Republic Services (NYSE:RSG) Major Shareholder Cascade Investment, L.L.C. Buys 206,800 Shares

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. bought 206,800 shares of Republic Services stock in a transaction on Monday, August 17th. The shares were purchased at an average cost of $214.92 per share, for a total transaction of $44,445,456.00. Following the completion of the purchase, the insider directly owned 112,024,656 shares of the company’s stock, valued at $24,076,339,067.52. This trade represents a 0.18% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own 10% or more 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, August 14th, Cascade Investment, L.L.C. bought 149,250 shares of Republic Services stock. The stock was acquired at an average price of $215.73 per share, for a total transaction 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 acquired at an average cost 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 shares were acquired at an average price of $215.80 per share, with a total value of $37,657,100.00.
• On Tuesday, August 11th, Cascade Investment, L.L.C. acquired 240,000 shares of Republic Services stock. The stock was bought at an average price 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 bought at an average cost of $214.89 per share, with a total value of $56,228,976.96.

Republic Services Trading Up 0.9%

Shares of RSG traded up $1.91 during trading on Tuesday, reaching $217.17. 1,704,850 shares of the company traded hands, compared to its average volume of 1,550,501. The stock has a 50-day simple moving average of $214.22 and a 200-day simple moving average of $214.94. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.12. Republic Services, Inc. has a twelve month low of $196.41 and a twelve month high of $238.62. The stock has a market cap of $66.50 billion, a PE ratio of 30.76, a price-to-earnings-growth ratio of 3.51 and a beta of 0.40.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.04. The firm 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%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the company posted $1.77 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, analysts anticipate that Republic Services, Inc. will post 7.27 earnings per share for the current year.

Republic Services Increases Dividend

The company also recently disclosed 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. The ex-dividend date is Friday, October 2nd. This represents a $2.68 annualized dividend and a dividend yield of 1.2%. This is a boost from Republic Services’s previous quarterly dividend of $0.62. Republic Services’s dividend payout ratio (DPR) is presently 35.41%.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Republic Services in a research note on Friday, July 24th. Argus lowered shares of Republic Services from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. UBS Group upped their target price on shares of Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Barclays raised their price target on shares of Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Finally, Morgan Stanley set a $232.00 price target on shares of Republic Services in a research note on Friday, August 7th. Eleven equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $245.26.

Institutional Trading of Republic Services

A number of large investors have recently made changes to their positions in RSG. CBIZ Investment Advisory Services LLC grew its holdings in Republic Services by 11.3% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 445 shares of the business services provider’s stock worth $94,000 after acquiring an additional 45 shares in the last quarter. Focus Financial Network Inc. grew its stake in shares of Republic Services by 2.5% during the second quarter. Focus Financial Network Inc. now owns 1,861 shares of the business services provider’s stock worth $397,000 after purchasing an additional 46 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in Republic Services by 0.5% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 10,454 shares of the business services provider’s stock valued at $2,216,000 after buying an additional 48 shares during the last quarter. Williams Jones Wealth Management LLC. raised its stake in Republic Services by 2.6% in the fourth quarter. Williams Jones Wealth Management LLC. now owns 1,925 shares of the business services provider’s stock valued at $408,000 after buying an additional 49 shares in the last quarter. Finally, AlphaCentric Advisors LLC lifted its holdings in Republic Services by 5.9% during the 1st quarter. AlphaCentric Advisors LLC now owns 903 shares of the business services provider’s stock worth $198,000 after buying an additional 50 shares during the last quarter. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

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.