Republic Services (NYSE:RSG) Major Shareholder Acquires 251,400 Shares of Stock

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. purchased 251,400 shares of the stock in a transaction dated Friday, August 28th. The shares were acquired at an average price of $221.03 per share, with a total value of $55,566,942.00. Following the completion of the acquisition, the insider owned 114,186,527 shares in the company, valued at approximately $25,238,648,062.81. This trade represents a 0.22% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 Monday, August 31st, Cascade Investment, L.L.C. acquired 301,000 shares of Republic Services stock. The stock was bought at an average price of $221.94 per share, for a total transaction of $66,803,940.00.
• On Thursday, August 27th, Cascade Investment, L.L.C. bought 284,600 shares of Republic Services stock. The stock was bought at an average cost 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 bought at an average cost of $221.88 per share, for a total transaction of $59,791,556.76.
• On Monday, August 24th, Cascade Investment, L.L.C. acquired 301,639 shares of Republic Services stock. The stock was 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, with a total value of $42,164,482.74.
• On Thursday, August 20th, Cascade Investment, L.L.C. bought 208,925 shares of Republic Services stock. The stock was bought at an average price 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 purchased 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 shares were purchased at an average price of $217.90 per share, with a total value 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, for a total transaction of $44,445,456.00.

Republic Services Trading Up 1.1%

RSG traded up $2.35 during mid-day trading on Tuesday, hitting $223.27. 1,774,947 shares of the stock were exchanged, compared to its average volume of 1,547,169. The firm’s fifty day moving average is $216.76 and its two-hundred day moving average is $215.12. Republic Services, Inc. has a 1-year low of $196.41 and a 1-year high of $235.18. The company has a market cap of $68.37 billion, a PE ratio of 31.62, a PEG ratio of 3.68 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 issued its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.04. The company had revenue of $4.43 billion for the quarter, compared to analyst estimates 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 period in the prior year, the firm earned $1.77 earnings per share. 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 fiscal year.

Republic Services Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bell Investment Advisors Inc purchased a new stake in shares of Republic Services in the 2nd quarter valued at approximately $25,000. Wealth Watch Advisors INC purchased a new stake in shares of Republic Services during the 3rd quarter worth $26,000. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Republic Services during the second quarter worth $27,000. Compass Financial Management LLC purchased a new position in Republic Services in the second quarter valued at $27,000. Finally, Prosperity Bancshares Inc purchased a new position in Republic Services in the fourth quarter valued at $30,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Analyst Upgrades and Downgrades

RSG has been the subject of several recent research reports. Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $249.00 price target on shares of Republic Services in a research report on Friday, May 8th. Royal Bank Of Canada upped their price objective on Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Weiss Ratings upgraded Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 21st. Citigroup boosted their target price on Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Finally, Argus downgraded Republic Services from a “buy” rating to a “hold” rating in a report on Monday, May 11th. Twelve research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, Republic Services currently 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.