Cascade Investment, L.L.C. Buys 301,000 Shares of Republic Services (NYSE:RSG) Stock

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. purchased 301,000 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The stock was bought at an average cost of $221.94 per share, for a total transaction of $66,803,940.00. Following the purchase, the insider owned 114,487,527 shares in the company, valued at $25,409,361,742.38. This represents a 0.26% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Friday, August 28th, Cascade Investment, L.L.C. acquired 251,400 shares of Republic Services stock. The shares were bought at an average price of $221.03 per share, with a total value of $55,566,942.00.
• On Thursday, August 27th, Cascade Investment, L.L.C. acquired 284,600 shares of Republic Services stock. The shares were bought at an average cost of $219.52 per share, with a total value of $62,475,392.00.
• On Wednesday, August 26th, Cascade Investment, L.L.C. bought 275,500 shares of Republic Services stock. The stock was purchased at an average cost of $221.55 per share, for a total transaction of $61,037,025.00.
• On Tuesday, August 25th, Cascade Investment, L.L.C. bought 269,477 shares of Republic Services stock. The shares were purchased at an average price of $221.88 per share, with a total value of $59,791,556.76.
• On Monday, August 24th, Cascade Investment, L.L.C. purchased 301,639 shares of Republic Services stock. The shares were purchased at an average cost of $222.91 per share, with a total value of $67,238,349.49.
• On Friday, August 21st, Cascade Investment, L.L.C. acquired 191,361 shares of Republic Services stock. The shares were purchased at an average cost of $220.34 per share, for a total transaction of $42,164,482.74.
• On Thursday, August 20th, Cascade Investment, L.L.C. acquired 208,925 shares of Republic Services stock. The shares were purchased at an average cost of $220.26 per share, with a total value of $46,017,820.50.
• On Wednesday, August 19th, Cascade Investment, L.L.C. bought 178,844 shares of Republic Services stock. The stock was purchased at an average price of $222.51 per share, with a total value of $39,794,578.44.
• On Tuesday, August 18th, Cascade Investment, L.L.C. purchased 200,125 shares of Republic Services stock. The shares were acquired 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. purchased 206,800 shares of Republic Services stock. The shares were acquired at an average cost of $214.92 per share, with a total value of $44,445,456.00.

Republic Services Price Performance

RSG traded up $2.35 during trading on Tuesday, hitting $223.27. The company’s stock had a trading volume of 1,774,947 shares, compared to its average volume of 1,547,169. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $68.37 billion, a price-to-earnings ratio of 31.62, a price-to-earnings-growth ratio of 3.68 and a beta of 0.40. The firm’s 50 day moving average price is $216.76 and its two-hundred day moving average price is $215.12. Republic Services, Inc. has a 12 month low of $196.41 and a 12 month high of $235.18.

Republic Services (NYSE:RSG) last announced its earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $4.36 billion. During the same period last year, the company posted $1.77 earnings per share. The firm’s quarterly 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. Sell-side analysts forecast that Republic Services, Inc. will post 7.27 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The business 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 a boost from Republic Services’s previous quarterly dividend of $0.62. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, October 2nd. Republic Services’s payout ratio is presently 35.41%.

Institutional Trading of Republic Services

Several institutional investors and hedge funds have recently made changes to their positions in the business. Korea Investment CORP bought a new position in Republic Services during the 2nd quarter worth approximately $20,602,000. Bridgewater Advisors Inc. bought a new stake in Republic Services in the second quarter valued at approximately $535,000. Equitable Holdings Inc. acquired a new stake in Republic Services in the second quarter worth $1,381,000. iA Global Asset Management Inc. raised its holdings in Republic Services by 18.5% in the fourth quarter. iA Global Asset Management Inc. now owns 64,200 shares of the business services provider’s stock worth $13,606,000 after purchasing an additional 10,000 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Republic Services during the second quarter worth $16,335,000. Institutional investors own 57.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Argus cut shares of Republic Services from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Morgan Stanley set a $232.00 price objective on Republic Services in a report on Friday, August 7th. Weiss Ratings upgraded Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. Citigroup lifted their target price on Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Finally, Barclays boosted their target price on Republic Services from $233.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Twelve investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.