Republic Services (NYSE:RSG) Major Shareholder Purchases $61,037,025.00 in Stock

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. purchased 275,500 shares of Republic Services stock in a transaction that occurred on Wednesday, August 26th. The shares were bought at an average price of $221.55 per share, for a total transaction of $61,037,025.00. Following the completion of the transaction, the insider owned 113,650,527 shares in the company, valued at $25,179,274,256.85. The trade was a 0.24% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 Thursday, August 27th, Cascade Investment, L.L.C. acquired 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 Tuesday, August 25th, Cascade Investment, L.L.C. bought 269,477 shares of Republic Services stock. The stock was purchased at an average cost of $221.88 per share, for a total transaction of $59,791,556.76.
• On Monday, August 24th, Cascade Investment, L.L.C. purchased 301,639 shares of Republic Services stock. The shares were purchased at an average price of $222.91 per share, with a total value of $67,238,349.49.
• On Friday, August 21st, Cascade Investment, L.L.C. purchased 191,361 shares of Republic Services stock. The stock was purchased at an average cost of $220.34 per share, for a total transaction of $42,164,482.74.
• On Thursday, August 20th, Cascade Investment, L.L.C. acquired 208,925 shares of Republic Services stock. The stock was purchased at an average price of $220.26 per share, for a total transaction of $46,017,820.50.
• On Wednesday, August 19th, Cascade Investment, L.L.C. bought 178,844 shares of Republic Services stock. The shares were purchased at an average price of $222.51 per share, with a total value of $39,794,578.44.
• On Tuesday, August 18th, Cascade Investment, L.L.C. bought 200,125 shares of Republic Services stock. The stock was acquired at an average cost of $217.90 per share, for a total transaction of $43,607,237.50.
• On Monday, August 17th, Cascade Investment, L.L.C. purchased 206,800 shares of Republic Services stock. The shares were acquired at an average price of $214.92 per share, for a total transaction of $44,445,456.00.
• On Friday, August 14th, Cascade Investment, L.L.C. purchased 149,250 shares of Republic Services stock. The shares were acquired at an average cost of $215.73 per share, with a total value of $32,197,702.50.
• On Thursday, August 13th, Cascade Investment, L.L.C. acquired 188,460 shares of Republic Services stock. The stock was acquired at an average price of $215.81 per share, for a total transaction of $40,671,552.60.

Republic Services Trading Up 1.4%

Shares of RSG traded up $2.97 during mid-day trading on Friday, hitting $222.24. 1,401,094 shares of the company’s stock traded hands, compared to its average volume of 1,543,237. 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 firm has a market capitalization of $68.05 billion, a P/E ratio of 31.48, a PEG ratio of 3.68 and a beta of 0.40. The business’s 50-day moving average price is $216.07 and its 200-day moving average price is $215.15. Republic Services, Inc. has a 1 year low of $196.41 and a 1 year high of $235.18.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.04. The company had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.36 billion. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The firm’s revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. As a group, sell-side analysts forecast that Republic Services, Inc. will post 7.27 EPS for the current fiscal 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 given a dividend of $0.67 per share. This is an increase from Republic Services’s previous quarterly dividend of $0.62. This represents a $2.68 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, October 2nd. Republic Services’s dividend payout ratio is presently 37.96%.

Wall Street Analysts Forecast Growth

RSG has been the subject of several research analyst reports. Barclays raised their price objective 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 raised Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $249.00 price target on shares of Republic Services in a research report on Friday, May 8th. Morgan Stanley set a $232.00 price target on Republic Services in a research note on Friday, August 7th. Finally, Argus downgraded Republic Services from a “buy” rating to a “hold” rating in a report on Monday, May 11th. Twelve equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $245.26.

Institutional Trading of Republic Services

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