Republic Services, Inc. (NYSE:RSG – Get Free Report) major shareholder Cascade Investment, L.L.C. purchased 261,664 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was bought at an average price of $214.89 per share, with a total value of $56,228,976.96. Following the completion of the purchase, the insider owned 111,065,646 shares of the company’s stock, valued at $23,866,896,668.94. This trade represents a 0.24% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Cascade Investment, L.L.C. also recently made the following trade(s):
- On Thursday, August 13th, Cascade Investment, L.L.C. acquired 188,460 shares of Republic Services stock. The stock was bought at an average cost of $215.81 per share, with a total value of $40,671,552.60.
- On Wednesday, August 12th, Cascade Investment, L.L.C. bought 174,500 shares of Republic Services stock. The shares were bought 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. purchased 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.
- On Monday, May 18th, Cascade Investment, L.L.C. acquired 60,700 shares of Republic Services stock. The shares were purchased at an average cost of $213.31 per share, with a total value of $12,947,917.00.
- On Friday, May 15th, Cascade Investment, L.L.C. acquired 119,795 shares of Republic Services stock. The shares were purchased at an average price of $208.93 per share, for a total transaction of $25,028,769.35.
- On Thursday, May 14th, Cascade Investment, L.L.C. bought 307,505 shares of Republic Services stock. The stock was purchased at an average cost of $207.68 per share, for a total transaction of $63,862,638.40.
Republic Services Price Performance
Shares of NYSE:RSG opened at $214.75 on Friday. The firm has a 50 day moving average of $214.01 and a 200-day moving average of $214.98. Republic Services, Inc. has a 12 month low of $196.41 and a 12 month high of $238.62. The company has a current ratio of 0.64, a quick ratio of 0.67 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $65.76 billion, a PE ratio of 30.42, a PEG ratio of 3.52 and a beta of 0.40.
Republic Services Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, October 2nd. This is a positive change from Republic Services’s previous quarterly dividend of $0.62. Republic Services’s dividend payout ratio is 35.41%.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the company. Argus lowered Republic Services from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Royal Bank Of Canada increased their target price on shares of Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Barclays raised 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 note on Friday, August 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Republic Services in a report on Friday, July 24th. Finally, UBS Group increased their price objective on shares of Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a research note on Tuesday. Eleven analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $245.26.
Check Out Our Latest Report on Republic Services
Hedge Funds Weigh In On Republic Services
Large investors have recently bought and sold shares of the company. Brighton Jones LLC raised its holdings in Republic Services by 75.8% in the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock valued at $3,988,000 after buying an additional 8,547 shares during the last quarter. Federated Hermes Inc. grew its holdings in Republic Services by 23.2% during the 2nd quarter. Federated Hermes Inc. now owns 17,553 shares of the business services provider’s stock worth $4,329,000 after acquiring an additional 3,303 shares during the last quarter. NewEdge Advisors LLC increased its position in Republic Services by 3.6% in the 2nd quarter. NewEdge Advisors LLC now owns 29,690 shares of the business services provider’s stock valued at $7,322,000 after acquiring an additional 1,044 shares during the period. Treasurer of the State of North Carolina increased its position in Republic Services by 0.7% in the 2nd quarter. Treasurer of the State of North Carolina now owns 94,626 shares of the business services provider’s stock valued at $23,336,000 after acquiring an additional 688 shares during the period. Finally, Ieq Capital LLC raised its stake in shares of Republic Services by 68.4% during the second quarter. Ieq Capital LLC now owns 11,643 shares of the business services provider’s stock valued at $2,871,000 after acquiring an additional 4,729 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors.
Republic Services Company Profile
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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