Republic Services (NYSE:RSG) Major Shareholder Cascade Investment, L.L.C. Buys 324,810 Shares

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. acquired 324,810 shares of the firm’s stock in a transaction on Friday, September 11th. The shares were bought at an average cost of $222.89 per share, with a total value of $72,396,900.90. Following the completion of the transaction, the insider directly owned 117,058,444 shares in the company, valued at $26,091,156,583.16. This trade represents a 0.28% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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, with a total value of $68,894,688.24.
• On Tuesday, September 8th, Cascade Investment, L.L.C. acquired 409,500 shares of Republic Services stock. The stock was purchased 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. bought 365,039 shares of Republic Services stock. The stock was purchased at an average price of $223.16 per share, with a total value of $81,462,103.24.
• On Thursday, September 3rd, Cascade Investment, L.L.C. bought 370,264 shares of Republic Services stock. The stock was purchased at an average cost of $224.81 per share, for a total transaction of $83,239,049.84.
• On Wednesday, September 2nd, Cascade Investment, L.L.C. purchased 329,200 shares of Republic Services stock. The shares were purchased 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. acquired 204,800 shares of Republic Services stock. The stock was purchased 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. bought 301,000 shares of Republic Services stock. The shares were acquired 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. bought 251,400 shares of Republic Services stock. The shares were acquired 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. acquired 284,600 shares of Republic Services stock. The shares were acquired 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 acquired at an average price of $221.55 per share, with a total value of $61,037,025.00.

Republic Services Price Performance

Shares of NYSE RSG traded up $3.07 during trading on Monday, hitting $225.81. 1,393,169 shares of the company were exchanged, compared to its average volume of 1,547,751. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.64 and a quick ratio of 0.64. Republic Services, Inc. has a 1 year low of $196.41 and a 1 year high of $233.42. The company has a market cap of $69.15 billion, a price-to-earnings ratio of 31.98, a PEG ratio of 3.69 and a beta of 0.40. The firm’s fifty day moving average price is $218.26 and its 200 day moving average price is $215.21.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.04. The business had revenue of $4.43 billion during the quarter, compared to the consensus estimate 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 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 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be given a dividend of $0.67 per share. 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 dividend on an annualized basis and a yield of 1.2%. Republic Services’s dividend payout ratio (DPR) is presently 35.41%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on RSG. Morgan Stanley set a $232.00 price target on Republic Services in a research note on Friday, August 7th. Citigroup raised their target price on shares of Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a report on Friday, July 10th. Weiss Ratings upgraded shares of Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. Barclays increased their price target on shares of Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Finally, UBS Group upped their target price on Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. Twelve investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, Republic Services currently has a consensus rating of “Moderate Buy” and an average target price of $245.26.

Institutional Investors Weigh In On Republic Services

Hedge funds have recently modified their holdings of the company. Bell Investment Advisors Inc acquired a new position in shares of Republic Services in the second quarter valued at approximately $25,000. Edmond DE Rothschild Holding S.A. purchased a new stake in Republic Services in the 2nd quarter worth approximately $27,000. Compass Financial Management LLC acquired a new position in Republic Services in the 2nd quarter valued at $27,000. Hilton Head Capital Partners LLC acquired a new stake in shares of Republic Services during the fourth quarter worth $32,000. Finally, Annis Gardner Whiting Capital Advisors LLC grew its position in shares of Republic Services by 47.3% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 162 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 52 shares during the period. 57.73% of the stock is owned by institutional investors and hedge funds.

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.