Insider Buying: Republic Services (NYSE:RSG) Major Shareholder Acquires $59,791,556.76 in Stock

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. acquired 269,477 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The stock was bought at an average cost of $221.88 per share, for a total transaction of $59,791,556.76. Following the completion of the purchase, the insider owned 113,375,027 shares of the company’s stock, valued at $25,155,650,990.76. This trade represents a 0.24% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 Monday, August 24th, Cascade Investment, L.L.C. purchased 301,639 shares of Republic Services stock. The shares were purchased at an average price of $222.91 per share, with a total value of $67,238,349.49.
• On Friday, August 21st, Cascade Investment, L.L.C. purchased 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. acquired 208,925 shares of Republic Services stock. The stock was purchased at an average cost of $220.26 per share, for a total transaction of $46,017,820.50.
• On Wednesday, August 19th, Cascade Investment, L.L.C. acquired 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. bought 200,125 shares of Republic Services stock. The shares were purchased at an average cost of $217.90 per share, with a total value of $43,607,237.50.
• On Monday, August 17th, Cascade Investment, L.L.C. bought 206,800 shares of Republic Services stock. The stock was purchased at an average price of $214.92 per share, for a total transaction of $44,445,456.00.
• On Friday, August 14th, Cascade Investment, L.L.C. purchased 149,250 shares of Republic Services stock. The shares were purchased at an average cost of $215.73 per share, for a total transaction of $32,197,702.50.
• On Thursday, August 13th, Cascade Investment, L.L.C. acquired 188,460 shares of Republic Services stock. The stock was acquired at an average cost of $215.81 per share, with a total value of $40,671,552.60.
• On Wednesday, August 12th, Cascade Investment, L.L.C. acquired 174,500 shares of Republic Services stock. The stock was acquired at an average cost of $215.80 per share, for a total transaction of $37,657,100.00.
• On Tuesday, August 11th, Cascade Investment, L.L.C. bought 240,000 shares of Republic Services stock. The shares were acquired at an average price of $216.32 per share, for a total transaction of $51,916,800.00.

Republic Services Trading Up 0.5%

NYSE RSG traded up $1.00 during trading hours on Wednesday, hitting $221.96. 1,427,624 shares of the company’s stock were exchanged, compared to its average volume of 1,542,637. The firm has a market cap of $67.97 billion, a price-to-earnings ratio of 31.44, a PEG ratio of 3.70 and a beta of 0.40. The stock has a 50-day simple moving average of $215.50 and a 200 day simple moving average of $215.13. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.12. Republic Services, Inc. has a 1-year low of $196.41 and a 1-year high of $235.18.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.04. The firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.36 billion. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The company’s revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, equities analysts forecast that Republic Services, Inc. will post 7.27 EPS for the current fiscal year.

Republic Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be paid a dividend of $0.67 per share. This is a boost 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 of this dividend is Friday, October 2nd. Republic Services’s payout ratio is currently 35.41%.

Institutional Investors Weigh In On Republic Services

Institutional investors have recently bought and sold shares of the stock. Korea Investment CORP bought a new stake in Republic Services in the second quarter worth about $20,602,000. Bridgewater Advisors Inc. bought a new position in shares of Republic Services during the 2nd quarter valued at approximately $535,000. iA Global Asset Management Inc. increased its stake in shares of Republic Services by 18.5% during the 4th quarter. iA Global Asset Management Inc. now owns 64,200 shares of the business services provider’s stock worth $13,606,000 after purchasing an additional 10,000 shares during the last quarter. Norges Bank purchased a new stake in shares of Republic Services during the 4th quarter worth approximately $617,165,000. Finally, Varma Mutual Pension Insurance Co raised its holdings in shares of Republic Services by 25.6% in the 4th quarter. Varma Mutual Pension Insurance Co now owns 67,178 shares of the business services provider’s stock worth $14,237,000 after purchasing an additional 13,700 shares during the period. Institutional investors own 57.73% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Barclays lifted 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. Citigroup raised their target price on Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Weiss Ratings raised Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Royal Bank Of Canada upped their price target on Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $249.00 price target on shares of Republic Services in a report on Friday, May 8th. Twelve research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Republic Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $245.26.

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.