cost of $215.80 per share, for a total transaction of $37,657,100.00.
• On Tuesday, August 11th, Cascade Investment, L.L.C. acquired 240,000 shares of Republic Services stock. The shares were purchased 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. bought 261,664 shares of Republic Services stock. The stock was purchased at an average price of $214.89 per share, for a total transaction of $56,228,976.96.

Republic Services Stock Performance

RSG stock traded up $2.37 during mid-day trading on Monday, reaching $223.04. 1,362,297 shares of the stock traded hands, compared to its average volume of 1,544,581. The firm has a market capitalization of $68.30 billion, a PE ratio of 31.59, a P/E/G ratio of 3.66 and a beta of 0.40. The business has a 50-day moving average of $214.96 and a two-hundred day moving average of $215.04. Republic Services, Inc. has a 52 week low of $196.41 and a 52 week high of $235.98. 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 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.04. The business 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 revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.77 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. As a group, equities analysts predict that Republic Services, Inc. will post 7.27 EPS for the current fiscal year.

Republic Services Increases Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Korea Investment CORP acquired a new position in shares of Republic Services during the second quarter worth about $20,602,000. Bridgewater Advisors Inc. bought a new stake in Republic Services in the 2nd quarter valued at approximately $535,000. iA Global Asset Management Inc. boosted its position in 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 acquiring an additional 10,000 shares during the last quarter. Norges Bank bought a new position in shares of Republic Services during the 4th quarter worth approximately $617,165,000. Finally, Varma Mutual Pension Insurance Co raised its holdings in shares of Republic Services by 25.6% in the fourth quarter. Varma Mutual Pension Insurance Co now owns 67,178 shares of the business services provider’s stock valued at $14,237,000 after purchasing an additional 13,700 shares during the last quarter. 57.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

RSG has been the topic of several research analyst reports. Morgan Stanley set a $232.00 price target on shares of Republic Services in a research report on Friday, August 7th. Barclays boosted their price target on Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Citigroup raised their price objective on Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. UBS Group upped their target price on Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $249.00 target price on shares of Republic Services in a research report on Friday, May 8th. Twelve investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Republic Services has a consensus rating of “Moderate Buy” and a consensus target price of $245.26.

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.