Cascade Investment, L.L.C. Acquires 191,361 Shares of Republic Services (NYSE:RSG) Stock

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. acquired 191,361 shares of the stock in a transaction on Friday, August 21st. The stock was acquired at an average cost of $220.34 per share, for a total transaction of $42,164,482.74. Following the acquisition, the insider directly owned 112,803,911 shares in the company, valued at $24,855,213,749.74. This represents a 0.17% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 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 Thursday, August 20th, Cascade Investment, L.L.C. bought 208,925 shares of Republic Services stock. The shares were acquired 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 stock was acquired at an average cost of $222.51 per share, with a total value of $39,794,578.44.
• On Tuesday, August 18th, Cascade Investment, L.L.C. purchased 200,125 shares of Republic Services stock. The stock was acquired at an average price 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 stock was acquired at an average price of $214.92 per share, with a total value 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 shares were bought 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 stock was bought 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, with a total value 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 price of $214.89 per share, for a total transaction of $56,228,976.96.

Republic Services Price Performance

Shares of RSG stock traded up $2.37 during midday trading on Monday, reaching $223.04. 1,362,297 shares of the company traded hands, compared to its average volume of 1,544,581. The firm has a market cap of $68.30 billion, a PE ratio of 31.59, a price-to-earnings-growth ratio of 3.66 and a beta of 0.40. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.64 and a quick ratio of 0.64. The firm’s 50 day simple moving average is $214.96 and its two-hundred day simple moving average is $215.04. Republic Services, Inc. has a 1-year low of $196.41 and a 1-year high of $235.98.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.04. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The firm had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.36 billion. During the same period in the previous year, the firm posted $1.77 earnings per share. Republic Services’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. On average, equities research analysts expect that Republic Services, Inc. will post 7.27 EPS for the current fiscal year.

Republic Services Increases Dividend

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

Institutional Trading of Republic Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Laurel Wealth Advisors LLC purchased a new position in shares of Republic Services during the 4th quarter worth about $25,000. Bell Investment Advisors Inc purchased a new stake in Republic Services in the second quarter valued at approximately $25,000. Wealth Watch Advisors INC acquired a new position in Republic Services during the third quarter worth approximately $26,000. Edmond DE Rothschild Holding S.A. purchased a new position in Republic Services during the second quarter worth approximately $27,000. Finally, Compass Financial Management LLC acquired a new position in shares of Republic Services in the 2nd quarter valued at $27,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Analyst Upgrades and Downgrades

RSG has been the topic of a number of recent research reports. Royal Bank Of Canada upped their target price on Republic Services from $265.00 to $267.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Barclays upped their price objective on Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $249.00 price objective on shares of Republic Services in a research report on Friday, May 8th. Argus lowered shares of Republic Services from a “buy” rating to a “hold” rating in a report on Monday, May 11th. Finally, Citigroup raised their price target on shares of Republic Services from $247.00 to $259.00 and gave the stock 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $245.26.

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.