Cascade Investment, L.L.C. Purchases 370,264 Shares of Republic Services (NYSE:RSG) Stock

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. acquired 370,264 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were purchased at an average cost of $224.81 per share, for a total transaction of $83,239,049.84. Following the purchase, the insider directly owned 115,391,791 shares in the company, valued at approximately $25,941,228,534.71. This trade represents a 0.32% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% 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 Friday, September 4th, Cascade Investment, L.L.C. purchased 365,039 shares of Republic Services stock. The stock was acquired at an average cost of $223.16 per share, with a total value of $81,462,103.24.
• On Wednesday, September 2nd, Cascade Investment, L.L.C. bought 329,200 shares of Republic Services stock. The shares were acquired at an average price of $223.27 per share, for a total transaction 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 cost 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, with a total value 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 cost of $221.03 per share, for a total transaction of $55,566,942.00.
• On Thursday, August 27th, Cascade Investment, L.L.C. bought 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. purchased 275,500 shares of Republic Services stock. The shares were bought 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. purchased 269,477 shares of Republic Services stock. The stock was bought at an average cost of $221.88 per share, for a total transaction of $59,791,556.76.
• On Monday, August 24th, Cascade Investment, L.L.C. acquired 301,639 shares of Republic Services stock. The stock was purchased at an average price of $222.91 per share, for a total transaction of $67,238,349.49.
• On Friday, August 21st, Cascade Investment, L.L.C. bought 191,361 shares of Republic Services stock. The shares were purchased at an average cost of $220.34 per share, with a total value of $42,164,482.74.

Republic Services Price Performance

Shares of NYSE RSG traded down $1.02 during midday trading on Tuesday, hitting $221.69. The stock had a trading volume of 1,491,808 shares, compared to its average volume of 1,547,906. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.12. The stock has a 50 day simple moving average of $217.74 and a 200-day simple moving average of $215.14. The company has a market capitalization of $67.88 billion, a PE ratio of 31.40, a P/E/G ratio of 3.69 and a beta of 0.40. Republic Services, Inc. has a 1 year low of $196.41 and a 1 year high of $233.42.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 earnings per share 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% on a year-over-year basis. During the same quarter last year, the firm posted $1.77 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, sell-side analysts expect that Republic Services, Inc. will post 7.27 EPS for the current fiscal year.

Republic Services Increases Dividend

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

Analyst Ratings Changes

Several analysts recently issued reports on RSG shares. Morgan Stanley set a $232.00 price objective on shares of Republic Services in a report on Friday, August 7th. UBS Group lifted their price target 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. Argus downgraded shares of Republic Services from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Weiss Ratings raised shares of Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. Finally, Citigroup boosted their target price on Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Twelve analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $245.26.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Korea Investment CORP bought a new position in Republic Services during the second quarter valued at 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. acquired a new stake in Republic Services in the 2nd quarter valued at about $1,381,000. iA Global Asset Management Inc. boosted its position in shares of 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 valued at $13,606,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Republic Services in the 2nd quarter worth approximately $16,335,000. 57.73% of the stock is owned by institutional investors and hedge funds.

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.