Insider Buying: Republic Services (NYSE:RSG) Major Shareholder Buys 329,200 Shares of Stock

Key Points

• Cascade Investment purchased 329,200 Republic Services shares at an average price of $223.27, increasing its stake by 0.29% to more than 115 million shares. The purchase continues a series of sizable acquisitions by the major shareholder.
• Republic Services reported quarterly EPS of $1.85, exceeding estimates by $0.04, while revenue rose 4.6% year over year to $4.43 billion. The company maintained 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 a $2.68 annualized payout and a 1.2% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $245.26.

Republic Services, Inc. (NYSE:RSG - Get Free Report) major shareholder Cascade Investment, L.L.C. bought 329,200 shares of the firm's stock in a transaction on Wednesday, September 2nd. The stock was bought at an average price of $223.27 per share, with a total value of $73,500,484.00. Following the completion of the purchase, the insider owned 115,021,527 shares of the company's stock, valued at $25,680,856,333.29. This trade represents a 0.29% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large 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 Tuesday, September 1st, Cascade Investment, L.L.C. purchased 204,800 shares of Republic Services stock. The stock was purchased at an average price of $222.68 per share, for a total transaction of $45,604,864.00.
• On Monday, August 31st, Cascade Investment, L.L.C. acquired 301,000 shares of Republic Services stock. The stock was acquired at an average cost of $221.94 per share, with a total value of $66,803,940.00.
• On Friday, August 28th, Cascade Investment, L.L.C. purchased 251,400 shares of Republic Services stock. The shares were acquired at an average price of $221.03 per share, with a total value of $55,566,942.00.
• On Thursday, August 27th, Cascade Investment, L.L.C. acquired 284,600 shares of Republic Services stock. The shares were bought at an average price of $219.52 per share, for a total transaction of $62,475,392.00.
• On Wednesday, August 26th, Cascade Investment, L.L.C. bought 275,500 shares of Republic Services stock. The shares were bought 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. purchased 269,477 shares of Republic Services stock. The stock was bought 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. acquired 301,639 shares of Republic Services stock. The shares were bought at an average price of $222.91 per share, for a total transaction of $67,238,349.49.
• On Friday, August 21st, Cascade Investment, L.L.C. bought 191,361 shares of Republic Services stock. The stock was purchased at an average price of $220.34 per share, with a total value of $42,164,482.74.
• On Thursday, August 20th, Cascade Investment, L.L.C. purchased 208,925 shares of Republic Services stock. The shares were 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. acquired 178,844 shares of Republic Services stock. The stock was purchased at an average cost of $222.51 per share, for a total transaction of $39,794,578.44.

Republic Services Price Performance

Shares of Republic Services stock traded up $2.81 during trading on Thursday, hitting $225.33. The stock had a trading volume of 1,392,161 shares, compared to its average volume of 1,547,848. The business has a fifty day moving average of $217.22 and a two-hundred day moving average of $215.12. Republic Services, Inc. has a fifty-two week low of $196.41 and a fifty-two week high of $235.18. The firm has a market cap of $69.00 billion, a P/E ratio of 31.92, a PEG ratio of 3.70 and a beta of 0.40. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.64 and a quick ratio of 0.64.

Republic Services (NYSE:RSG - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, topping the consensus estimate of $1.81 by $0.04. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The firm had revenue of $4.43 billion for the quarter, compared to analysts' expectations of $4.36 billion. During the same period in the previous year, the business earned $1.77 earnings per share. Republic Services's revenue for the quarter 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. On average, sell-side analysts expect that Republic Services, Inc. will post 7.27 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. Shareholders of record on Friday, October 2nd will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, October 2nd. This is a boost from Republic Services's previous quarterly dividend of $0.62. Republic Services's dividend payout ratio is presently 37.96%.

Analyst Ratings Changes

Several research analysts have recently weighed in on RSG shares. Citigroup lifted their target price on shares of Republic Services from $247.00 to $259.00 and gave the stock a "buy" rating in a research report on Friday, July 10th. Argus lowered shares of Republic Services from a "buy" rating to a "hold" rating in a research note on Monday, May 11th. Morgan Stanley set a $232.00 price objective on shares of Republic Services in a research report on Friday, August 7th. Royal Bank Of Canada increased their target price on Republic Services from $265.00 to $267.00 and gave the company an "outperform" rating in a report on Friday, May 8th. Finally, Canadian Imperial Bank of Commerce reiterated an "outperform" rating and set a $249.00 price target on shares of Republic Services in a report on Friday, May 8th. Twelve equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, Republic Services currently has a consensus rating of "Moderate Buy" and a consensus price target of $245.26.

Institutional Investors Weigh In On Republic Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bell Investment Advisors Inc acquired a new stake in Republic Services during the second quarter valued at $25,000. Wealth Watch Advisors INC purchased a new stake in shares of Republic Services during the 3rd quarter worth about $26,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Republic Services during the 2nd quarter valued at about $27,000. Compass Financial Management LLC acquired a new position in Republic Services in the second quarter worth approximately $27,000. Finally, Prosperity Bancshares Inc bought a new position in Republic Services during the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 57.73% of the company's stock.

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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