Cascade Investment, L.L.C. Acquires 301,639 Shares of Republic Services (NYSE:RSG) Stock

Republic Services, Inc. (NYSE:RSGGet Free Report) major shareholder Cascade Investment, L.L.C. purchased 301,639 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were bought at an average price of $222.91 per share, for a total transaction of $67,238,349.49. Following the completion of the transaction, the insider owned 113,105,550 shares of the company’s stock, valued at approximately $25,212,358,150.50. This trade represents a 0.27% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Large 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 Tuesday, August 25th, Cascade Investment, L.L.C. acquired 269,477 shares of Republic Services stock. The stock was purchased at an average price of $221.88 per share, with a total value of $59,791,556.76.
  • On Friday, August 21st, Cascade Investment, L.L.C. bought 191,361 shares of Republic Services stock. The shares were purchased at an average cost of $220.34 per share, for a total transaction of $42,164,482.74.
  • On Thursday, August 20th, Cascade Investment, L.L.C. bought 208,925 shares of Republic Services stock. The stock was purchased at an average price of $220.26 per share, for a total transaction of $46,017,820.50.
  • On Wednesday, August 19th, Cascade Investment, L.L.C. purchased 178,844 shares of Republic Services stock. The stock was purchased at an average cost of $222.51 per share, with a total value of $39,794,578.44.
  • On Tuesday, August 18th, Cascade Investment, L.L.C. purchased 200,125 shares of Republic Services stock. The shares were purchased at an average price of $217.90 per share, with a total value of $43,607,237.50.
  • 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 shares were acquired at an average cost 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 stock was acquired at an average price of $215.81 per share, for a total transaction of $40,671,552.60.
  • On Wednesday, August 12th, Cascade Investment, L.L.C. purchased 174,500 shares of Republic Services stock. The shares were acquired at an average price of $215.80 per share, with a total value 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 bought at an average price of $216.32 per share, for a total transaction of $51,916,800.00.

Republic Services Price Performance

Shares of NYSE:RSG traded up $1.00 during trading on Wednesday, reaching $221.96. The company had a trading volume of 1,427,624 shares, compared to its average volume of 1,542,637. The company has a fifty day moving average of $215.50 and a two-hundred day moving average of $215.13. 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 stock has a market capitalization of $67.97 billion, a P/E ratio of 31.44, a price-to-earnings-growth ratio of 3.70 and a beta of 0.40. Republic Services, Inc. has a 12 month low of $196.41 and a 12 month high of $235.18.

Republic Services (NYSE:RSGGet Free Report) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.04. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The company had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same period in the previous year, the firm posted $1.77 EPS. The firm’s 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. Equities research analysts forecast that Republic Services, Inc. will post 7.27 earnings per share for the current year.

Republic Services Increases Dividend

The company 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 dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.2%. This is an increase from Republic Services’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Friday, October 2nd. Republic Services’s dividend payout ratio is presently 35.41%.

Institutional Investors Weigh In On Republic Services

A number of hedge funds and other institutional investors have recently modified their holdings of RSG. Wealth Watch Advisors INC purchased a new position in shares of Republic Services during the third quarter valued at approximately $26,000. Bell Investment Advisors Inc bought a new stake in Republic Services in the second quarter valued at $25,000. Laurel Wealth Advisors LLC purchased a new position in Republic Services during the 4th quarter valued at $25,000. Edmond DE Rothschild Holding S.A. bought a new position in Republic Services in the 2nd quarter worth $27,000. Finally, Compass Financial Management LLC bought a new position in Republic Services in the 2nd quarter worth $27,000. Institutional investors own 57.73% of the company’s stock.

Analyst Upgrades and Downgrades

RSG has been the topic of a number of research reports. UBS Group raised their price objective on Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Barclays upped their target price 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 set a $249.00 price target on shares of Republic Services in a research report on Friday, May 8th. Argus lowered shares of Republic Services from a “buy” rating to a “hold” rating in a report on Monday, May 11th. Finally, Citigroup upped their price objective on shares of Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Twelve research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, Republic Services has an average rating of “Moderate Buy” and an average target price of $245.26.

Get Our Latest Analysis on RSG

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.

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