Insider Buying: Republic Services (NYSE:RSG) Major Shareholder Purchases $55,566,942.00 in Stock

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. bought 251,400 shares of the company’s stock in a transaction dated Friday, August 28th. The shares were acquired at an average cost of $221.03 per share, with a total value of $55,566,942.00. Following the acquisition, the insider directly owned 114,186,527 shares of the company’s stock, valued at approximately $25,238,648,062.81. This represents a 0.22% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 Wednesday, September 2nd, Cascade Investment, L.L.C. purchased 329,200 shares of Republic Services stock. The stock was acquired at an average cost of $223.27 per share, for a total transaction of $73,500,484.00.
• On Tuesday, September 1st, Cascade Investment, L.L.C. purchased 204,800 shares of Republic Services stock. The shares were acquired at an average price of $222.68 per share, for a total transaction of $45,604,864.00.
• On Monday, August 31st, Cascade Investment, L.L.C. acquired 301,000 shares of Republic Services stock. The stock was acquired at an average price of $221.94 per share, with a total value of $66,803,940.00.
• On Thursday, August 27th, Cascade Investment, L.L.C. bought 284,600 shares of Republic Services stock. The stock was acquired at an average cost of $219.52 per share, for a total transaction of $62,475,392.00.
• On Wednesday, August 26th, Cascade Investment, L.L.C. purchased 275,500 shares of Republic Services stock. The stock was bought at an average price of $221.55 per share, with a total value of $61,037,025.00.
• On Tuesday, August 25th, Cascade Investment, L.L.C. purchased 269,477 shares of Republic Services stock. The stock was bought at an average cost of $221.88 per share, with a total value of $59,791,556.76.
• On Monday, August 24th, Cascade Investment, L.L.C. acquired 301,639 shares of Republic Services stock. The shares were bought at an average price 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 bought at an average price of $220.34 per share, with a total value of $42,164,482.74.
• On Thursday, August 20th, Cascade Investment, L.L.C. bought 208,925 shares of Republic Services stock. The stock was bought 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. acquired 178,844 shares of Republic Services stock. The stock was purchased at an average cost of $222.51 per share, with a total value of $39,794,578.44.

Republic Services Price Performance

Republic Services stock opened at $225.33 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.12. The company has a 50-day moving average price of $217.46 and a 200 day moving average price of $215.13. Republic Services, Inc. has a 12-month low of $196.41 and a 12-month high of $235.18. The stock has a market cap of $69.00 billion, a P/E ratio of 31.92, a PEG ratio of 3.69 and a beta of 0.40.

Republic Services (NYSE:RSG) last posted 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. The business 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 business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.77 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Sell-side analysts anticipate that Republic Services, Inc. will post 7.27 earnings per share for the current year.

Republic Services Increases Dividend

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

Analysts Set New Price Targets

Several brokerages have recently commented on RSG. Morgan Stanley set a $232.00 price target on Republic Services in a research note on Friday, August 7th. Weiss Ratings upgraded shares of Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 21st. UBS Group upped their target price on shares of Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Royal Bank Of Canada lifted their price target 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, Barclays boosted 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 note on Friday, August 7th. Twelve analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.26.

Institutional Trading of Republic Services

Hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System grew its stake in Republic Services by 19,694.6% during the 2nd quarter. California State Teachers Retirement System now owns 49,796,796 shares of the business services provider’s stock worth $10,610,701,000 after purchasing an additional 49,545,228 shares in the last quarter. BlackRock Inc. purchased a new position in shares of Republic Services in the 2nd quarter valued at about $3,798,092,000. Bank of America Corp DE acquired a new position in shares of Republic Services during the second quarter worth about $682,573,000. Norges Bank purchased a new stake in shares of Republic Services during the fourth quarter worth approximately $617,165,000. Finally, Capital World Investors raised its holdings in Republic Services by 27.7% in the fourth quarter. Capital World Investors now owns 8,765,623 shares of the business services provider’s stock valued at $1,857,698,000 after acquiring an additional 1,899,183 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Republic Services

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

• Positive Sentiment: Cascade continues aggressive buying: Cascade Investment purchased 204,800 RSG shares on September 1 for approximately $45.6 million and another 329,200 shares on September 2 for about $73.5 million. The transactions increased its holdings to roughly 115 million shares, worth more than $25 billion. SEC-disclosed Cascade Investment purchases
• Positive Sentiment: Strong pattern of insider accumulation: Recent reports indicate Cascade has bought approximately 4.67 million Republic Services shares for an estimated $1.01 billion over the past six months, with no reported sales. Investors may view the sustained buying—and Cascade’s reported ownership of about 36.7%—as a significant vote of confidence in RSG’s defensive business model, recurring revenue and dividend record. Cascade Investment stake increase
• Positive Sentiment: Dividend increase supports the investment case: Republic Services raised its quarterly dividend to $0.67 per share from $0.62, equivalent to $2.68 annually and a yield of approximately 1.2%. The payout ratio remains moderate at about 35%, leaving room to support future increases. Republic Services insider buying and dividend report
• Positive Sentiment: Operating momentum remains intact: Republic Services recently exceeded quarterly EPS and revenue expectations, with revenue up 4.6% year over year. Management’s fiscal 2026 EPS guidance of $7.23–$7.28 and analysts’ consensus target near $245 suggest continued earnings growth potential, although the stock’s valuation remains elevated.
• Neutral Sentiment: Valuation and mixed institutional activity warrant monitoring: RSG trades at roughly 32 times earnings, while some large institutions reduced their holdings even as others added shares. This could limit upside if growth or margin expansion fails to meet expectations.

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.