Insider Buying: Republic Services (NYSE:RSG) Major Shareholder Buys $37,657,100.00 in Stock

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. bought 174,500 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were purchased at an average cost of $215.80 per share, for a total transaction of $37,657,100.00. Following the transaction, the insider owned 111,480,146 shares in the company, valued at approximately $24,057,415,506.80. This represents a 0.16% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Thursday, August 13th, Cascade Investment, L.L.C. purchased 188,460 shares of Republic Services stock. The shares were acquired at an average cost of $215.81 per share, with a total value of $40,671,552.60.
• On Tuesday, August 11th, Cascade Investment, L.L.C. acquired 240,000 shares of Republic Services stock. The stock was acquired at an average cost of $216.32 per share, for a total transaction of $51,916,800.00.
• On Monday, August 10th, Cascade Investment, L.L.C. bought 261,664 shares of Republic Services stock. The shares were acquired at an average cost of $214.89 per share, with a total value of $56,228,976.96.
• On Monday, May 18th, Cascade Investment, L.L.C. purchased 60,700 shares of Republic Services stock. The stock was bought at an average cost of $213.31 per share, for a total transaction of $12,947,917.00.

Republic Services Stock Performance

RSG traded down $0.47 during trading on Friday, hitting $214.75. 1,038,545 shares of the company traded hands, compared to its average volume of 1,552,430. Republic Services, Inc. has a one year low of $196.41 and a one year high of $238.62. The stock’s fifty day moving average is $213.92 and its 200 day moving average is $214.98. The company has a quick ratio of 0.67, a current ratio of 0.64 and a debt-to-equity ratio of 1.12. The firm has a market cap of $65.76 billion, a P/E ratio of 30.42, a price-to-earnings-growth ratio of 3.51 and a beta of 0.40.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 EPS 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 business had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same quarter in the previous year, the firm posted $1.77 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. As a group, equities analysts predict that Republic Services, Inc. will post 7.27 EPS for the current fiscal year.

Republic Services Increases Dividend

The company also recently disclosed 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 annualized dividend and a yield of 1.2%. This is a positive change from Republic Services’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Friday, October 2nd. Republic Services’s dividend payout ratio is currently 35.41%.

Analysts Set New Price Targets

RSG has been the topic of a number of recent research reports. Citigroup upped their price target on Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a research report on Friday, July 10th. UBS Group boosted their price objective on Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a research note on Tuesday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Republic Services in a research report on Friday, July 24th. Morgan Stanley set a $232.00 price target on shares of Republic Services in a research report on Friday, August 7th. Finally, Robert W. Baird dropped their price target on shares of Republic Services from $242.00 to $240.00 and set a “neutral” rating on the stock in a research note on Thursday, April 16th. Eleven research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, Republic Services has a consensus rating of “Moderate Buy” and an average target price of $245.26.

Hedge Funds Weigh In On Republic Services

Several hedge funds have recently bought and sold shares of the company. Laurel Wealth Advisors LLC purchased a new stake in Republic Services in the 4th quarter worth approximately $25,000. Bell Investment Advisors Inc bought a new position in shares of Republic Services in the second quarter worth $25,000. Wealth Watch Advisors INC bought a new position in shares of Republic Services in the third quarter worth $26,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Republic Services in the second quarter worth $27,000. Finally, Compass Financial Management LLC bought a new stake in Republic Services during the second quarter valued at $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.