Republic Services (NYSE:RSG) Major Shareholder Acquires 409,500 Shares of Stock

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. purchased 409,500 shares of Republic Services stock in a transaction dated Tuesday, September 8th. The stock was acquired at an average price of $221.49 per share, for a total transaction of $90,700,155.00. Following the completion of the acquisition, the insider owned 116,166,330 shares of the company’s stock, valued at approximately $25,729,680,431.70. This trade represents a 0.35% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more 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, September 9th, Cascade Investment, L.L.C. acquired 311,304 shares of Republic Services stock. The shares were acquired at an average price of $221.31 per share, with a total value of $68,894,688.24.
• On Friday, September 4th, Cascade Investment, L.L.C. acquired 365,039 shares of Republic Services stock. The stock was acquired at an average cost of $223.16 per share, for a total transaction of $81,462,103.24.
• On Thursday, September 3rd, Cascade Investment, L.L.C. bought 370,264 shares of Republic Services stock. The shares were acquired at an average price of $224.81 per share, with a total value of $83,239,049.84.
• On Wednesday, September 2nd, Cascade Investment, L.L.C. bought 329,200 shares of Republic Services stock. The shares were bought at an average cost of $223.27 per share, with a total value of $73,500,484.00.
• On Tuesday, September 1st, Cascade Investment, L.L.C. purchased 204,800 shares of Republic Services stock. The stock was bought at an average price of $222.68 per share, for a total transaction of $45,604,864.00.
• On Monday, August 31st, Cascade Investment, L.L.C. purchased 301,000 shares of Republic Services stock. The stock was bought at an average cost of $221.94 per share, for a total transaction of $66,803,940.00.
• 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 stock was 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 shares were bought 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. purchased 269,477 shares of Republic Services stock. The shares were bought at an average cost of $221.88 per share, with a total value of $59,791,556.76.

Republic Services Trading Down 0.6%

Shares of NYSE RSG traded down $1.23 during trading hours on Thursday, reaching $221.24. The stock had a trading volume of 1,648,597 shares, compared to its average volume of 1,549,700. Republic Services, Inc. has a 52-week low of $196.41 and a 52-week high of $233.42. The firm has a market cap of $67.74 billion, a price-to-earnings ratio of 31.34, a P/E/G ratio of 3.67 and a beta of 0.40. The business’s fifty day moving average price is $218.07 and its two-hundred day moving average price is $215.18. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.12.

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, 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 company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same period last year, the business posted $1.77 EPS. Republic Services’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. Analysts expect that Republic Services, Inc. will post 7.27 EPS for the current fiscal year.

Republic Services Increases Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of RSG. Korea Investment CORP purchased a new position in Republic Services in the second quarter worth $20,602,000. Bridgewater Advisors Inc. purchased a new stake in shares of Republic Services during the 2nd quarter valued at $535,000. Equitable Holdings Inc. acquired a new stake in shares of Republic Services in the 2nd quarter worth $1,381,000. iA Global Asset Management Inc. grew its stake in Republic Services by 18.5% during the 4th quarter. iA Global Asset Management Inc. now owns 64,200 shares of the business services provider’s stock worth $13,606,000 after buying an additional 10,000 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in Republic Services during the 2nd quarter worth $16,335,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Barclays increased their target price on shares of Republic Services from $233.00 to $240.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. UBS Group upped their price target on shares of Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Morgan Stanley set a $232.00 price objective on shares of Republic Services in a research note on Friday, August 7th. Citigroup boosted their price objective 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. Finally, Weiss Ratings upgraded Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 21st. Twelve analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $245.26.

Republic Services Company Profile

Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal and recycling services. The company serves residential, commercial, industrial and municipal customers, offering scheduled and on-demand waste pickup, roll-off containers, transfer-station services and landfill disposal.

Its recycling and environmental services include the collection and processing of recyclable materials, organics management, waste reduction programs and related sustainability solutions.