Republic Services (NYSE:RSG) Major Shareholder Buys $39,794,578.44 in Stock

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. bought 178,844 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were acquired at an average price of $222.51 per share, with a total value of $39,794,578.44. Following the transaction, the insider directly owned 112,403,625 shares of the company’s stock, valued at $25,010,930,598.75. This represents a 0.16% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more 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 Tuesday, August 18th, Cascade Investment, L.L.C. purchased 200,125 shares of Republic Services stock. The stock was acquired 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 bought 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 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. purchased 188,460 shares of Republic Services stock. The stock was bought at an average price of $215.81 per share, for a total transaction of $40,671,552.60.
• On Wednesday, August 12th, Cascade Investment, L.L.C. purchased 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. acquired 240,000 shares of Republic Services stock. The shares were bought 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. bought 261,664 shares of Republic Services stock. The stock was purchased at an average cost of $214.89 per share, for a total transaction of $56,228,976.96.

Republic Services Price Performance

NYSE:RSG opened at $220.45 on Friday. The business’s 50-day moving average is $214.96 and its 200 day moving average is $215.05. Republic Services, Inc. has a 12 month low of $196.41 and a 12 month high of $237.06. The company has a market capitalization of $67.50 billion, a P/E ratio of 31.23, a P/E/G ratio of 3.61 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, beating the consensus estimate of $1.81 by $0.04. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The business had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.36 billion. During the same quarter last year, the business posted $1.77 EPS. 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. On average, equities 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 announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from Republic Services’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Friday, October 2nd. Republic Services’s payout ratio is 35.41%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Weiss Ratings raised shares of Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $249.00 price objective on shares of Republic Services in a research note on Friday, May 8th. Morgan Stanley set a $232.00 target price on shares of Republic Services in a report on Friday, August 7th. Royal Bank Of Canada increased their price target on shares of Republic Services from $265.00 to $267.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Finally, Barclays lifted their price target 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. Twelve equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, Republic Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $245.26.

Institutional Investors Weigh In On Republic Services

Hedge funds and other institutional investors have recently made changes to their positions in the company. Laurel Wealth Advisors LLC bought a new stake in shares of Republic Services in the 4th quarter worth about $25,000. Bell Investment Advisors Inc bought a new position in Republic Services during the 2nd quarter valued at about $25,000. Wealth Watch Advisors INC purchased a new stake in Republic Services in the 3rd quarter worth about $26,000. Edmond DE Rothschild Holding S.A. bought a new stake in Republic Services in the second quarter worth about $27,000. Finally, Compass Financial Management LLC purchased a new position in shares of Republic Services during the second quarter valued at approximately $27,000. Hedge funds and other 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.