Republic Services (NYSE:RSG) Major Shareholder Buys 188,460 Shares

Republic Services, Inc. (NYSE:RSGGet Free Report) major shareholder Cascade Investment, L.L.C. purchased 188,460 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was purchased at an average price of $215.81 per share, with a total value of $40,671,552.60. Following the purchase, the insider directly owned 111,668,606 shares of the company’s stock, valued at $24,099,201,860.86. The trade was a 0.17% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more 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, August 12th, Cascade Investment, L.L.C. acquired 174,500 shares of Republic Services stock. The stock was purchased at an average cost of $215.80 per share, for a total transaction of $37,657,100.00.
  • On Tuesday, August 11th, Cascade Investment, L.L.C. acquired 240,000 shares of Republic Services stock. The stock was purchased at an average price of $216.32 per share, for a total transaction of $51,916,800.00.
  • On Monday, August 10th, Cascade Investment, L.L.C. acquired 261,664 shares of Republic Services stock. The shares were purchased at an average cost of $214.89 per share, with a total value of $56,228,976.96.
  • On Monday, May 18th, Cascade Investment, L.L.C. bought 60,700 shares of Republic Services stock. The stock was acquired at an average cost of $213.31 per share, for a total transaction of $12,947,917.00.

Republic Services Stock Down 0.2%

Republic Services stock traded down $0.47 during midday trading on Friday, reaching $214.75. The company’s stock had a trading volume of 1,038,545 shares, compared to its average volume of 1,552,430. Republic Services, Inc. has a fifty-two week low of $196.41 and a fifty-two week high of $238.62. The company has a quick ratio of 0.67, a current ratio of 0.64 and a debt-to-equity ratio of 1.12. The company has a market cap of $65.76 billion, a P/E ratio of 30.42, a P/E/G ratio of 3.51 and a beta of 0.40. The business has a 50-day simple moving average of $213.92 and a 200-day simple moving average of $214.98.

Republic Services (NYSE:RSGGet Free Report) last released its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.04. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The business had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.36 billion. During the same period in the prior year, the firm posted $1.77 EPS. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, research analysts expect 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. This is an increase from Republic Services’s previous quarterly dividend of $0.62. This represents a $2.68 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, October 2nd. Republic Services’s payout ratio is currently 35.41%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on RSG. Barclays upped their target price on shares of Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Citigroup lifted their price target on shares of Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Robert W. Baird decreased their price objective on shares of Republic Services from $242.00 to $240.00 and set a “neutral” rating for the company in a research note on Thursday, April 16th. Morgan Stanley set a $232.00 price objective on Republic Services in a report on Friday, August 7th. Finally, Royal Bank Of Canada boosted their target price on Republic Services from $265.00 to $267.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Eleven research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $245.26.

Check Out Our Latest Stock Analysis on RSG

Institutional Trading of Republic Services

Institutional investors and hedge funds have recently bought and sold shares of the business. CBIZ Investment Advisory Services LLC boosted its stake in Republic Services by 11.3% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 445 shares of the business services provider’s stock worth $94,000 after purchasing an additional 45 shares during the period. Focus Financial Network Inc. raised its holdings in shares of Republic Services by 2.5% in the second quarter. Focus Financial Network Inc. now owns 1,861 shares of the business services provider’s stock valued at $397,000 after buying an additional 46 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in shares of Republic Services by 0.5% during the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 10,454 shares of the business services provider’s stock worth $2,216,000 after buying an additional 48 shares during the period. Williams Jones Wealth Management LLC. grew its holdings in shares of Republic Services by 2.6% during the fourth quarter. Williams Jones Wealth Management LLC. now owns 1,925 shares of the business services provider’s stock worth $408,000 after buying an additional 49 shares during the last quarter. Finally, AlphaCentric Advisors LLC grew its holdings in shares of Republic Services by 5.9% during the first quarter. AlphaCentric Advisors LLC now owns 903 shares of the business services provider’s stock worth $198,000 after buying an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

About Republic Services

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Republic Services (NYSE:RSG)

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