Republic Services (NYSE:RSG) Major Shareholder Cascade Investment, L.L.C. Buys 261,664 Shares of Stock

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. purchased 261,664 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was bought at an average cost of $214.89 per share, for a total transaction of $56,228,976.96. Following the purchase, the insider directly owned 111,065,646 shares in the company, valued at $23,866,896,668.94. This trade represents a 0.24% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major 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, August 11th, Cascade Investment, L.L.C. purchased 240,000 shares of Republic Services stock. The stock was bought at an average cost of $216.32 per share, with a total value of $51,916,800.00.
• On Monday, May 18th, Cascade Investment, L.L.C. acquired 60,700 shares of Republic Services stock. The shares were bought at an average cost of $213.31 per share, for a total transaction of $12,947,917.00.
• On Friday, May 15th, Cascade Investment, L.L.C. bought 119,795 shares of Republic Services stock. The stock was bought at an average price of $208.93 per share, for a total transaction of $25,028,769.35.
• On Thursday, May 14th, Cascade Investment, L.L.C. purchased 307,505 shares of Republic Services stock. The shares were bought at an average price of $207.68 per share, with a total value of $63,862,638.40.

Republic Services Trading Down 0.4%

Shares of Republic Services stock opened at $214.13 on Thursday. The company has a current ratio of 0.64, a quick ratio of 0.67 and a debt-to-equity ratio of 1.12. Republic Services, Inc. has a twelve month low of $196.41 and a twelve month high of $238.62. The firm has a market capitalization of $65.57 billion, a PE ratio of 30.33, a P/E/G ratio of 3.51 and a beta of 0.40. The firm’s 50-day moving average price is $213.78 and its 200 day moving average price is $215.00.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, topping the consensus estimate 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%.Republic Services’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.77 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, sell-side analysts predict that Republic Services, Inc. will post 7.29 EPS for the current fiscal year.

Republic Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, October 2nd. 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

A number of equities research analysts have recently issued reports on the stock. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and set a $249.00 target price on shares of Republic Services in a report on Friday, May 8th. Argus lowered shares of Republic Services from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. Royal Bank Of Canada upped their price objective on shares of Republic Services from $265.00 to $267.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Republic Services in a report on Friday, July 24th. Finally, UBS Group boosted their target price on Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a report on Tuesday. Eleven equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $245.26.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Laurel Wealth Advisors LLC purchased a new position in Republic Services during the fourth quarter worth about $25,000. Bell Investment Advisors Inc purchased a new stake in shares of Republic Services in the 2nd quarter valued at approximately $25,000. Wealth Watch Advisors INC acquired a new stake in shares of Republic Services during the 3rd quarter worth approximately $26,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Republic Services during the 2nd quarter valued at approximately $27,000. Finally, Compass Financial Management LLC acquired a new position in Republic Services in the second quarter valued at approximately $27,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Company Profile

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.