Insider Buying: Republic Services (NYSE:RSG) Major Shareholder Buys $51,916,800.00 in Stock

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. acquired 240,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were bought at an average price of $216.32 per share, with a total value of $51,916,800.00. Following the completion of the purchase, the insider directly owned 111,305,646 shares of the company’s stock, valued at approximately $24,077,637,342.72. This represents a 0.22% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Monday, August 10th, Cascade Investment, L.L.C. bought 261,664 shares of Republic Services stock. The stock was purchased at an average price of $214.89 per share, for a total transaction of $56,228,976.96.
• On Monday, May 18th, Cascade Investment, L.L.C. bought 60,700 shares of Republic Services stock. The stock was purchased at an average cost of $213.31 per share, for a total transaction of $12,947,917.00.
• On Friday, May 15th, Cascade Investment, L.L.C. bought 119,795 shares of Republic Services stock. The shares were purchased at an average price of $208.93 per share, with a total value of $25,028,769.35.
• On Thursday, May 14th, Cascade Investment, L.L.C. purchased 307,505 shares of Republic Services stock. The shares were purchased at an average cost of $207.68 per share, with a total value of $63,862,638.40.

Republic Services Price Performance

Republic Services stock traded down $0.95 during trading hours on Wednesday, hitting $214.13. 1,311,967 shares of the stock were exchanged, compared to its average volume of 1,557,017. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.67 and a current ratio of 0.64. The stock has a market capitalization of $65.57 billion, a P/E ratio of 30.33, a P/E/G ratio of 3.51 and a beta of 0.40. Republic Services, Inc. has a 12 month low of $196.41 and a 12 month high of $238.62. The business’s 50-day moving average is $213.58 and its two-hundred day moving average is $215.01.

Republic Services (NYSE:RSG) last posted its earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.04. The company had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. Republic Services’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Equities research analysts expect that Republic Services, Inc. will post 7.28 EPS for the current fiscal year.

Republic Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, October 2nd. This is a positive change from Republic Services’s previous quarterly dividend of $0.62. Republic Services’s dividend payout ratio is presently 37.96%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on RSG shares. Citigroup raised their target price on Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a research note on Friday, July 10th. UBS Group upped their price target on shares of Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a research report on Tuesday. Royal Bank Of Canada increased their price objective on shares of Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Barclays boosted their target price on shares of Republic Services from $233.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Republic Services in a research report on Friday, July 24th. Eleven investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Republic Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.26.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Brighton Jones LLC raised its position in shares of Republic Services by 75.8% in the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock valued at $3,988,000 after acquiring an additional 8,547 shares during the period. Federated Hermes Inc. grew its holdings in Republic Services by 23.2% during the second quarter. Federated Hermes Inc. now owns 17,553 shares of the business services provider’s stock valued at $4,329,000 after purchasing an additional 3,303 shares during the period. NewEdge Advisors LLC increased its stake in Republic Services by 3.6% in the second quarter. NewEdge Advisors LLC now owns 29,690 shares of the business services provider’s stock valued at $7,322,000 after purchasing an additional 1,044 shares in the last quarter. Treasurer of the State of North Carolina boosted its position in shares of Republic Services by 0.7% during the second quarter. Treasurer of the State of North Carolina now owns 94,626 shares of the business services provider’s stock worth $23,336,000 after purchasing an additional 688 shares in the last quarter. Finally, Ieq Capital LLC increased its position in shares of Republic Services by 68.4% in the 2nd quarter. Ieq Capital LLC now owns 11,643 shares of the business services provider’s stock valued at $2,871,000 after buying an additional 4,729 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

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.