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. purchased 206,800 shares of the company’s stock in a transaction dated 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 transaction, the insider directly owned 112,024,656 shares in the company, valued at approximately $24,076,339,067.52. This represents a 0.18% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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. acquired 149,250 shares of Republic Services stock. The stock was purchased at an average price of $215.73 per share, with a total value of $32,197,702.50.
• On Thursday, August 13th, Cascade Investment, L.L.C. bought 188,460 shares of Republic Services stock. The shares were acquired at an average price of $215.81 per share, for a total transaction of $40,671,552.60.
• On Wednesday, August 12th, Cascade Investment, L.L.C. bought 174,500 shares of Republic Services stock. The shares were 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. purchased 240,000 shares of Republic Services stock. The stock was acquired at an average cost of $216.32 per share, with a total value of $51,916,800.00.
• On Monday, August 10th, Cascade Investment, L.L.C. acquired 261,664 shares of Republic Services stock. The shares were acquired at an average price of $214.89 per share, for a total transaction of $56,228,976.96.

Republic Services Stock Performance

Shares of NYSE:RSG opened at $217.17 on Wednesday. The company has a market capitalization of $66.50 billion, a price-to-earnings ratio of 30.76, a price-to-earnings-growth ratio of 3.51 and a beta of 0.40. Republic Services, Inc. has a 52 week low of $196.41 and a 52 week high of $238.62. 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 has a 50 day moving average of $214.36 and a 200 day moving average of $214.94.

Republic Services (NYSE:RSG) last announced its 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 business had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.36 billion. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.77 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, sell-side analysts predict that Republic Services, Inc. will post 7.27 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be given a dividend of $0.67 per share. The ex-dividend date of this dividend 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 dividend yield of 1.2%. Republic Services’s payout ratio is currently 35.41%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Royal Bank Of Canada lifted their price objective on shares of Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. UBS Group raised their target price on shares of Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and set a $249.00 price target on shares of Republic Services in a research report on Friday, May 8th. Morgan Stanley set a $232.00 price objective on Republic Services in a report on Friday, August 7th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Republic Services in a research report on Friday, July 24th. Eleven analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, Republic Services has an average rating of “Moderate Buy” and a consensus price target of $245.26.

Institutional Trading of Republic Services

Several large investors have recently bought and sold shares of the stock. Laurel Wealth Advisors LLC acquired a new stake in shares of Republic Services during the fourth quarter worth $25,000. Bell Investment Advisors Inc acquired a new position in shares of Republic Services in the 2nd quarter valued at $25,000. Wealth Watch Advisors INC acquired a new stake in Republic Services during the 3rd quarter worth about $26,000. Edmond DE Rothschild Holding S.A. purchased a new stake in Republic Services during the 2nd quarter valued at about $27,000. Finally, Compass Financial Management LLC acquired a new position in shares of Republic Services in the second quarter valued at about $27,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

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.