Republic Services (NYSE:RSG) Major Shareholder Purchases 149,250 Shares

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. purchased 149,250 shares of Republic Services stock in a transaction that occurred on Friday, August 14th. The stock was acquired at an average cost of $215.73 per share, with a total value of $32,197,702.50. Following the transaction, the insider owned 111,817,856 shares in the company, valued at $24,122,466,074.88. This trade represents a 0.13% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% 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 Monday, August 17th, Cascade Investment, L.L.C. acquired 206,800 shares of Republic Services stock. The stock was acquired at an average cost of $214.92 per share, for a total transaction of $44,445,456.00.
• On Thursday, August 13th, Cascade Investment, L.L.C. purchased 188,460 shares of Republic Services stock. The shares were bought 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. acquired 174,500 shares of Republic Services stock. The shares were bought at an average cost of $215.80 per share, with a total value of $37,657,100.00.
• On Tuesday, August 11th, Cascade Investment, L.L.C. bought 240,000 shares of Republic Services stock. The stock was bought at an average price of $216.32 per share, for a total transaction of $51,916,800.00.
• On Monday, August 10th, Cascade Investment, L.L.C. bought 261,664 shares of Republic Services stock. The shares were bought at an average cost of $214.89 per share, for a total transaction of $56,228,976.96.

Republic Services Stock Up 0.9%

NYSE RSG traded up $1.91 on Tuesday, reaching $217.17. The company had a trading volume of 1,704,850 shares, compared to its average volume of 1,550,501. 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 company’s fifty day moving average is $214.22 and its 200 day moving average is $214.94. Republic Services, Inc. has a 52-week low of $196.41 and a 52-week high of $238.62. The stock has a market capitalization of $66.50 billion, a P/E ratio of 30.76, a P/E/G ratio of 3.51 and a beta of 0.40.

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

Republic Services Increases Dividend

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on RSG shares. Barclays lifted their price target on Republic Services from $233.00 to $240.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Royal Bank Of Canada raised their price objective on shares of Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Argus lowered shares of Republic Services from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. UBS Group increased their target price 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. Finally, Citigroup raised their price target on shares of Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Eleven analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $245.26.

Institutional Investors Weigh In On Republic Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in shares of Republic Services by 75.8% in the fourth quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock valued at $3,988,000 after purchasing an additional 8,547 shares during the period. Federated Hermes Inc. boosted its holdings in shares of Republic Services by 23.2% in the second quarter. Federated Hermes Inc. now owns 17,553 shares of the business services provider’s stock worth $4,329,000 after acquiring an additional 3,303 shares during the period. NewEdge Advisors LLC boosted its stake in Republic Services by 3.6% in the 2nd quarter. NewEdge Advisors LLC now owns 29,690 shares of the business services provider’s stock worth $7,322,000 after purchasing an additional 1,044 shares during the period. Treasurer of the State of North Carolina boosted its position in shares of Republic Services by 0.7% in the second quarter. Treasurer of the State of North Carolina now owns 94,626 shares of the business services provider’s stock valued at $23,336,000 after acquiring an additional 688 shares during the period. Finally, Ieq Capital LLC grew its stake in Republic Services by 68.4% during the second quarter. Ieq Capital LLC now owns 11,643 shares of the business services provider’s stock valued at $2,871,000 after acquiring an additional 4,729 shares in the last quarter. 57.73% of the stock is currently 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.