Cascade Investment, L.L.C. Purchases 204,800 Shares of Republic Services (NYSE:RSG) Stock

Republic Services, Inc. (NYSE:RSGGet Free Report) major shareholder Cascade Investment, L.L.C. bought 204,800 shares of Republic Services stock in a transaction that occurred on Tuesday, September 1st. The stock was bought at an average cost of $222.68 per share, for a total transaction of $45,604,864.00. Following the purchase, the insider owned 114,692,327 shares in the company, valued at $25,539,687,376.36. This represents a 0.18% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more 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 Wednesday, September 2nd, Cascade Investment, L.L.C. acquired 329,200 shares of Republic Services stock. The shares were bought at an average cost of $223.27 per share, with a total value of $73,500,484.00.
  • On Monday, August 31st, Cascade Investment, L.L.C. acquired 301,000 shares of Republic Services stock. The stock was acquired at an average cost of $221.94 per share, with a total value of $66,803,940.00.
  • On Friday, August 28th, Cascade Investment, L.L.C. bought 251,400 shares of Republic Services stock. The stock was bought at an average cost of $221.03 per share, with a total value of $55,566,942.00.
  • On Thursday, August 27th, Cascade Investment, L.L.C. acquired 284,600 shares of Republic Services stock. The stock was purchased at an average cost of $219.52 per share, with a total value of $62,475,392.00.
  • On Wednesday, August 26th, Cascade Investment, L.L.C. bought 275,500 shares of Republic Services stock. The stock was acquired at an average cost of $221.55 per share, for a total transaction of $61,037,025.00.
  • 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, for a total transaction of $59,791,556.76.
  • On Monday, August 24th, Cascade Investment, L.L.C. acquired 301,639 shares of Republic Services stock. The stock was purchased 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 purchased 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 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. bought 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.

Republic Services Stock Performance

Shares of NYSE RSG opened at $222.58 on Friday. The company has a market capitalization of $68.16 billion, a P/E ratio of 31.53, a price-to-earnings-growth ratio of 3.73 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. Republic Services, Inc. has a one year low of $196.41 and a one year high of $233.77. The business’s 50-day moving average price is $217.58 and its two-hundred day moving average price is $215.19.

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

Republic Services Increases Dividend

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

Institutional Trading of Republic Services

Hedge funds have recently bought and sold shares of the company. Corient Private Wealth LP grew its holdings in shares of Republic Services by 39.0% in the second quarter. Corient Private Wealth LP now owns 153,096 shares of the business services provider’s stock worth $32,622,000 after purchasing an additional 42,943 shares during the last quarter. Schulz Wealth LTD. bought a new stake in shares of Republic Services in the 2nd quarter worth approximately $279,000. Groupe la Francaise increased its position in Republic Services by 17.8% during the 2nd quarter. Groupe la Francaise now owns 71,736 shares of the business services provider’s stock valued at $15,291,000 after purchasing an additional 10,853 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Republic Services in the 2nd quarter worth about $13,002,000. Finally, California State Teachers Retirement System boosted its stake in shares of 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 valued at $10,610,701,000 after purchasing an additional 49,545,228 shares in the last quarter. Institutional investors own 57.73% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on RSG shares. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $249.00 price objective on shares of Republic Services in a 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 stock a “neutral” rating in a research note on Tuesday, August 11th. Barclays increased 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 target price 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, Citigroup boosted their price objective 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 given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $245.26.

Read Our Latest Analysis on RSG

Republic Services Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Republic Services (NYSE:RSG)

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