Republic Services (NYSE:RSG) Major Shareholder Cascade Investment, L.L.C. Acquires 200,125 Shares of Stock

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. acquired 200,125 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were bought at an average cost of $217.90 per share, for a total transaction of $43,607,237.50. Following the acquisition, the insider directly owned 112,224,781 shares in the company, valued at $24,453,779,779.90. This represents a 0.18% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large 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 Wednesday, August 19th, Cascade Investment, L.L.C. bought 178,844 shares of Republic Services stock. The shares were bought at an average cost of $222.51 per share, with a total value of $39,794,578.44.
• On Monday, August 17th, Cascade Investment, L.L.C. purchased 206,800 shares of Republic Services stock. The stock was purchased at an average cost of $214.92 per share, for a total transaction of $44,445,456.00.
• On Friday, August 14th, Cascade Investment, L.L.C. acquired 149,250 shares of Republic Services stock. The stock was purchased at an average price of $215.73 per share, with a total value of $32,197,702.50.
• On Thursday, August 13th, Cascade Investment, L.L.C. bought 188,460 shares of Republic Services stock. The shares were purchased at an average cost of $215.81 per share, for a total transaction of $40,671,552.60.
• On Wednesday, August 12th, Cascade Investment, L.L.C. bought 174,500 shares of Republic Services stock. The stock was purchased at an average price of $215.80 per share, for a total transaction of $37,657,100.00.
• On Tuesday, August 11th, Cascade Investment, L.L.C. purchased 240,000 shares of Republic Services stock. The stock was purchased at an average cost of $216.32 per share, with a total value of $51,916,800.00.
• On Monday, August 10th, Cascade Investment, L.L.C. purchased 261,664 shares of Republic Services stock. The stock was purchased at an average cost of $214.89 per share, for a total transaction of $56,228,976.96.

Republic Services Price Performance

Shares of RSG stock traded down $1.46 on Thursday, reaching $219.58. The company’s stock had a trading volume of 1,392,602 shares, compared to its average volume of 1,548,682. Republic Services, Inc. has a 12-month low of $196.41 and a 12-month high of $237.06. The stock’s 50 day simple moving average is $214.52 and its 200-day simple moving average is $214.98. 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 company has a market capitalization of $67.24 billion, a P/E ratio of 31.10, a PEG ratio of 3.55 and a beta of 0.40.

Republic Services (NYSE:RSG) last announced its earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.04. The business had revenue of $4.43 billion for 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 company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.77 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. As a group, equities analysts predict that Republic Services, Inc. will post 7.27 earnings per share 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. Shareholders of record on Friday, October 2nd will be paid a $0.67 dividend. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $2.68 dividend on an annualized basis and a yield of 1.2%. This is a boost from Republic Services’s previous quarterly dividend of $0.62. Republic Services’s dividend payout ratio is presently 35.41%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of RSG. BlackRock Inc. bought a new position in Republic Services during the 2nd quarter worth approximately $3,798,092,000. Bank of America Corp DE bought a new stake in Republic Services in the second quarter valued at approximately $682,573,000. Norges Bank purchased a new stake in shares of Republic Services during the fourth quarter valued at approximately $617,165,000. Capital World Investors grew its holdings in shares of Republic Services by 27.7% in the fourth quarter. Capital World Investors now owns 8,765,623 shares of the business services provider’s stock worth $1,857,698,000 after purchasing an additional 1,899,183 shares during the last quarter. Finally, Morgan Stanley grew its holdings in shares of Republic Services by 38.6% in the fourth 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.

Analysts Set New Price Targets

Several analysts have recently weighed in on RSG shares. Argus cut shares of Republic Services from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. Barclays lifted their price target on Republic Services from $233.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $249.00 price objective on shares of Republic Services in a report on Friday, May 8th. UBS Group increased their price objective on Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Finally, Royal Bank Of Canada boosted their target price on Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Eleven investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $245.26.

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.