Republic Services (NYSE:RSG) Major Shareholder Purchases $72,396,900.90 in Stock

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. bought 324,810 shares of the stock in a transaction on Friday, September 11th. The stock was bought at an average price of $222.89 per share, for a total transaction of $72,396,900.90. Following the completion of the purchase, the insider directly owned 117,058,444 shares in the company, valued at approximately $26,091,156,583.16. The trade was a 0.28% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Cascade Investment, L.L.C. also recently made the following trade(s):

• On Thursday, September 10th, Cascade Investment, L.L.C. purchased 256,000 shares of Republic Services stock. The shares were purchased at an average price of $222.30 per share, for a total transaction of $56,908,800.00.
• On Wednesday, September 9th, Cascade Investment, L.L.C. purchased 311,304 shares of Republic Services stock. The shares were purchased at an average cost of $221.31 per share, with a total value of $68,894,688.24.
• On Tuesday, September 8th, Cascade Investment, L.L.C. acquired 409,500 shares of Republic Services stock. The stock was acquired at an average cost of $221.49 per share, for a total transaction of $90,700,155.00.
• On Friday, September 4th, Cascade Investment, L.L.C. bought 365,039 shares of Republic Services stock. The shares were acquired at an average cost of $223.16 per share, with a total value of $81,462,103.24.
• On Thursday, September 3rd, Cascade Investment, L.L.C. purchased 370,264 shares of Republic Services stock. The stock was acquired at an average cost of $224.81 per share, with a total value of $83,239,049.84.
• On Wednesday, September 2nd, Cascade Investment, L.L.C. purchased 329,200 shares of Republic Services stock. The stock was acquired at an average price of $223.27 per share, for a total transaction of $73,500,484.00.
• On Tuesday, September 1st, Cascade Investment, L.L.C. acquired 204,800 shares of Republic Services stock. The shares were acquired at an average cost of $222.68 per share, for a total transaction of $45,604,864.00.
• On Monday, August 31st, Cascade Investment, L.L.C. bought 301,000 shares of Republic Services stock. The stock was acquired at an average cost of $221.94 per share, with a total value of $66,803,940.00.
• On Friday, August 28th, Cascade Investment, L.L.C. bought 251,400 shares of Republic Services stock. The shares were bought at an average price of $221.03 per share, for a total transaction of $55,566,942.00.
• On Thursday, August 27th, Cascade Investment, L.L.C. purchased 284,600 shares of Republic Services stock. The shares were bought at an average cost of $219.52 per share, for a total transaction of $62,475,392.00.

Republic Services Stock Performance

Shares of RSG opened at $219.93 on Thursday. 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, Inc. has a 52-week low of $196.41 and a 52-week high of $233.42. The company has a 50-day simple moving average of $218.47 and a 200-day simple moving average of $215.22. The company has a market capitalization of $67.34 billion, a PE ratio of 31.15, a P/E/G ratio of 3.69 and a beta of 0.40.

Republic Services (NYSE:RSG) last issued its earnings results 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. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The company had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same period in the prior year, the business posted $1.77 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts predict that Republic Services, Inc. will post 7.27 earnings per share for the current fiscal 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 paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.2%. 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. Republic Services’s dividend payout ratio (DPR) is 35.41%.

Wall Street Analyst Weigh In

A number of research firms have commented on RSG. Barclays boosted their target price on Republic Services from $233.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Weiss Ratings raised Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. Citigroup increased their price objective 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. Morgan Stanley set a $232.00 target price on shares of Republic Services in a report on Friday, August 7th. Finally, UBS Group lifted their target price on shares of Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Twelve analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $245.26.

Hedge Funds Weigh In On Republic Services

A number of institutional investors have recently modified their holdings of RSG. BlackRock Inc. purchased a new stake in Republic Services in the 2nd quarter worth approximately $3,798,092,000. Capital World Investors lifted its stake in shares of Republic Services by 27.7% during the 4th quarter. Capital World Investors now owns 8,765,623 shares of the business services provider’s stock worth $1,857,698,000 after purchasing an additional 1,899,183 shares during the period. Bank of America Corp DE acquired a new stake in shares of Republic Services during the second quarter worth $682,573,000. Norges Bank purchased a new stake in shares of Republic Services in the fourth quarter valued at $617,165,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Republic Services by 68.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,256,190 shares of the business services provider’s stock valued at $497,828,000 after purchasing an additional 913,249 shares during the period. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Company Profile

Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal and recycling services. The company serves residential, commercial, industrial and municipal customers, offering scheduled and on-demand waste pickup, roll-off containers, transfer-station services and landfill disposal.

Its recycling and environmental services include the collection and processing of recyclable materials, organics management, waste reduction programs and related sustainability solutions.