Insider Buying: Republic Services (NYSE:RSG) Major Shareholder Purchases $61,037,025.00 in Stock

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. acquired 275,500 shares of Republic Services stock in a transaction that occurred on Wednesday, August 26th. The stock was acquired at an average price of $221.55 per share, with a total value of $61,037,025.00. Following the completion of the purchase, the insider directly owned 113,650,527 shares in the company, valued at $25,179,274,256.85. This represents a 0.24% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own at least 10% 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 Thursday, August 27th, Cascade Investment, L.L.C. bought 284,600 shares of Republic Services stock. The shares were bought at an average price of $219.52 per share, for a total transaction of $62,475,392.00.
• On Tuesday, August 25th, Cascade Investment, L.L.C. purchased 269,477 shares of Republic Services stock. The stock was bought at an average price 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 bought at an average price of $222.91 per share, for a total transaction of $67,238,349.49.
• On Friday, August 21st, Cascade Investment, L.L.C. acquired 191,361 shares of Republic Services stock. The shares were bought 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 cost of $220.26 per share, with a total value of $46,017,820.50.
• 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, 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 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 shares were purchased at an average cost of $214.92 per share, with a total value of $44,445,456.00.
• On Friday, August 14th, Cascade Investment, L.L.C. bought 149,250 shares of Republic Services stock. The shares were purchased 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 stock was purchased at an average price of $215.81 per share, for a total transaction of $40,671,552.60.

Republic Services Price Performance

NYSE:RSG traded up $2.97 during trading hours on Friday, hitting $222.24. The stock had a trading volume of 1,401,094 shares, compared to its average volume of 1,543,237. The company has a 50 day simple moving average of $216.07 and a two-hundred day simple moving average of $215.15. The firm has a market capitalization of $68.05 billion, a price-to-earnings ratio of 31.48, a P/E/G ratio of 3.68 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. Republic Services, Inc. has a one year low of $196.41 and a one year high of $235.18.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 earnings per share (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 analyst estimates 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% on a year-over-year basis. During the same quarter last year, the company earned $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Research analysts forecast that Republic Services, Inc. will post 7.27 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd will be issued a dividend of $0.67 per share. 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 dividend yield of 1.2%. Republic Services’s payout ratio is presently 37.96%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of RSG. Wealth Watch Advisors INC bought a new stake in shares of Republic Services in the 3rd quarter worth approximately $26,000. Bell Investment Advisors Inc bought a new position in shares of Republic Services during the 2nd quarter valued at $25,000. Laurel Wealth Advisors LLC bought a new position in shares of Republic Services during the 4th quarter valued at $25,000. Edmond DE Rothschild Holding S.A. purchased a new position in Republic Services in the 2nd quarter worth $27,000. Finally, Compass Financial Management LLC bought a new stake in Republic Services in the second quarter worth $27,000. 57.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Argus lowered shares of Republic Services from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. Royal Bank Of Canada increased their price target on shares of Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Citigroup lifted their price objective on shares of Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Morgan Stanley set a $232.00 target price on shares of Republic Services in a research report on Friday, August 7th. Finally, Weiss Ratings upgraded Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. Twelve equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.