Republic Services, Inc. (NYSE:RSG – Get Free Report) major shareholder Cascade Investment, L.L.C. acquired 191,361 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was purchased at an average price of $220.34 per share, for a total transaction of $42,164,482.74. Following the acquisition, the insider directly owned 112,803,911 shares in the company, valued at approximately $24,855,213,749.74. This trade represents a 0.17% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Cascade Investment, L.L.C. also recently made the following trade(s):
- On Thursday, August 20th, Cascade Investment, L.L.C. bought 208,925 shares of Republic Services stock. The stock was purchased at an average cost of $220.26 per share, with a total value of $46,017,820.50.
- On Wednesday, August 19th, Cascade Investment, L.L.C. purchased 178,844 shares of Republic Services stock. The shares were acquired at an average cost of $222.51 per share, for a total transaction of $39,794,578.44.
- On Tuesday, August 18th, Cascade Investment, L.L.C. bought 200,125 shares of Republic Services stock. The shares were acquired at an average cost of $217.90 per share, for a total transaction 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 acquired at an average price of $214.92 per share, with a total value of $44,445,456.00.
- On Friday, August 14th, Cascade Investment, L.L.C. bought 149,250 shares of Republic Services stock. The stock was bought at an average price of $215.73 per share, with a total value of $32,197,702.50.
- On Thursday, August 13th, Cascade Investment, L.L.C. purchased 188,460 shares of Republic Services stock. The shares were bought 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 stock was 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. acquired 240,000 shares of Republic Services stock. The stock was bought at an average price of $216.32 per share, with a total value of $51,916,800.00.
- On Monday, August 10th, Cascade Investment, L.L.C. bought 261,664 shares of Republic Services stock. The stock was purchased at an average cost of $214.89 per share, for a total transaction of $56,228,976.96.
Republic Services Stock Up 1.1%
Republic Services stock traded up $2.37 during trading on Monday, reaching $223.04. The stock had a trading volume of 1,362,297 shares, compared to its average volume of 1,544,581. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.12. Republic Services, Inc. has a 52-week low of $196.41 and a 52-week high of $235.98. The stock has a market cap of $68.30 billion, a PE ratio of 31.59, a P/E/G ratio of 3.66 and a beta of 0.40. The business has a 50 day moving average price of $214.96 and a 200 day moving average price of $215.04.
Republic Services Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be issued a dividend of $0.67 per share. This is a positive change from Republic Services’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $2.68 dividend on an annualized basis and a yield of 1.2%. Republic Services’s dividend payout ratio (DPR) is presently 35.41%.
Institutional Trading of Republic Services
Several institutional investors and hedge funds have recently bought and sold shares of RSG. Wealth Watch Advisors INC purchased a new position in Republic Services during the 3rd quarter worth $26,000. Bell Investment Advisors Inc acquired a new stake in shares of Republic Services during the second quarter worth about $25,000. Laurel Wealth Advisors LLC purchased a new position in shares of Republic Services during the fourth quarter worth about $25,000. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Republic Services in the 2nd quarter valued at approximately $27,000. Finally, Compass Financial Management LLC acquired a new position in shares of Republic Services in the second quarter valued at approximately $27,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the company. Morgan Stanley set a $232.00 target price on Republic Services in a research note on Friday, August 7th. Royal Bank Of Canada boosted their price objective on shares of Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. 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. Finally, Weiss Ratings upgraded shares of Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Twelve analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $245.26.
Check Out Our Latest Stock Report on RSG
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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