Republic Services (NYSE:RSG) Major Shareholder Cascade Investment, L.L.C. Acquires 409,500 Shares

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. bought 409,500 shares of the firm’s stock in a transaction on Tuesday, September 8th. The stock was acquired at an average cost of $221.49 per share, with a total value of $90,700,155.00. Following the transaction, the insider owned 116,166,330 shares in the company, valued at $25,729,680,431.70. The trade was a 0.35% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own 10% or more 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 stock was bought at an average price of $221.31 per share, with a total value of $68,894,688.24.
• On Friday, September 4th, Cascade Investment, L.L.C. acquired 365,039 shares of Republic Services stock. The shares were bought at an average cost of $223.16 per share, with a total value of $81,462,103.24.
• On Thursday, September 3rd, Cascade Investment, L.L.C. acquired 370,264 shares of Republic Services stock. The shares were bought at an average price of $224.81 per share, for a total transaction of $83,239,049.84.
• On Wednesday, September 2nd, Cascade Investment, L.L.C. bought 329,200 shares of Republic Services stock. The stock was bought at an average cost of $223.27 per share, with a total value of $73,500,484.00.
• On Tuesday, September 1st, Cascade Investment, L.L.C. purchased 204,800 shares of Republic Services stock. The shares were purchased 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 purchased at an average price 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 purchased at an average price of $221.03 per share, with a total value 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 purchased at an average cost 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 stock was purchased at an average cost of $221.55 per share, for a total transaction of $61,037,025.00.
• On Tuesday, August 25th, Cascade Investment, L.L.C. purchased 269,477 shares of Republic Services stock. The shares were purchased at an average price of $221.88 per share, with a total value of $59,791,556.76.

Republic Services Price Performance

Shares of NYSE:RSG opened at $221.24 on Friday. 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 market capitalization of $67.74 billion, a PE ratio of 31.34, a price-to-earnings-growth ratio of 3.68 and a beta of 0.40. The firm’s 50 day moving average price is $218.15 and its 200-day moving average price is $215.19. Republic Services, Inc. has a twelve month low of $196.41 and a twelve month high of $233.42.

Republic Services (NYSE:RSG) last announced its earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $4.36 billion. During the same period in the previous year, the business posted $1.77 earnings per share. The firm’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 research analysts expect that Republic Services, Inc. will post 7.27 EPS for the current year.

Republic Services Increases Dividend

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

Wall Street Analyst Weigh In

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

Institutional Trading of Republic Services

Hedge funds have recently modified their holdings of the company. Bell Investment Advisors Inc purchased a new stake in Republic Services during the second quarter valued at $25,000. Wealth Watch Advisors INC purchased a new position in shares of Republic Services in the 3rd quarter worth $26,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Republic Services in the 2nd quarter worth about $27,000. Compass Financial Management LLC purchased a new stake in shares of Republic Services during the 2nd quarter valued at about $27,000. Finally, Prosperity Bancshares Inc purchased a new position in Republic Services in the fourth quarter worth about $30,000. 57.73% of the stock is owned by hedge funds and other institutional investors.

Republic Services Company Profile

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.