Cascade Investment, L.L.C. Purchases 206,800 Shares of Republic Services (NYSE:RSG) Stock

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. bought 206,800 shares of the stock in a transaction dated Monday, August 17th. The stock was bought at an average price of $214.92 per share, with a total value of $44,445,456.00. Following the acquisition, the insider owned 112,024,656 shares in the company, valued at approximately $24,076,339,067.52. This represents a 0.18% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Friday, August 14th, Cascade Investment, L.L.C. purchased 149,250 shares of Republic Services stock. The stock was bought at an average cost of $215.73 per share, with a total value of $32,197,702.50.
• On Thursday, August 13th, Cascade Investment, L.L.C. acquired 188,460 shares of Republic Services stock. The stock was bought 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 shares were purchased at an average price of $215.80 per share, for a total transaction of $37,657,100.00.
• On Tuesday, August 11th, Cascade Investment, L.L.C. bought 240,000 shares of Republic Services stock. The stock was purchased at an average cost of $216.32 per share, with a total value 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 purchased at an average price of $214.89 per share, for a total transaction of $56,228,976.96.

Republic Services Stock Performance

RSG traded up $1.91 during trading on Tuesday, hitting $217.17. 1,704,850 shares of the stock were exchanged, compared to its average volume of 1,550,501. The company has a quick ratio of 0.64, a current 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 $238.62. The stock has a fifty day moving average price of $214.22 and a two-hundred day moving average price of $214.94. The firm has a market capitalization of $66.50 billion, a P/E ratio of 30.76, a PEG ratio of 3.51 and a beta of 0.40.

Republic Services (NYSE:RSG) last announced its earnings results on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.04. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The business had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.36 billion. During the same period in the previous year, the company posted $1.77 EPS. The company’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. As a group, sell-side analysts predict that Republic Services, Inc. will post 7.27 earnings per share for the current year.

Republic Services Increases Dividend

The firm also recently disclosed 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 yield of 1.2%. The ex-dividend date is Friday, October 2nd. Republic Services’s dividend payout ratio (DPR) is presently 35.41%.

Institutional Investors Weigh In On Republic Services

Institutional investors have recently added to or reduced their stakes in the business. Bridgewater Advisors Inc. acquired a new position in shares of Republic Services during the 2nd quarter worth $535,000. iA Global Asset Management Inc. lifted its stake in shares of 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 valued at $13,606,000 after purchasing an additional 10,000 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Republic Services by 23.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,952 shares of the business services provider’s stock worth $6,984,000 after buying an additional 6,194 shares in the last quarter. Norges Bank acquired a new position in Republic Services during the fourth quarter worth about $617,165,000. Finally, Varma Mutual Pension Insurance Co increased its holdings in Republic Services by 25.6% in the fourth quarter. Varma Mutual Pension Insurance Co now owns 67,178 shares of the business services provider’s stock valued at $14,237,000 after buying an additional 13,700 shares in the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on RSG. Citigroup raised their price target on Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a report on Friday, July 10th. UBS Group lifted their target price on Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. Morgan Stanley set a $232.00 target price on Republic Services in a report on Friday, August 7th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and set a $249.00 price target on shares of Republic Services in a report on Friday, May 8th. Finally, Barclays lifted their price objective on shares of Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Eleven research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock 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.