Republic Services (NYSE:RSG) Major Shareholder Buys $42,164,482.74 in Stock

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. bought 191,361 shares of Republic Services stock in a transaction dated Friday, August 21st. The shares were bought at an average price of $220.34 per share, for a total transaction of $42,164,482.74. Following the completion of the transaction, the insider directly owned 112,803,911 shares of the company’s stock, valued at $24,855,213,749.74. This represents a 0.17% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Large shareholders that own more than 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 Tuesday, August 25th, Cascade Investment, L.L.C. purchased 269,477 shares of Republic Services stock. The stock was bought at an average cost of $221.88 per share, with a total value 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 purchased at an average cost of $222.91 per share, for a total transaction of $67,238,349.49.
• On Thursday, August 20th, Cascade Investment, L.L.C. acquired 208,925 shares of Republic Services stock. The stock was purchased 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. bought 178,844 shares of Republic Services stock. The shares were purchased 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 shares were purchased 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. acquired 206,800 shares of Republic Services stock. The stock was purchased 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 shares were purchased 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 shares were acquired at an average price of $215.81 per share, for a total transaction of $40,671,552.60.
• On Wednesday, August 12th, Cascade Investment, L.L.C. purchased 174,500 shares of Republic Services stock. The shares were acquired 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 acquired at an average cost of $216.32 per share, with a total value of $51,916,800.00.

Republic Services Trading Up 0.5%

Shares of NYSE RSG opened at $221.96 on Thursday. Republic Services, Inc. has a fifty-two week low of $196.41 and a fifty-two week high of $235.18. The firm has a market capitalization of $67.97 billion, a P/E ratio of 31.44, a P/E/G ratio of 3.66 and a beta of 0.40. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.64 and a quick ratio of 0.64. The company’s 50 day simple moving average is $215.79 and its 200 day simple moving average is $215.15.

Republic Services (NYSE:RSG) last issued its earnings results on Thursday, August 6th. The business services provider reported $1.85 EPS 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 net margin of 12.94% and a return on equity of 18.69%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.77 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, analysts predict that Republic Services, Inc. will post 7.27 EPS for the current year.

Republic Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be paid a $0.67 dividend. The ex-dividend date of this dividend 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 yield of 1.2%. Republic Services’s payout ratio is currently 35.41%.

Hedge Funds Weigh In On Republic Services

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

Analyst Upgrades and Downgrades

RSG has been the subject of several analyst reports. Weiss Ratings upgraded Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. Canadian Imperial Bank of Commerce reissued an “outperform” rating and set a $249.00 price objective on shares of Republic Services in a research note on Friday, May 8th. Citigroup upped their target price on shares of Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Argus lowered shares of Republic Services from a “buy” rating to a “hold” rating in a report on Monday, May 11th. Finally, Barclays lifted their price target on shares of Republic Services from $233.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Twelve analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, Republic Services presently has an average rating of “Moderate Buy” and a consensus price target 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.