Cascade Investment, L.L.C. Purchases 256,000 Shares of Republic Services (NYSE:RSG) Stock

Republic Services, Inc. (NYSE:RSG) major shareholder Cascade Investment, L.L.C. purchased 256,000 shares of the firm’s stock in a transaction on Thursday, September 10th. The shares were purchased at an average price of $222.30 per share, with a total value of $56,908,800.00. Following the completion of the acquisition, the insider directly owned 116,733,634 shares of the company’s stock, valued at approximately $25,949,886,838.20. This trade represents a 0.22% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own at least 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 Friday, September 11th, Cascade Investment, L.L.C. purchased 324,810 shares of Republic Services stock. The shares were purchased at an average cost of $222.89 per share, for a total transaction of $72,396,900.90.
• On Wednesday, September 9th, Cascade Investment, L.L.C. acquired 311,304 shares of Republic Services stock. The stock was bought 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. purchased 409,500 shares of Republic Services stock. The shares were bought at an average price of $221.49 per share, with a total value of $90,700,155.00.
• On Friday, September 4th, Cascade Investment, L.L.C. purchased 365,039 shares of Republic Services stock. The shares were acquired at an average cost of $223.16 per share, for a total transaction of $81,462,103.24.
• On Thursday, September 3rd, Cascade Investment, L.L.C. bought 370,264 shares of Republic Services stock. The shares were acquired 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. acquired 329,200 shares of Republic Services stock. The stock was acquired at an average price of $223.27 per share, for a total transaction 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 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. bought 301,000 shares of Republic Services stock. The shares were purchased at an average cost of $221.94 per share, with a total value 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 purchased 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. bought 284,600 shares of Republic Services stock. The stock was bought at an average price of $219.52 per share, for a total transaction of $62,475,392.00.

Republic Services Trading Up 1.4%

NYSE RSG traded up $3.07 during trading on Monday, hitting $225.81. The company had a trading volume of 1,393,169 shares, compared to its average volume of 1,441,869. Republic Services, Inc. has a one year low of $196.41 and a one year high of $233.42. The company’s fifty day moving average is $218.48 and its 200-day moving average is $215.24. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.12. The company has a market cap of $69.15 billion, a price-to-earnings ratio of 31.98, a price-to-earnings-growth ratio of 3.69 and a beta of 0.40.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, beating the consensus estimate of $1.81 by $0.04. The firm had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.36 billion. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. Republic Services’s revenue was up 4.6% on a year-over-year basis. During the same period last year, the firm posted $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 7.27 earnings per share for the current year.

Republic Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be issued a $0.67 dividend. The ex-dividend date is Friday, October 2nd. This is a positive change from Republic Services’s previous quarterly dividend of $0.62. This represents a $2.68 annualized dividend and a yield of 1.2%. Republic Services’s dividend payout ratio (DPR) is presently 35.41%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RSG. Weiss Ratings raised shares of Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. UBS Group increased their target price on shares of Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Barclays lifted their target price on shares of Republic Services from $233.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Citigroup boosted their price objective on Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Finally, Morgan Stanley set a $232.00 price target on shares of Republic Services in a research note on Friday, August 7th. Twelve equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $245.26.

Hedge Funds Weigh In On Republic Services

Large investors have recently made changes to their positions in the company. Korea Investment CORP acquired a new stake in shares of Republic Services in the second quarter valued at about $20,602,000. Bridgewater Advisors Inc. acquired a new stake in shares of Republic Services during the 2nd quarter valued at approximately $535,000. Equitable Holdings Inc. purchased a new stake in shares of Republic Services during the 2nd quarter worth approximately $1,381,000. Public Employees Retirement System of Ohio purchased a new position in Republic Services in the 2nd quarter valued at approximately $16,335,000. Finally, iA Global Asset Management Inc. raised its holdings in Republic Services by 18.5% during the fourth quarter. iA Global Asset Management Inc. now owns 64,200 shares of the business services provider’s stock worth $13,606,000 after purchasing an additional 10,000 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

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.