Cascade Investment, L.L.C. Acquires 275,500 Shares of Republic Services (NYSE:RSG) Stock

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. bought 275,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The shares were bought at an average cost of $221.55 per share, with a total value of $61,037,025.00. Following the completion of the purchase, the insider directly owned 113,650,527 shares of the company’s stock, valued at $25,179,274,256.85. This represents a 0.24% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at 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 27th, Cascade Investment, L.L.C. purchased 284,600 shares of Republic Services stock. The stock was bought at an average price of $219.52 per share, for a total transaction of $62,475,392.00.
• On Tuesday, August 25th, Cascade Investment, L.L.C. acquired 269,477 shares of Republic Services stock. The shares were purchased at an average price of $221.88 per share, with a total value of $59,791,556.76.
• On Monday, August 24th, Cascade Investment, L.L.C. bought 301,639 shares of Republic Services stock. The stock was purchased at an average cost of $222.91 per share, for a total transaction of $67,238,349.49.
• On Friday, August 21st, Cascade Investment, L.L.C. bought 191,361 shares of Republic Services stock. The stock was purchased at an average price of $220.34 per share, for a total transaction of $42,164,482.74.
• On Thursday, August 20th, Cascade Investment, L.L.C. purchased 208,925 shares of Republic Services stock. The shares were purchased at an average cost 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, with a total value of $39,794,578.44.
• On Tuesday, August 18th, Cascade Investment, L.L.C. acquired 200,125 shares of Republic Services stock. The stock was purchased 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 purchased at an average cost of $214.92 per share, for a total transaction of $44,445,456.00.
• On Friday, August 14th, Cascade Investment, L.L.C. bought 149,250 shares of Republic Services stock. The stock was acquired 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 acquired at an average price of $215.81 per share, for a total transaction of $40,671,552.60.

Republic Services Price Performance

Republic Services stock opened at $222.24 on Friday. Republic Services, Inc. has a 52-week low of $196.41 and a 52-week high of $235.18. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.12. The firm’s fifty day moving average is $216.42 and its 200 day moving average is $215.19. The company has a market cap of $68.05 billion, a price-to-earnings ratio of 31.48, a PEG ratio of 3.68 and a beta of 0.40.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $4.36 billion. During the same period last year, the company posted $1.77 EPS. The business’s revenue was up 4.6% on a year-over-year basis. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Sell-side analysts forecast that Republic Services, Inc. will post 7.27 EPS for the current fiscal year.

Republic Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be given a $0.67 dividend. This is an increase from Republic Services’s previous quarterly dividend of $0.62. This represents a $2.68 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, October 2nd. Republic Services’s dividend payout ratio (DPR) is 35.41%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Argus lowered Republic Services from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Weiss Ratings upgraded Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 21st. Barclays raised 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. Royal Bank Of Canada boosted their price objective on shares of Republic Services from $265.00 to $267.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Finally, Citigroup increased their target price on shares of Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Twelve research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $245.26.

Institutional Investors Weigh In On Republic Services

Several hedge funds and other institutional investors have recently modified their holdings of RSG. Wealth Watch Advisors INC bought a new position in Republic Services in the 3rd quarter valued at $26,000. Bell Investment Advisors Inc purchased a new stake in Republic Services in the second quarter worth $25,000. Laurel Wealth Advisors LLC bought a new stake in shares of Republic Services during the fourth quarter worth $25,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Republic Services during the second quarter valued at $27,000. Finally, Compass Financial Management LLC bought a new position in shares of Republic Services in the second quarter worth about $27,000. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Republic Services

Here are the key news stories impacting Republic Services this week:

• Positive Sentiment: Cascade Investment continued its aggressive accumulation of RSG. The major shareholder purchased 284,600 shares on August 27 for approximately $62.5 million and 275,500 shares on August 26 for about $61.0 million. These purchases followed a $59.8 million acquisition on August 25 and a series of additional open-market buys. Recent disclosures indicate Cascade has bought more than 3.5 million shares worth approximately $764 million over six months, a potential signal of long-term confidence in Republic Services. Major Investment Powerhouse Makes Massive New Move Into Republic Services Stock
• Positive Sentiment: Analyst sentiment remains constructive. Republic Services carries a consensus “Moderate Buy” rating, with 12 Buy ratings and 10 Holds. The average price target is approximately $245, above recent trading levels, while Citigroup and RBC Capital Markets have set targets of $259 and $267, respectively. Republic Services Receives Consensus Rating of Moderate Buy
• Positive Sentiment: The dividend was raised. Republic Services increased its quarterly dividend to $0.67 from $0.62, equivalent to $2.68 annually and a yield of about 1.2%. The increase reinforces the company’s shareholder-return profile.
• Neutral Sentiment: Recent coverage also highlighted Republic Services as a participant in the broader circular-economy and recycling investment theme. The company’s latest quarter included revenue growth of 4.6% and an EPS beat, but those results were reported earlier and are likely already reflected in the valuation.
• Negative Sentiment: At roughly 31 times earnings and a PEG ratio above 3.5, RSG is priced at a premium. Some institutional investors reduced holdings recently, and UBS maintains a neutral rating, limiting the potential impact of the bullish signals.

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.