Insider Buying: Republic Services (NYSE:RSG) Major Shareholder Buys 301,000 Shares

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. bought 301,000 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was acquired at an average cost of $221.94 per share, with a total value of $66,803,940.00. Following the completion of the purchase, the insider owned 114,487,527 shares of the company’s stock, valued at approximately $25,409,361,742.38. This trade represents a 0.26% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Cascade Investment, L.L.C. also recently made the following trade(s):

• On Friday, August 28th, Cascade Investment, L.L.C. purchased 251,400 shares of Republic Services stock. The shares were acquired at an average cost of $221.03 per share, for a total transaction of $55,566,942.00.
• On Thursday, August 27th, Cascade Investment, L.L.C. acquired 284,600 shares of Republic Services stock. The shares were acquired 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. acquired 275,500 shares of Republic Services stock. The stock was acquired at an average price of $221.55 per share, with a total value of $61,037,025.00.
• On Tuesday, August 25th, Cascade Investment, L.L.C. bought 269,477 shares of Republic Services stock. The shares were bought at an average price of $221.88 per share, for a total transaction of $59,791,556.76.
• On Monday, August 24th, Cascade Investment, L.L.C. purchased 301,639 shares of Republic Services stock. The stock was bought at an average cost of $222.91 per share, for a total transaction of $67,238,349.49.
• On Friday, August 21st, Cascade Investment, L.L.C. purchased 191,361 shares of Republic Services stock. The stock was bought 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. acquired 208,925 shares of Republic Services stock. The shares were bought at an average cost of $220.26 per share, with a total value of $46,017,820.50.
• On Wednesday, August 19th, Cascade Investment, L.L.C. acquired 178,844 shares of Republic Services stock. The shares were bought 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. bought 200,125 shares of Republic Services stock. The stock was bought 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 purchased at an average price of $214.92 per share, with a total value of $44,445,456.00.

Republic Services Stock Up 1.1%

Shares of RSG traded up $2.35 during midday trading on Tuesday, hitting $223.27. The stock had a trading volume of 1,774,947 shares, compared to its average volume of 1,547,169. The firm has a market cap of $68.37 billion, a price-to-earnings ratio of 31.62, a price-to-earnings-growth ratio of 3.68 and a beta of 0.40. The company has a 50 day simple moving average of $216.76 and a two-hundred day simple moving average of $215.12. Republic Services, Inc. has a twelve month low of $196.41 and a twelve month 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 quarterly earnings data 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 return on equity of 18.69% and a net margin of 12.94%.The business had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same period last year, the company earned $1.77 earnings per share. 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. On average, analysts anticipate that Republic Services, Inc. will post 7.27 EPS for the current year.

Republic Services Increases Dividend

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

Hedge Funds Weigh In On Republic Services

A number of institutional investors have recently added to or reduced their stakes in the company. Korea Investment CORP acquired a new position in shares of Republic Services during the 2nd quarter worth about $20,602,000. Bridgewater Advisors Inc. acquired a new stake in Republic Services in the 2nd quarter valued at about $535,000. Equitable Holdings Inc. bought a new position in Republic Services during the second quarter worth about $1,381,000. iA Global Asset Management Inc. increased its position in Republic Services by 18.5% during the fourth 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 bought a new stake in Republic Services in the second quarter valued at approximately $16,335,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on RSG shares. UBS Group boosted their price objective 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. Royal Bank Of Canada lifted their price target on shares of Republic Services from $265.00 to $267.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Argus cut shares of Republic Services from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. 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. Finally, Morgan Stanley set a $232.00 price objective on Republic Services in a report on Friday, August 7th. Twelve analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $245.26.

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.