Republic Services (NYSE:RSG) Major Shareholder Cascade Investment, L.L.C. Buys 269,477 Shares

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. purchased 269,477 shares of the company’s stock in a transaction dated Tuesday, August 25th. The shares were purchased at an average cost of $221.88 per share, for a total transaction of $59,791,556.76. Following the transaction, the insider directly owned 113,375,027 shares in the company, valued at approximately $25,155,650,990.76. The trade was a 0.24% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own more than 10% 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 Monday, August 24th, Cascade Investment, L.L.C. acquired 301,639 shares of Republic Services stock. The stock was 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 stock was purchased at an average price 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 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. bought 178,844 shares of Republic Services stock. The stock was acquired 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 stock was acquired at an average cost 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 price of $214.92 per share, for a total transaction of $44,445,456.00.
• On Friday, August 14th, Cascade Investment, L.L.C. acquired 149,250 shares of Republic Services stock. The stock was acquired 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 acquired 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 acquired at an average cost 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 shares were bought at an average price of $216.32 per share, for a total transaction of $51,916,800.00.

Republic Services Stock Performance

Shares of Republic Services stock traded up $1.00 during trading hours on Wednesday, reaching $221.96. The company had a trading volume of 1,427,624 shares, compared to its average volume of 1,542,637. The firm has a market cap of $67.97 billion, a PE ratio of 31.44, a price-to-earnings-growth ratio of 3.70 and a beta of 0.40. 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. The business has a fifty day simple moving average of $215.50 and a 200 day simple moving average of $215.13.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.04. The company had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.36 billion. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.77 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, analysts anticipate that Republic Services, Inc. will post 7.27 earnings per share for the current fiscal year.

Republic Services Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. UBS Group raised their price objective on shares of Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Morgan Stanley set a $232.00 target price on shares of Republic Services in a research note on Friday, August 7th. Royal Bank Of Canada raised their price target on shares of Republic Services from $265.00 to $267.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $249.00 price target on shares of Republic Services in a report on Friday, May 8th. Finally, Weiss Ratings upgraded Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Twelve research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Republic Services presently has an average rating of “Moderate Buy” and a consensus target price of $245.26.

Institutional Trading of Republic Services

Hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System increased its stake in Republic Services by 19,694.6% in the second quarter. California State Teachers Retirement System now owns 49,796,796 shares of the business services provider’s stock valued at $10,610,701,000 after acquiring an additional 49,545,228 shares during the last quarter. BlackRock Inc. bought a new stake in Republic Services during the second quarter worth about $3,798,092,000. Bank of America Corp DE purchased a new position in shares of Republic Services in the 2nd quarter worth about $682,573,000. Norges Bank purchased a new position in shares of Republic Services in the 4th quarter worth about $617,165,000. Finally, Capital World Investors increased its position in shares of Republic Services by 27.7% during the 4th quarter. Capital World Investors now owns 8,765,623 shares of the business services provider’s stock valued at $1,857,698,000 after purchasing an additional 1,899,183 shares during the last quarter. 57.73% of the stock is owned by institutional investors.

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.