Republic Services (NYSE:RSG) Major Shareholder Buys $81,462,103.24 in Stock

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. bought 365,039 shares of the stock in a transaction dated Friday, September 4th. The stock was bought at an average cost of $223.16 per share, with a total value of $81,462,103.24. Following the purchase, the insider owned 115,756,830 shares in the company, valued at $25,832,294,182.80. The trade was a 0.32% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large 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 Wednesday, September 9th, Cascade Investment, L.L.C. purchased 311,304 shares of Republic Services stock. The shares were bought at an average price of $221.31 per share, for a total transaction of $68,894,688.24.
• On Tuesday, September 8th, Cascade Investment, L.L.C. purchased 409,500 shares of Republic Services stock. The stock was bought at an average cost of $221.49 per share, for a total transaction of $90,700,155.00.
• On Thursday, September 3rd, Cascade Investment, L.L.C. acquired 370,264 shares of Republic Services stock. The stock was bought at an average price 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 shares were 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. bought 204,800 shares of Republic Services stock. The stock was purchased at an average price 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 shares were purchased at an average price of $221.94 per share, with a total value of $66,803,940.00.
• On Friday, August 28th, Cascade Investment, L.L.C. purchased 251,400 shares of Republic Services stock. The shares were purchased at an average cost of $221.03 per share, with a total value of $55,566,942.00.
• On Thursday, August 27th, Cascade Investment, L.L.C. purchased 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. acquired 275,500 shares of Republic Services stock. The stock was purchased at an average price of $221.55 per share, for a total transaction 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 purchased at an average price of $221.88 per share, with a total value of $59,791,556.76.

Republic Services Stock Down 0.6%

NYSE RSG opened at $221.24 on Friday. Republic Services, Inc. has a 1 year low of $196.41 and a 1 year high of $233.42. The stock has a market capitalization of $67.74 billion, a PE ratio of 31.34, a PEG ratio of 3.68 and a beta of 0.40. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.64 and a quick ratio of 0.64. The business’s 50-day moving average is $218.15 and its 200 day moving average is $215.19.

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

Republic Services Increases Dividend

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

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System boosted its holdings in Republic Services by 19,694.6% in the second quarter. California State Teachers Retirement System now owns 49,796,796 shares of the business services provider’s stock worth $10,610,701,000 after acquiring an additional 49,545,228 shares in the last quarter. BlackRock Inc. purchased a new position in shares of Republic Services in the 2nd quarter worth about $3,798,092,000. State Street Corp boosted its stake in Republic Services by 1.7% in the 4th quarter. State Street Corp now owns 9,695,747 shares of the business services provider’s stock worth $2,054,820,000 after purchasing an additional 166,474 shares in the last quarter. Capital World Investors grew its position in Republic Services by 27.7% during the 4th quarter. Capital World Investors now owns 8,765,623 shares of the business services provider’s stock valued at $1,857,698,000 after purchasing an additional 1,899,183 shares during the last quarter. Finally, Morgan Stanley increased its stake in Republic Services by 38.6% during the 4th quarter. Morgan Stanley now owns 5,348,501 shares of the business services provider’s stock valued at $1,133,509,000 after purchasing an additional 1,490,719 shares in the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

About Republic Services

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.