Insider Buying: Republic Services (NYSE:RSG) Major Shareholder Purchases $43,607,237.50 in Stock

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. bought 200,125 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was purchased at an average cost of $217.90 per share, with a total value of $43,607,237.50. Following the completion of the transaction, the insider directly owned 112,224,781 shares of the company’s stock, valued at approximately $24,453,779,779.90. The trade was a 0.18% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% 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 Wednesday, August 19th, Cascade Investment, L.L.C. purchased 178,844 shares of Republic Services stock. The shares were purchased at an average cost of $222.51 per share, for a total transaction of $39,794,578.44.
• On Monday, August 17th, Cascade Investment, L.L.C. acquired 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. acquired 149,250 shares of Republic Services stock. The stock was 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. bought 188,460 shares of Republic Services stock. The shares were acquired at an average price of $215.81 per share, with a total value of $40,671,552.60.
• On Wednesday, August 12th, Cascade Investment, L.L.C. bought 174,500 shares of Republic Services stock. The stock was acquired 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. purchased 240,000 shares of Republic Services stock. The stock was acquired 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. purchased 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 Up 0.4%

RSG opened at $220.45 on Friday. Republic Services, Inc. has a 12 month low of $196.41 and a 12 month high of $237.06. The company has a market cap of $67.50 billion, a PE ratio of 31.23, a price-to-earnings-growth ratio of 3.61 and a beta of 0.40. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.12. The company has a 50 day moving average of $214.96 and a 200 day moving average of $215.05.

Republic Services (NYSE:RSG) last posted its earnings results 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. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The firm had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter in the prior year, the business posted $1.77 earnings per share. The business’s quarterly revenue was up 4.6% on a year-over-year basis. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, sell-side analysts expect that Republic Services, Inc. will post 7.27 EPS for the current 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 issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.2%. 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. Republic Services’s payout ratio is 35.41%.

Analyst Ratings Changes

RSG has been the topic of several research analyst reports. Weiss Ratings raised shares of Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Argus lowered Republic Services from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Royal Bank Of Canada upped 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. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $249.00 price target on shares of Republic Services in a research report on Friday, May 8th. Finally, 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. Twelve equities 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 has a consensus rating of “Moderate Buy” and an average price target of $245.26.

Institutional Trading of Republic Services

Several hedge funds have recently added to or reduced their stakes in the business. Laurel Wealth Advisors LLC bought a new stake in shares of Republic Services in the 4th quarter valued at about $25,000. Bell Investment Advisors Inc bought a new stake in shares of Republic Services in the 2nd quarter worth approximately $25,000. Wealth Watch Advisors INC purchased a new position in shares of Republic Services during the third quarter valued at approximately $26,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Republic Services during the second quarter valued at approximately $27,000. Finally, Compass Financial Management LLC purchased a new stake in Republic Services in the second quarter worth $27,000. 57.73% of the stock is owned by institutional investors.

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.