Insider Buying: Republic Services (NYSE:RSG) Major Shareholder Buys $56,908,800.00 in Stock

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. purchased 256,000 shares of the stock in a transaction on Thursday, September 10th. The shares were acquired at an average cost of $222.30 per share, for a total transaction of $56,908,800.00. Following the transaction, the insider owned 116,733,634 shares of the company’s stock, valued at approximately $25,949,886,838.20. The trade was a 0.22% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Cascade Investment, L.L.C. also recently made the following trade(s):

• On Friday, September 11th, Cascade Investment, L.L.C. acquired 324,810 shares of Republic Services stock. The stock was acquired at an average cost of $222.89 per share, with a total value of $72,396,900.90.
• On Wednesday, September 9th, Cascade Investment, L.L.C. bought 311,304 shares of Republic Services stock. The shares were acquired at an average cost 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 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. 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 stock was 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 shares were bought at an average price 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 shares were bought at an average cost 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 price of $221.94 per share, for a total transaction of $66,803,940.00.
• On Friday, August 28th, Cascade Investment, L.L.C. purchased 251,400 shares of Republic Services stock. The stock was bought at an average cost of $221.03 per share, for a total transaction 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 purchased at an average price of $219.52 per share, with a total value of $62,475,392.00.

Republic Services Price Performance

Republic Services stock opened at $219.93 on Thursday. The company has a market capitalization of $67.34 billion, a price-to-earnings ratio of 31.15, a PEG ratio of 3.69 and a beta of 0.40. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.12. Republic Services, Inc. has a 12 month low of $196.41 and a 12 month high of $233.42. The stock’s 50 day moving average is $218.47 and its 200-day moving average is $215.22.

Republic Services (NYSE:RSG) last released its quarterly 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 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 the consensus estimate of $4.36 billion. During the same period in the previous year, the company posted $1.77 EPS. The firm’s quarterly revenue 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 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. Stockholders of record on Friday, October 2nd will be given a $0.67 dividend. The ex-dividend date of this dividend is Friday, October 2nd. This is a boost from Republic Services’s previous quarterly dividend of $0.62. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.2%. Republic Services’s dividend payout ratio (DPR) is presently 35.41%.

Analyst Ratings Changes

Several analysts have weighed in on RSG shares. Morgan Stanley set a $232.00 price objective on shares of Republic Services in a research note on Friday, August 7th. Barclays raised 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. Weiss Ratings upgraded Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. Wolfe Research assumed coverage on Republic Services in a research report on Tuesday. They set a “peer perform” rating on the stock. Finally, UBS Group lifted their price objective on Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a report 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $245.26.

Institutional Trading of Republic Services

Several large investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC boosted its holdings in shares of Republic Services by 32.2% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 7,716 shares of the business services provider’s stock valued at $1,644,000 after purchasing an additional 1,878 shares in the last quarter. Nykredit A S acquired a new position in Republic Services in the 2nd quarter worth about $24,534,000. Corient Private Wealth LP increased its stake in shares of Republic Services by 39.0% in the second quarter. Corient Private Wealth LP now owns 153,096 shares of the business services provider’s stock valued at $32,622,000 after buying an additional 42,943 shares during the period. Schulz Wealth LTD. bought a new position in shares of Republic Services during the second quarter valued at $279,000. Finally, Groupe la Francaise raised its position in Republic Services by 17.8% during the 2nd quarter. Groupe la Francaise now owns 71,736 shares of the business services provider’s stock worth $15,291,000 after purchasing an additional 10,853 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

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.