Insider Buying: Republic Services (NYSE:RSG) Major Shareholder Buys 178,844 Shares of Stock

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. acquired 178,844 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was bought at an average price of $222.51 per share, with a total value of $39,794,578.44. Following the purchase, the insider directly owned 112,403,625 shares of the company’s stock, valued at $25,010,930,598.75. This represents a 0.16% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, August 18th, Cascade Investment, L.L.C. bought 200,125 shares of Republic Services stock. The shares were purchased at an average price of $217.90 per share, for a total transaction 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 cost of $214.92 per share, with a total value 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 price of $215.73 per share, for a total transaction of $32,197,702.50.
• On Thursday, August 13th, Cascade Investment, L.L.C. purchased 188,460 shares of Republic Services stock. The shares were purchased at an average cost of $215.81 per share, for a total transaction 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 purchased 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 shares were acquired 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. bought 261,664 shares of Republic Services stock. The stock was acquired at an average cost of $214.89 per share, for a total transaction of $56,228,976.96.

Republic Services Stock Performance

RSG stock traded down $1.46 on Thursday, hitting $219.58. The company’s stock had a trading volume of 1,392,602 shares, compared to its average volume of 1,548,682. The stock has a market cap of $67.24 billion, a price-to-earnings ratio of 31.10, a price-to-earnings-growth ratio of 3.55 and a beta of 0.40. The firm has a 50 day moving average of $214.52 and a two-hundred day moving average of $214.98. 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 $237.06.

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 the consensus estimate of $1.81 by $0.04. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.36 billion. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. Republic Services’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the firm posted $1.77 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Equities analysts predict that Republic Services, Inc. will post 7.27 EPS for the current fiscal year.

Republic Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be given a $0.67 dividend. This is a boost from Republic Services’s previous quarterly dividend of $0.62. The ex-dividend date is Friday, October 2nd. This represents a $2.68 annualized dividend and a yield of 1.2%. Republic Services’s payout ratio is presently 35.41%.

Institutional Trading of Republic Services

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. CBIZ Investment Advisory Services LLC grew its position in Republic Services by 11.3% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 445 shares of the business services provider’s stock worth $94,000 after buying an additional 45 shares during the period. Focus Financial Network Inc. grew its holdings in shares of Republic Services by 2.5% in the 2nd quarter. Focus Financial Network Inc. now owns 1,861 shares of the business services provider’s stock worth $397,000 after acquiring an additional 46 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Republic Services by 0.5% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 10,454 shares of the business services provider’s stock valued at $2,216,000 after purchasing an additional 48 shares in the last quarter. Williams Jones Wealth Management LLC. raised its holdings in Republic Services by 2.6% during the fourth quarter. Williams Jones Wealth Management LLC. now owns 1,925 shares of the business services provider’s stock worth $408,000 after purchasing an additional 49 shares during the last quarter. Finally, AlphaCentric Advisors LLC grew its holdings in Republic Services by 5.9% in the first quarter. AlphaCentric Advisors LLC now owns 903 shares of the business services provider’s stock valued at $198,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on RSG. Citigroup raised their target price 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. UBS Group increased their price target on shares of Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Argus lowered Republic Services from a “buy” rating to a “hold” rating in a report on Monday, May 11th. 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 report on Friday, May 8th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating and set a $249.00 target price on shares of Republic Services in a research note on Friday, May 8th. Eleven 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 target price of $245.26.

About Republic Services

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.