Insider Buying: Republic Services (NYSE:RSG) Major Shareholder Purchases $44,445,456.00 in Stock

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. bought 206,800 shares of the stock in a transaction on Monday, August 17th. The stock was purchased at an average price of $214.92 per share, for a total transaction of $44,445,456.00. Following the completion of the purchase, the insider owned 112,024,656 shares of the company’s stock, valued at approximately $24,076,339,067.52. This trade represents a 0.18% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% 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 Wednesday, August 19th, Cascade Investment, L.L.C. bought 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. bought 200,125 shares of Republic Services stock. The shares were purchased at an average cost of $217.90 per share, for a total transaction of $43,607,237.50.
• On Friday, August 14th, Cascade Investment, L.L.C. acquired 149,250 shares of Republic Services stock. The shares were acquired at an average cost of $215.73 per share, with a total value of $32,197,702.50.
• On Thursday, August 13th, Cascade Investment, L.L.C. bought 188,460 shares of Republic Services stock. The stock was purchased 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 stock was acquired at an average cost 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 stock was bought at an average cost of $216.32 per share, for a total transaction 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 price of $214.89 per share, for a total transaction of $56,228,976.96.

Republic Services Stock Down 0.7%

Shares of Republic Services stock 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 has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.12. The company’s fifty day simple moving average is $214.75 and its two-hundred day simple moving average is $215.01. The company has a market cap of $67.24 billion, a P/E ratio of 31.10, a PEG ratio of 3.62 and a beta of 0.40.

Republic Services (NYSE:RSG) last announced its earnings results 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 firm had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.36 billion. During the same quarter in the previous year, the business posted $1.77 EPS. The company’s quarterly revenue was up 4.6% on a year-over-year basis. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Research analysts anticipate 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 issued a $0.67 dividend. The ex-dividend date of this dividend is Friday, October 2nd. This is an increase 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 presently 35.41%.

Wall Street Analysts Forecast Growth

RSG has been the topic of a number of recent analyst reports. Argus cut shares of Republic Services from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Morgan Stanley set a $232.00 price target on Republic Services in a report on Friday, August 7th. Barclays upped their target price on shares of Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. UBS Group raised their price target on Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Republic Services in a report on Friday, July 24th. Eleven research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $245.26.

Institutional Investors Weigh In On Republic Services

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

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.