Republic Services (NYSE:RSG) Major Shareholder Cascade Investment, L.L.C. Acquires 301,639 Shares

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. acquired 301,639 shares of the stock in a transaction dated Monday, August 24th. The shares were purchased at an average price of $222.91 per share, for a total transaction of $67,238,349.49. Following the completion of the purchase, the insider directly owned 113,105,550 shares in the company, valued at $25,212,358,150.50. The trade was a 0.27% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Major 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 Tuesday, August 25th, Cascade Investment, L.L.C. bought 269,477 shares of Republic Services stock. The stock was purchased at an average price of $221.88 per share, with a total value of $59,791,556.76.
• On Friday, August 21st, Cascade Investment, L.L.C. purchased 191,361 shares of Republic Services stock. The shares were acquired at an average price of $220.34 per share, with a total value of $42,164,482.74.
• On Thursday, August 20th, Cascade Investment, L.L.C. purchased 208,925 shares of Republic Services stock. The shares were acquired at an average cost of $220.26 per share, for a total transaction of $46,017,820.50.
• On Wednesday, August 19th, Cascade Investment, L.L.C. acquired 178,844 shares of Republic Services stock. The stock was acquired at an average price of $222.51 per share, for a total transaction of $39,794,578.44.
• On Tuesday, August 18th, Cascade Investment, L.L.C. acquired 200,125 shares of Republic Services stock. The stock was acquired at an average cost of $217.90 per share, with a total value of $43,607,237.50.
• On Monday, August 17th, Cascade Investment, L.L.C. bought 206,800 shares of Republic Services stock. The shares were acquired at an average price of $214.92 per share, with a total value of $44,445,456.00.
• On Friday, August 14th, Cascade Investment, L.L.C. bought 149,250 shares of Republic Services stock. The shares were acquired at an average cost of $215.73 per share, for a total transaction of $32,197,702.50.
• On Thursday, August 13th, Cascade Investment, L.L.C. purchased 188,460 shares of Republic Services stock. The stock was acquired at an average price of $215.81 per share, for a total transaction of $40,671,552.60.
• On Wednesday, August 12th, Cascade Investment, L.L.C. purchased 174,500 shares of Republic Services stock. The shares were acquired at an average cost of $215.80 per share, with a total value of $37,657,100.00.
• On Tuesday, August 11th, Cascade Investment, L.L.C. acquired 240,000 shares of Republic Services stock. The shares were bought at an average cost of $216.32 per share, with a total value of $51,916,800.00.

Republic Services Price Performance

NYSE:RSG opened at $221.96 on Thursday. The company has a market cap of $67.97 billion, a P/E ratio of 31.44, a P/E/G ratio of 3.66 and a beta of 0.40. The firm’s fifty day moving average price is $215.79 and its two-hundred day moving average price is $215.15. Republic Services, Inc. has a one year low of $196.41 and a one year high of $235.18. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.64 and a quick ratio of 0.64.

Republic Services (NYSE:RSG) last posted its earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, topping 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 company had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.36 billion. During the same quarter last year, the company posted $1.77 EPS. Republic Services’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. Equities analysts expect that Republic Services, Inc. will post 7.27 earnings per share for the current year.

Republic Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.2%. This is a boost from Republic Services’s previous quarterly dividend of $0.62. The ex-dividend date is Friday, October 2nd. Republic Services’s dividend payout ratio (DPR) is 35.41%.

Institutional Investors Weigh In On Republic Services

A number of hedge funds and other institutional investors have recently made changes to their positions in RSG. Laurel Wealth Advisors LLC bought a new position in Republic Services during the 4th quarter worth $25,000. Bell Investment Advisors Inc acquired a new position in Republic Services in the 2nd quarter valued at $25,000. Wealth Watch Advisors INC bought a new stake in shares of Republic Services during the 3rd quarter valued at $26,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Republic Services during the 2nd quarter worth $27,000. Finally, Compass Financial Management LLC bought a new position in shares of Republic Services in the second quarter worth $27,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RSG has been the topic of several research reports. UBS Group upped their target price on Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Royal Bank Of Canada boosted their price target on Republic Services from $265.00 to $267.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Barclays upped their price objective on Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $249.00 price objective on shares of Republic Services in a research report on Friday, May 8th. Finally, Citigroup lifted their target price on Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Twelve equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock 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.