Insider Buying: Republic Services (NYSE:RSG) Major Shareholder Buys $51,916,800.00 in Stock

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. bought 240,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was bought at an average price of $216.32 per share, for a total transaction of $51,916,800.00. Following the completion of the purchase, the insider owned 111,305,646 shares of the company’s stock, valued at approximately $24,077,637,342.72. The trade was a 0.22% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more 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 Thursday, August 13th, Cascade Investment, L.L.C. purchased 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 Wednesday, August 12th, Cascade Investment, L.L.C. purchased 174,500 shares of Republic Services stock. The stock was bought at an average cost of $215.80 per share, for a total transaction of $37,657,100.00.
• On Monday, August 10th, Cascade Investment, L.L.C. acquired 261,664 shares of Republic Services stock. The stock was purchased 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 purchased at an average cost of $213.31 per share, with a total value of $12,947,917.00.
• On Friday, May 15th, Cascade Investment, L.L.C. bought 119,795 shares of Republic Services stock. The stock was purchased at an average price of $208.93 per share, for a total transaction of $25,028,769.35.
• On Thursday, May 14th, Cascade Investment, L.L.C. purchased 307,505 shares of Republic Services stock. The shares were purchased at an average cost of $207.68 per share, for a total transaction of $63,862,638.40.

Republic Services Stock Down 0.2%

RSG stock opened at $214.75 on Friday. The stock has a fifty day moving average of $214.01 and a 200-day moving average of $214.98. Republic Services, Inc. has a fifty-two week low of $196.41 and a fifty-two week high of $238.62. The company has a market capitalization of $65.76 billion, a price-to-earnings ratio of 30.42, a PEG ratio of 3.52 and a beta of 0.40. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.67 and a current ratio of 0.64.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, beating the consensus estimate of $1.81 by $0.04. The business 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%. The company’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $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 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. Investors of record on Friday, October 2nd will be issued a $0.67 dividend. This is a boost from Republic Services’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $2.68 annualized dividend and a yield of 1.2%. Republic Services’s payout ratio is 35.41%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on RSG shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Republic Services in a report on Friday, July 24th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $249.00 price objective on shares of Republic Services in a research note on Friday, May 8th. Morgan Stanley set a $232.00 target price on Republic Services in a research note on Friday, August 7th. UBS Group lifted their target price on Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Argus cut Republic Services from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. Eleven research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $245.26.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Jupiter Topco LLC purchased a new position in Republic Services during the second quarter worth about $5,081,000. J. Goldman & Co LP purchased a new stake in shares of Republic Services in the 2nd quarter valued at about $243,000. Hsbc Holdings PLC bought a new stake in shares of Republic Services during the 2nd quarter valued at about $93,210,000. EFG International AG purchased a new position in shares of Republic Services during the second quarter worth about $1,074,000. Finally, Ancora Advisors LLC bought a new position in shares of Republic Services in the second quarter worth approximately $8,421,000. Institutional investors own 57.73% of the company’s stock.

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.