Republic Services (NYSE:RSG) Major Shareholder Cascade Investment, L.L.C. Purchases 174,500 Shares of Stock

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. acquired 174,500 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was purchased at an average price of $215.80 per share, with a total value of $37,657,100.00. Following the completion of the transaction, the insider directly owned 111,480,146 shares of the company’s stock, valued at $24,057,415,506.80. This trade represents a 0.16% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 Thursday, August 13th, Cascade Investment, L.L.C. acquired 188,460 shares of Republic Services stock. The shares were purchased at an average cost of $215.81 per share, with a total value of $40,671,552.60.
• On Tuesday, August 11th, Cascade Investment, L.L.C. bought 240,000 shares of Republic Services stock. The shares were purchased at an average cost of $216.32 per share, for a total transaction of $51,916,800.00.
• On Monday, August 10th, Cascade Investment, L.L.C. bought 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. purchased 60,700 shares of Republic Services stock. The shares were purchased at an average price of $213.31 per share, with a total value of $12,947,917.00.

Republic Services Trading Down 0.2%

Republic Services stock opened at $214.75 on Friday. The stock has a market cap of $65.76 billion, a P/E ratio of 30.42, a PEG ratio of 3.52 and a beta of 0.40. Republic Services, Inc. has a fifty-two week low of $196.41 and a fifty-two week high of $238.62. The firm’s fifty day moving average price is $214.01 and its 200-day moving average price is $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.

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 analysts’ consensus estimates of $1.81 by $0.04. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter last year, the business posted $1.77 earnings per share. The firm’s revenue was up 4.6% compared to the same quarter last year. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Equities research analysts forecast that Republic Services, Inc. will post 7.27 earnings per share 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. Shareholders 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 payout ratio is 35.41%.

Hedge Funds Weigh In On Republic Services

Large investors have recently modified their holdings of the company. Laurel Wealth Advisors LLC purchased a new stake in Republic Services in the fourth quarter worth approximately $25,000. Bell Investment Advisors Inc bought a new position in Republic Services during the second quarter valued at approximately $25,000. Wealth Watch Advisors INC purchased a new position in shares of Republic Services during the third quarter worth approximately $26,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Republic Services in the 2nd quarter worth approximately $27,000. Finally, Compass Financial Management LLC purchased a new stake in shares of Republic Services in the 2nd quarter valued at $27,000. 57.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RSG has been the subject of several recent analyst reports. Barclays boosted their price objective on Republic Services from $233.00 to $240.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. UBS Group lifted their target price on shares of Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a research report on Tuesday. Weiss Ratings reissued a “hold (c+)” rating on shares of Republic Services in a research note on Friday, July 24th. Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $249.00 price target on shares of Republic Services in a report on Friday, May 8th. Finally, Citigroup raised their price objective on shares of Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Eleven investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.