Republic Services (NYSE:RSG) Major Shareholder Cascade Investment, L.L.C. Purchases 311,304 Shares

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. acquired 311,304 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The shares were acquired at an average cost of $221.31 per share, with a total value of $68,894,688.24. Following the purchase, the insider directly owned 116,477,634 shares of the company’s stock, valued at $25,777,665,180.54. This trade represents a 0.27% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own at least 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 Tuesday, September 8th, Cascade Investment, L.L.C. bought 409,500 shares of Republic Services stock. The stock was acquired at an average price of $221.49 per share, for a total transaction of $90,700,155.00.
• 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, for a total transaction 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 acquired 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. acquired 329,200 shares of Republic Services stock. The stock was bought 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. bought 204,800 shares of Republic Services stock. The shares were bought at an average price 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 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 price 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, with a total value 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 cost of $221.88 per share, with a total value of $59,791,556.76.

Republic Services Price Performance

Shares of NYSE RSG traded down $1.23 during trading hours on Thursday, reaching $221.24. 1,648,597 shares of the stock traded hands, compared to its average volume of 1,549,700. The company’s 50-day simple moving average is $218.07 and its two-hundred day simple moving average is $215.18. The company has a market capitalization of $67.74 billion, a P/E ratio of 31.34, a price-to-earnings-growth ratio of 3.67 and a beta of 0.40. Republic Services, Inc. has a 52-week low of $196.41 and a 52-week high of $233.42. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.12.

Republic Services (NYSE:RSG) last issued 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. 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 analyst estimates of $4.36 billion. During the same quarter in the prior year, the firm earned $1.77 earnings per share. Republic Services’s revenue for the quarter was up 4.6% on a year-over-year basis. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Equities research analysts forecast 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 issued 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 payout ratio is 35.41%.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Republic Services

Several hedge funds and other institutional investors have recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in Republic Services by 75.8% in the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock worth $3,988,000 after buying an additional 8,547 shares during the period. Federated Hermes Inc. increased its stake in shares of Republic Services by 23.2% during the second quarter. Federated Hermes Inc. now owns 17,553 shares of the business services provider’s stock valued at $4,329,000 after buying an additional 3,303 shares during the period. NewEdge Advisors LLC raised its holdings in shares of Republic Services by 3.6% during the second quarter. NewEdge Advisors LLC now owns 29,690 shares of the business services provider’s stock valued at $7,322,000 after acquiring an additional 1,044 shares in the last quarter. Treasurer of the State of North Carolina lifted its stake in 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 worth $23,336,000 after acquiring an additional 688 shares during the period. Finally, Ieq Capital LLC boosted its holdings in Republic Services by 68.4% in 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 owned by 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.