Cascade Investment, L.L.C. Buys 370,264 Shares of Republic Services (NYSE:RSG) Stock

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. purchased 370,264 shares of the stock in a transaction dated Thursday, September 3rd. The shares were acquired at an average cost of $224.81 per share, with a total value of $83,239,049.84. Following the acquisition, the insider directly owned 115,391,791 shares in the company, valued at $25,941,228,534.71. This represents a 0.32% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% 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 Friday, September 4th, Cascade Investment, L.L.C. acquired 365,039 shares of Republic Services stock. The stock was acquired at an average cost of $223.16 per share, for a total transaction of $81,462,103.24.
• On Wednesday, September 2nd, Cascade Investment, L.L.C. bought 329,200 shares of Republic Services stock. The shares were acquired at an average cost of $223.27 per share, with a total value of $73,500,484.00.
• On Tuesday, September 1st, Cascade Investment, L.L.C. purchased 204,800 shares of Republic Services stock. The shares were bought 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. acquired 301,000 shares of Republic Services stock. The shares were bought at an average price of $221.94 per share, with a total value of $66,803,940.00.
• On Friday, August 28th, Cascade Investment, L.L.C. acquired 251,400 shares of Republic Services stock. The stock was bought at an average cost of $221.03 per share, with a total value of $55,566,942.00.
• On Thursday, August 27th, Cascade Investment, L.L.C. bought 284,600 shares of Republic Services stock. The stock was bought at an average price of $219.52 per share, for a total transaction of $62,475,392.00.
• On Wednesday, August 26th, Cascade Investment, L.L.C. purchased 275,500 shares of Republic Services stock. The shares were bought at an average price of $221.55 per share, with a total value of $61,037,025.00.
• On Tuesday, August 25th, Cascade Investment, L.L.C. purchased 269,477 shares of Republic Services stock. The stock was purchased 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 purchased at an average cost 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 purchased at an average price of $220.34 per share, for a total transaction of $42,164,482.74.

Republic Services Price Performance

Republic Services stock opened at $222.56 on Thursday. The stock has a 50-day moving average price of $218.07 and a two-hundred day moving average price of $215.18. Republic Services, Inc. has a 12 month low of $196.41 and a 12 month high of $233.42. The company has a market capitalization of $68.15 billion, a PE ratio of 31.52, a P/E/G ratio of 3.67 and a beta of 0.40. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.12.

Republic Services (NYSE:RSG) last released its quarterly 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. The company had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.36 billion. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Analysts expect that Republic Services, Inc. will post 7.27 EPS for the current year.

Republic Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd will be paid a dividend of $0.67 per share. 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 payout ratio is 35.41%.

Analysts Set New Price Targets

RSG has been the topic of several analyst reports. Morgan Stanley set a $232.00 price objective on shares of Republic Services in a research note on Friday, August 7th. Weiss Ratings raised Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 21st. UBS Group upped their price target on Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Citigroup raised their price objective on Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Finally, Barclays lifted their price objective on Republic Services from $233.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Twelve investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $245.26.

Institutional Investors Weigh In On Republic Services

Hedge funds have recently added to or reduced their stakes in the business. California State Teachers Retirement System grew its position in shares of Republic Services by 19,694.6% during the 2nd quarter. California State Teachers Retirement System now owns 49,796,796 shares of the business services provider’s stock worth $10,610,701,000 after buying an additional 49,545,228 shares during the period. BlackRock Inc. bought a new position in Republic Services during the second quarter worth $3,798,092,000. State Street Corp grew its holdings in Republic Services by 1.7% in the fourth quarter. State Street Corp now owns 9,695,747 shares of the business services provider’s stock worth $2,054,820,000 after purchasing an additional 166,474 shares during the period. Capital World Investors increased its stake in Republic Services by 27.7% in the fourth quarter. Capital World Investors now owns 8,765,623 shares of the business services provider’s stock valued at $1,857,698,000 after purchasing an additional 1,899,183 shares in the last quarter. Finally, Morgan Stanley raised its holdings in shares of Republic Services by 38.6% during the fourth quarter. Morgan Stanley now owns 5,348,501 shares of the business services provider’s stock valued at $1,133,509,000 after purchasing an additional 1,490,719 shares during the period. 57.73% of the stock is currently owned by institutional investors.

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.