Republic Services, Inc. (NYSE:RSG – Get Free Report) major shareholder Cascade Investment, L.L.C. bought 251,400 shares of the business’s stock in a transaction on Friday, August 28th. The shares were acquired at an average price of $221.03 per share, with a total value of $55,566,942.00. Following the completion of the purchase, the insider directly owned 114,186,527 shares of the company’s stock, valued at approximately $25,238,648,062.81. The trade was a 0.22% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Cascade Investment, L.L.C. also recently made the following trade(s):
- On Monday, August 31st, Cascade Investment, L.L.C. purchased 301,000 shares of Republic Services stock. The stock was acquired at an average price of $221.94 per share, for a total transaction of $66,803,940.00.
- On Thursday, August 27th, Cascade Investment, L.L.C. purchased 284,600 shares of Republic Services stock. The shares were acquired at an average cost of $219.52 per share, with a total value of $62,475,392.00.
- On Wednesday, August 26th, Cascade Investment, L.L.C. acquired 275,500 shares of Republic Services stock. The stock was acquired at an average cost of $221.55 per share, for a total transaction of $61,037,025.00.
- On Tuesday, August 25th, Cascade Investment, L.L.C. bought 269,477 shares of Republic Services stock. The shares were acquired at an average cost of $221.88 per share, with a total value of $59,791,556.76.
- On Monday, August 24th, Cascade Investment, L.L.C. bought 301,639 shares of Republic Services stock. The stock was bought at an average cost of $222.91 per share, with a total value of $67,238,349.49.
- On Friday, August 21st, Cascade Investment, L.L.C. purchased 191,361 shares of Republic Services stock. The shares were bought 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. acquired 208,925 shares of Republic Services stock. The stock was bought 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. bought 178,844 shares of Republic Services stock. The stock was bought at an average price 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 bought 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 purchased at an average price of $214.92 per share, with a total value of $44,445,456.00.
Republic Services Trading Up 1.1%
NYSE RSG opened at $223.27 on Wednesday. The company has a market cap of $68.37 billion, a price-to-earnings ratio of 31.62, a price-to-earnings-growth ratio of 3.66 and a beta of 0.40. Republic Services, Inc. has a twelve month low of $196.41 and a twelve month high of $235.18. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.12. The business’s fifty day moving average is $217.04 and its 200 day moving average is $215.10.
Republic Services Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be given a dividend of $0.67 per share. The ex-dividend date is Friday, October 2nd. This represents a $2.68 annualized dividend and a yield of 1.2%. This is a boost from Republic Services’s previous quarterly dividend of $0.62. Republic Services’s dividend payout ratio is 35.41%.
Institutional Investors Weigh In On Republic Services
Large investors have recently modified their holdings of the company. Wealth Watch Advisors INC bought a new position in Republic Services during the third quarter worth $26,000. Bell Investment Advisors Inc acquired a new stake in Republic Services during the 2nd quarter worth about $25,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Republic Services in the 2nd quarter worth about $27,000. Compass Financial Management LLC acquired a new position in shares of Republic Services in the 2nd quarter valued at about $27,000. Finally, Prosperity Bancshares Inc bought a new stake in shares of Republic Services during the 4th quarter valued at about $30,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts have issued reports on RSG shares. UBS Group upped their price target on shares of Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Citigroup boosted their price objective 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. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and set a $249.00 target price on shares of Republic Services in a research report on Friday, May 8th. Argus downgraded Republic Services from a “buy” rating to a “hold” rating in a report on Monday, May 11th. Finally, Barclays increased their price target on Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Twelve investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $245.26.
View Our Latest Stock Report on RSG
About Republic Services
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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