Insider Buying: Republic Services (NYSE:RSG) Major Shareholder Acquires $83,239,049.84 in Stock

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. bought 370,264 shares of the stock in a transaction that occurred on Thursday, September 3rd. The shares were purchased at an average cost of $224.81 per share, with a total value of $83,239,049.84. Following the purchase, the insider directly owned 115,391,791 shares of the company’s stock, valued at $25,941,228,534.71. The trade was a 0.32% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases 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 acquired 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 acquired at an average cost of $221.49 per share, with a total value of $90,700,155.00.
• On Friday, September 4th, Cascade Investment, L.L.C. acquired 365,039 shares of Republic Services stock. The stock was acquired at an average cost of $223.16 per share, for a total transaction of $81,462,103.24.
• On Wednesday, September 2nd, Cascade Investment, L.L.C. bought 329,200 shares of Republic Services stock. The shares were acquired 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. bought 204,800 shares of Republic Services stock. The stock was acquired 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. purchased 301,000 shares of Republic Services stock. The stock was acquired at an average cost of $221.94 per share, for a total transaction of $66,803,940.00.
• On Friday, August 28th, Cascade Investment, L.L.C. acquired 251,400 shares of Republic Services stock. The shares were bought 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 stock was bought at an average price of $219.52 per share, with a total value of $62,475,392.00.
• On Wednesday, August 26th, Cascade Investment, L.L.C. bought 275,500 shares of Republic Services stock. The shares were bought at an average price of $221.55 per share, for a total transaction of $61,037,025.00.
• On Tuesday, August 25th, Cascade Investment, L.L.C. purchased 269,477 shares of Republic Services stock. The stock was bought at an average price of $221.88 per share, with a total value of $59,791,556.76.

Republic Services Trading Down 0.6%

RSG opened at $221.24 on Friday. The company has a market cap of $67.74 billion, a P/E ratio of 31.34, a price-to-earnings-growth ratio of 3.68 and a beta of 0.40. The company has a fifty day moving average price of $218.15 and a two-hundred day moving average price of $215.19. 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 1-year low of $196.41 and a 1-year high of $233.42.

Republic Services (NYSE:RSG) last issued its earnings results on Thursday, August 6th. The business services provider reported $1.85 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 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% compared to the same quarter last year. During the same period in the previous year, the company posted $1.77 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Analysts predict that Republic Services, Inc. will post 7.27 EPS 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. Stockholders of record on Friday, October 2nd will be given a dividend of $0.67 per share. The ex-dividend date of this dividend 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 dividend yield of 1.2%. Republic Services’s payout ratio is currently 35.41%.

Hedge Funds Weigh In On Republic Services

Hedge funds have recently bought and sold shares of the company. Integrated Wealth Concepts LLC raised its holdings in shares of Republic Services by 32.2% in the second 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 during the last quarter. Nykredit A S purchased a new position in Republic Services during the second quarter worth about $24,534,000. Corient Private Wealth LP grew its position in Republic Services by 39.0% in the 2nd quarter. Corient Private Wealth LP now owns 153,096 shares of the business services provider’s stock worth $32,622,000 after purchasing an additional 42,943 shares in the last quarter. Schulz Wealth LTD. purchased a new stake in Republic Services in the 2nd quarter valued at about $279,000. Finally, Groupe la Francaise lifted its position in shares of 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 buying an additional 10,853 shares in the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.