Cascade Investment, L.L.C. Acquires 261,664 Shares of Republic Services (NYSE:RSG) Stock

Key Points

• Cascade Investment increased its Republic Services stake by acquiring 261,664 shares at an average of $214.89 each, spending approximately $56.2 million. The investor now owns more than 111 million shares, valued at roughly $23.9 billion, and has made several additional purchases in recent months.
• Republic Services reported a quarterly earnings beat, with EPS of $1.85 versus the $1.81 consensus estimate and revenue of $4.43 billion. Revenue rose 4.6% year over year, and the company issued fiscal 2026 EPS guidance of $7.23–$7.28.
• The company raised its quarterly dividend from $0.62 to $0.67 per share, equivalent to an annualized $2.68 payout and a 1.3% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $245.26.

Republic Services, Inc. (NYSE:RSG - Get Free Report) major shareholder Cascade Investment, L.L.C. acquired 261,664 shares of the firm's stock in a transaction on Monday, August 10th. The shares were bought at an average cost of $214.89 per share, for a total transaction of $56,228,976.96. Following the completion of the acquisition, the insider owned 111,065,646 shares of the company's stock, valued at approximately $23,866,896,668.94. This represents a 0.24% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own at least 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 Tuesday, August 11th, Cascade Investment, L.L.C. purchased 240,000 shares of Republic Services stock. The stock was bought at an average cost 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 price of $213.31 per share, with a total value of $12,947,917.00.
• On Friday, May 15th, Cascade Investment, L.L.C. bought 119,795 shares of Republic Services stock. The stock was 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. purchased 307,505 shares of Republic Services stock. The shares were purchased at an average price of $207.68 per share, with a total value of $63,862,638.40.

Republic Services Price Performance

RSG stock traded down $0.95 during midday trading on Wednesday, reaching $214.13. The stock had a trading volume of 1,311,967 shares, compared to its average volume of 1,557,017. Republic Services, Inc. has a 52-week low of $196.41 and a 52-week high of $238.62. The company has a market cap of $65.57 billion, a price-to-earnings ratio of 30.33, a price-to-earnings-growth ratio of 3.51 and a beta of 0.40. The company's fifty day simple moving average is $213.58 and its 200 day simple moving average is $215.01. The company has a current ratio of 0.64, a quick ratio of 0.67 and a debt-to-equity ratio of 1.12.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.04. The firm had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.36 billion. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The company's revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the firm posted $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. As a group, sell-side analysts predict that Republic Services, Inc. will post 7.28 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The business also recently disclosed 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 is a positive change from Republic Services's previous quarterly dividend of $0.62. This represents a $2.68 dividend on an annualized basis and a yield of 1.3%. Republic Services's dividend payout ratio (DPR) is 37.96%.

Institutional Trading of Republic Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RSG. Laurel Wealth Advisors LLC purchased a new stake in shares of Republic Services in the 4th quarter valued at $25,000. Bell Investment Advisors Inc acquired a new position in Republic Services in the 2nd quarter valued at about $25,000. Wealth Watch Advisors INC purchased a new stake in Republic Services during the third quarter worth about $26,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Republic Services during the second quarter worth about $27,000. Finally, Prosperity Bancshares Inc acquired a new stake in shares of Republic Services during the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 57.73% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on RSG. Canadian Imperial Bank of Commerce reissued an "outperform" rating and set a $249.00 price target on shares of Republic Services in a research report on Friday, May 8th. Barclays increased 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. Citigroup upped their price objective on Republic Services from $247.00 to $259.00 and gave the company a "buy" rating in a report on Friday, July 10th. UBS Group raised their target price on Republic Services from $233.00 to $235.00 and gave the stock a "neutral" rating in a research note on Tuesday. Finally, Morgan Stanley set a $232.00 price target on Republic Services in a report on Friday, August 7th. Eleven research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $245.26.

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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