Republic Services (NYSE:RSG) Major Shareholder Cascade Investment, L.L.C. Acquires 301,000 Shares

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. bought 301,000 shares of Republic Services stock in a transaction on Monday, August 31st. The shares were purchased at an average cost of $221.94 per share, with a total value of $66,803,940.00. Following the acquisition, the insider directly owned 114,487,527 shares of the company’s stock, valued at approximately $25,409,361,742.38. The trade was a 0.26% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major 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 Friday, August 28th, Cascade Investment, L.L.C. purchased 251,400 shares of Republic Services stock. The shares were purchased at an average price of $221.03 per share, with a total value of $55,566,942.00.
• On Thursday, August 27th, Cascade Investment, L.L.C. acquired 284,600 shares of Republic Services stock. The stock was purchased at an average cost of $219.52 per share, with a total value of $62,475,392.00.
• On Wednesday, August 26th, Cascade Investment, L.L.C. bought 275,500 shares of Republic Services stock. The shares were acquired at an average cost of $221.55 per share, for a total transaction of $61,037,025.00.
• On Tuesday, August 25th, Cascade Investment, L.L.C. purchased 269,477 shares of Republic Services stock. The stock was acquired at an average cost of $221.88 per share, for a total transaction of $59,791,556.76.
• On Monday, August 24th, Cascade Investment, L.L.C. acquired 301,639 shares of Republic Services stock. The shares were acquired at an average cost of $222.91 per share, with a total value of $67,238,349.49.
• On Friday, August 21st, Cascade Investment, L.L.C. bought 191,361 shares of Republic Services stock. The stock was acquired at an average cost of $220.34 per share, for a total transaction of $42,164,482.74.
• On Thursday, August 20th, Cascade Investment, L.L.C. bought 208,925 shares of Republic Services stock. The shares were bought at an average price of $220.26 per share, for a total transaction of $46,017,820.50.
• On Wednesday, August 19th, Cascade Investment, L.L.C. purchased 178,844 shares of Republic Services stock. The stock was bought at an average price of $222.51 per share, with a total value 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. acquired 206,800 shares of Republic Services stock. The shares were bought at an average price of $214.92 per share, for a total transaction of $44,445,456.00.

Republic Services Stock Up 1.1%

Shares of NYSE:RSG opened at $223.27 on Wednesday. Republic Services, Inc. has a 52-week low of $196.41 and a 52-week high of $235.18. The stock has a market cap of $68.37 billion, a P/E ratio of 31.62, a PEG ratio of 3.66 and a beta of 0.40. The business has a fifty day moving average of $217.04 and a two-hundred day moving average of $215.10. 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 results on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, topping the consensus estimate of $1.81 by $0.04. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The business had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same quarter in the previous year, the firm earned $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. On average, research analysts expect that Republic Services, Inc. will post 7.27 earnings per share for the current year.

Republic Services Increases Dividend

The company also recently announced 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 represents a $2.68 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, October 2nd. This is a positive change from Republic Services’s previous quarterly dividend of $0.62. Republic Services’s dividend payout ratio (DPR) is presently 35.41%.

Analyst Ratings Changes

Several research firms have recently commented on RSG. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and set a $249.00 price target on shares of Republic Services in a research report on Friday, May 8th. Weiss Ratings raised Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. Argus lowered Republic Services from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. 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. Finally, UBS Group upped their target price 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. 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 currently has an average rating of “Moderate Buy” and an average target price of $245.26.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Wealth Watch Advisors INC purchased a new position in Republic Services during the 3rd quarter valued at about $26,000. Bell Investment Advisors Inc purchased a new stake in Republic Services during the second quarter worth about $25,000. Edmond DE Rothschild Holding S.A. purchased a new stake in Republic Services during the second quarter worth about $27,000. Compass Financial Management LLC acquired a new stake in shares of Republic Services during the second quarter worth about $27,000. Finally, Prosperity Bancshares Inc purchased a new position in shares of Republic Services in the fourth quarter valued at approximately $30,000. 57.73% of the stock is currently 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.