Cascade Investment, L.L.C. Acquires 324,810 Shares of Republic Services (NYSE:RSG) Stock

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. purchased 324,810 shares of the stock in a transaction that occurred on Friday, September 11th. The shares were acquired at an average price of $222.89 per share, for a total transaction of $72,396,900.90. Following the completion of the transaction, the insider directly owned 117,058,444 shares of the company’s stock, valued at $26,091,156,583.16. The trade was a 0.28% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major 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 Wednesday, September 9th, Cascade Investment, L.L.C. purchased 311,304 shares of Republic Services stock. The shares were bought at an average price of $221.31 per share, for a total transaction of $68,894,688.24.
• On Tuesday, September 8th, Cascade Investment, L.L.C. acquired 409,500 shares of Republic Services stock. The stock was purchased at an average cost of $221.49 per share, with a total value of $90,700,155.00.
• On Friday, September 4th, Cascade Investment, L.L.C. bought 365,039 shares of Republic Services stock. The shares were purchased 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. purchased 370,264 shares of Republic Services stock. The stock was purchased at an average cost of $224.81 per share, with a total value of $83,239,049.84.
• On Wednesday, September 2nd, Cascade Investment, L.L.C. purchased 329,200 shares of Republic Services stock. The shares were purchased at an average cost of $223.27 per share, for a total transaction of $73,500,484.00.
• On Tuesday, September 1st, Cascade Investment, L.L.C. bought 204,800 shares of Republic Services stock. The shares were acquired at an average cost of $222.68 per share, with a total value 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 acquired 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 acquired at an average cost 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 price of $219.52 per share, for a total transaction 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, with a total value of $61,037,025.00.

Republic Services Trading Up 1.4%

Shares of Republic Services stock traded up $3.07 on Monday, reaching $225.81. The company had a trading volume of 1,393,169 shares, compared to its average volume of 1,547,751. The firm’s 50 day moving average price is $218.26 and its two-hundred day moving average price is $215.21. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.64 and a current ratio of 0.64. 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 $69.15 billion, a PE ratio of 31.98, a PEG ratio of 3.69 and a beta of 0.40.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 earnings per share 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 firm 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. The firm’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. Sell-side analysts predict that Republic Services, Inc. will post 7.27 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd will be paid 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 payout ratio is 35.41%.

Analyst Upgrades and Downgrades

RSG has been the subject of a number of analyst reports. Citigroup boosted their price objective on Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Weiss Ratings upgraded shares of Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. Morgan Stanley set a $232.00 price objective on shares of Republic Services in a research report on Friday, August 7th. UBS Group boosted their target price on shares of Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Finally, Barclays increased their target price on Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Twelve research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, Republic Services presently has an average rating of “Moderate Buy” and a consensus price target of $245.26.

Institutional Investors Weigh In On Republic Services

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bell Investment Advisors Inc acquired a new stake in shares of Republic Services during the second quarter worth about $25,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Republic Services in the 2nd quarter valued at about $27,000. Compass Financial Management LLC acquired a new position in Republic Services during the second quarter worth approximately $27,000. Hilton Head Capital Partners LLC purchased a new stake in Republic Services in the fourth quarter valued at approximately $32,000. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of Republic Services by 47.3% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 162 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 52 shares during the period. 57.73% of the stock is owned by hedge funds and other institutional investors.

About Republic Services

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.