Cascade Investment, L.L.C. Buys 200,125 Shares of Republic Services (NYSE:RSG) Stock

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. acquired 200,125 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was bought at an average price of $217.90 per share, with a total value of $43,607,237.50. Following the completion of the acquisition, the insider directly owned 112,224,781 shares of the company’s stock, valued at $24,453,779,779.90. This trade represents a 0.18% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 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 shares were bought at an average cost of $222.51 per share, for a total transaction of $39,794,578.44.
• On Monday, August 17th, Cascade Investment, L.L.C. purchased 206,800 shares of Republic Services stock. The stock was bought at an average price of $214.92 per share, for a total transaction of $44,445,456.00.
• On Friday, August 14th, Cascade Investment, L.L.C. purchased 149,250 shares of Republic Services stock. The stock was bought 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. acquired 188,460 shares of Republic Services stock. The stock was bought 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. bought 174,500 shares of Republic Services stock. The stock was bought at an average price of $215.80 per share, for a total transaction of $37,657,100.00.
• On Tuesday, August 11th, Cascade Investment, L.L.C. bought 240,000 shares of Republic Services stock. The shares were purchased at an average cost of $216.32 per share, with a total value of $51,916,800.00.
• On Monday, August 10th, Cascade Investment, L.L.C. purchased 261,664 shares of Republic Services stock. The shares were purchased at an average price of $214.89 per share, with a total value of $56,228,976.96.

Republic Services Stock Up 0.4%

Shares of NYSE RSG opened at $220.45 on Friday. The company’s 50 day moving average price is $214.96 and its 200-day moving average price is $215.05. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.64 and a current ratio of 0.64. Republic Services, Inc. has a 52-week low of $196.41 and a 52-week high of $237.06. The company has a market capitalization of $67.50 billion, a P/E ratio of 31.23, a price-to-earnings-growth ratio of 3.59 and a beta of 0.40.

Republic Services (NYSE:RSG) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $4.36 billion. During the same period in the prior year, the company posted $1.77 earnings per share. Republic Services’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 analysts forecast that Republic Services, Inc. will post 7.27 earnings per share for the current year.

Republic Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date 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%.

Analysts Set New Price Targets

RSG has been the topic of several research analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Republic Services in a research report on Friday, July 24th. Morgan Stanley set a $232.00 target price on Republic Services in a report on Friday, August 7th. Argus cut Republic Services from a “buy” rating to a “hold” rating in a report on Monday, May 11th. UBS Group raised their price objective 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. Finally, Barclays boosted 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. Eleven investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $245.26.

Institutional Trading of Republic Services

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wealth Watch Advisors INC acquired a new position in Republic Services during the third quarter worth $26,000. Bell Investment Advisors Inc bought a new stake in shares of Republic Services during the second quarter worth about $25,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Republic Services in the 4th quarter worth about $25,000. Edmond DE Rothschild Holding S.A. bought a new position in Republic Services in the 2nd quarter valued at about $27,000. Finally, Compass Financial Management LLC bought a new position in Republic Services in the 2nd quarter valued at about $27,000. Institutional investors own 57.73% of the company’s stock.

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.