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

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. acquired 174,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The stock was bought at an average price of $215.80 per share, for a total transaction of $37,657,100.00. Following the completion of the transaction, the insider owned 111,480,146 shares of the company’s stock, valued at $24,057,415,506.80. The trade was a 0.16% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own 10% or more 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. bought 188,460 shares of Republic Services stock. The shares were bought at an average price of $215.81 per share, with a total value of $40,671,552.60.
• On Tuesday, August 11th, Cascade Investment, L.L.C. purchased 240,000 shares of Republic Services stock. The stock was bought 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. acquired 261,664 shares of Republic Services stock. The shares were bought 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 stock was bought at an average price of $213.31 per share, with a total value of $12,947,917.00.

Republic Services Price Performance

RSG traded down $0.47 during trading on Friday, reaching $214.75. The stock had a trading volume of 1,038,545 shares, compared to its average volume of 1,552,430. The business has a 50-day moving average of $213.92 and a 200-day moving average of $214.98. Republic Services, Inc. has a one year low of $196.41 and a one year high of $238.62. 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 cap of $65.76 billion, a PE ratio of 30.42, a PEG ratio of 3.51 and a beta of 0.40.

Republic Services (NYSE:RSG) last issued its quarterly 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. The firm had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.36 billion. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. As a group, equities research analysts anticipate that Republic Services, Inc. will post 7.27 EPS for the current fiscal year.

Republic Services Increases Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in RSG. BlackRock Inc. purchased a new stake in Republic Services during the 2nd quarter valued at $3,798,092,000. Norges Bank purchased a new stake in shares of Republic Services during the fourth quarter worth about $617,165,000. Capital World Investors grew its stake in shares of Republic Services by 27.7% in the fourth quarter. Capital World Investors now owns 8,765,623 shares of the business services provider’s stock worth $1,857,698,000 after purchasing an additional 1,899,183 shares during the last quarter. Morgan Stanley increased its holdings in Republic Services by 38.6% during the 4th quarter. Morgan Stanley now owns 5,348,501 shares of the business services provider’s stock valued at $1,133,509,000 after purchasing an additional 1,490,719 shares during the period. Finally, Legal & General Group Plc bought a new position in Republic Services during the 2nd quarter valued at approximately $245,506,000. 57.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RSG has been the topic of several research reports. Citigroup lifted their price target 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 target price on shares of Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a report on Tuesday. Royal Bank Of Canada boosted their price target on shares of Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Robert W. Baird reduced their price objective 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. Finally, Barclays lifted 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. Eleven equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.