Republic Services (NYSE:RSG) Major Shareholder Acquires $40,671,552.60 in Stock

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. bought 188,460 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were acquired at an average price of $215.81 per share, for a total transaction of $40,671,552.60. Following the transaction, the insider directly owned 111,668,606 shares in the company, valued at approximately $24,099,201,860.86. This represents a 0.17% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Cascade Investment, L.L.C. also recently made the following trade(s):

• On Wednesday, August 12th, Cascade Investment, L.L.C. purchased 174,500 shares of Republic Services stock. The shares were 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. bought 240,000 shares of Republic Services stock. The stock was purchased at an average price of $216.32 per share, for a total transaction of $51,916,800.00.
• On Monday, August 10th, Cascade Investment, L.L.C. acquired 261,664 shares of Republic Services stock. The stock was purchased at an average price of $214.89 per share, for a total transaction of $56,228,976.96.
• On Monday, May 18th, Cascade Investment, L.L.C. bought 60,700 shares of Republic Services stock. The shares were acquired at an average cost of $213.31 per share, for a total transaction of $12,947,917.00.

Republic Services Price Performance

Shares of NYSE RSG traded down $0.47 during mid-day trading on Friday, reaching $214.75. The company’s stock had a trading volume of 1,038,545 shares, compared to its average volume of 1,552,430. The stock has a 50-day moving average of $213.92 and a two-hundred day moving average of $214.98. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.67 and a current ratio of 0.64. The stock has a market capitalization of $65.76 billion, a P/E ratio of 30.42, a P/E/G ratio of 3.51 and a beta of 0.40. Republic Services, Inc. has a 1-year low of $196.41 and a 1-year high of $238.62.

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, topping analysts’ consensus estimates 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 net margin of 12.94% and a return on equity of 18.69%. Republic Services’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, equities research analysts anticipate that Republic Services, Inc. will post 7.27 EPS for the current fiscal year.

Republic Services Increases Dividend

The business 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 dividend of $0.67 per share. 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 dividend on an annualized basis and a yield of 1.2%. Republic Services’s dividend payout ratio (DPR) is 35.41%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Legal & General Group Plc acquired a new position in Republic Services during the 2nd quarter worth about $245,506,000. The Manufacturers Life Insurance Company purchased a new stake in Republic Services during the second quarter worth about $22,471,000. Jones Financial Companies Lllp acquired a new stake in shares of Republic Services during the second quarter worth about $185,000. Peak Asset Management LLC purchased a new position in Republic Services in the 2nd quarter valued at approximately $2,333,000. Finally, Fiduciary Financial Advisors acquired a new position in shares of Republic Services in the second quarter worth $78,000. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on RSG shares. Argus lowered shares of Republic Services from a “buy” rating to a “hold” rating in a report on Monday, May 11th. Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $249.00 price target on shares of Republic Services in a research note on Friday, May 8th. Royal Bank Of Canada upped their price objective on Republic Services from $265.00 to $267.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Republic Services in a research note on Friday, July 24th. Finally, Robert W. Baird decreased their price target on Republic Services from $242.00 to $240.00 and set a “neutral” rating on the stock in a research note on Thursday, April 16th. Eleven research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Republic Services currently has a consensus rating of “Moderate Buy” and a consensus price target 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.