Republic Services (NYSE:RSG) Major Shareholder Acquires $90,700,155.00 in Stock

Key Points

• Cascade Investment purchased 409,500 Republic Services shares for approximately $90.7 million at an average price of $221.49, increasing its direct ownership to 116.2 million shares valued at roughly $25.7 billion.
• 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, implying an annualized dividend of $2.68 and a 1.2% yield; analysts give the stock a “Moderate Buy” consensus rating with a $245.26 target price.

Republic Services, Inc. (NYSE:RSG - Get Free Report) major shareholder Cascade Investment, L.L.C. bought 409,500 shares of the firm's stock in a transaction on Tuesday, September 8th. The stock was acquired at an average price of $221.49 per share, for a total transaction of $90,700,155.00. Following the completion of the purchase, the insider directly owned 116,166,330 shares in the company, valued at approximately $25,729,680,431.70. The trade was a 0.35% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major 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 Wednesday, September 9th, Cascade Investment, L.L.C. bought 311,304 shares of Republic Services stock. The stock was bought at an average price of $221.31 per share, with a total value of $68,894,688.24.
• On Friday, September 4th, Cascade Investment, L.L.C. purchased 365,039 shares of Republic Services stock. The shares were purchased at an average price of $223.16 per share, for a total transaction of $81,462,103.24.
• On Thursday, September 3rd, Cascade Investment, L.L.C. acquired 370,264 shares of Republic Services stock. The stock was purchased at an average price of $224.81 per share, with a total value of $83,239,049.84.
• On Wednesday, September 2nd, Cascade Investment, L.L.C. acquired 329,200 shares of Republic Services stock. The shares were purchased at an average cost of $223.27 per share, for a total transaction of $73,500,484.00.
• On Tuesday, September 1st, Cascade Investment, L.L.C. bought 204,800 shares of Republic Services stock. The stock was purchased at an average price of $222.68 per share, with a total value of $45,604,864.00.
• On Monday, August 31st, Cascade Investment, L.L.C. purchased 301,000 shares of Republic Services stock. The shares were acquired at an average cost of $221.94 per share, for a total transaction of $66,803,940.00.
• On Friday, August 28th, Cascade Investment, L.L.C. acquired 251,400 shares of Republic Services stock. The stock was 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. bought 284,600 shares of Republic Services stock. The stock was acquired 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. purchased 275,500 shares of Republic Services stock. The stock was acquired at an average cost of $221.55 per share, with a total value of $61,037,025.00.
• On Tuesday, August 25th, Cascade Investment, L.L.C. bought 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.

Republic Services Trading Down 0.6%

RSG traded down $1.23 on Thursday, hitting $221.24. 1,648,597 shares of the company were exchanged, compared to its average volume of 1,549,700. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a fifty day simple moving average of $218.07 and a two-hundred day simple moving average of $215.18. The stock has a market capitalization of $67.74 billion, a PE ratio of 31.34, a price-to-earnings-growth ratio of 3.67 and a beta of 0.40. Republic Services, Inc. has a 12 month low of $196.41 and a 12 month high of $233.42.

Republic Services (NYSE:RSG - Get Free Report) last issued its earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) 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 analysts' expectations of $4.36 billion. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The business's revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the business earned $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Sell-side analysts expect that Republic Services, Inc. will post 7.27 earnings per share for the current year.

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 issued a dividend of $0.67 per share. This is a boost from Republic Services's previous quarterly dividend of $0.62. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, October 2nd. Republic Services's dividend payout ratio is currently 35.41%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of RSG. Korea Investment CORP purchased a new position in shares of Republic Services in the 2nd quarter worth approximately $20,602,000. Bridgewater Advisors Inc. purchased a new stake in Republic Services during the 2nd quarter valued at $535,000. Equitable Holdings Inc. bought a new stake in Republic Services in the second quarter worth $1,381,000. iA Global Asset Management Inc. boosted its stake in Republic Services by 18.5% during the fourth quarter. iA Global Asset Management Inc. now owns 64,200 shares of the business services provider's stock worth $13,606,000 after buying an additional 10,000 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in Republic Services during the second quarter valued at $16,335,000. Institutional investors own 57.73% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on RSG. UBS Group raised their target price on Republic Services from $233.00 to $235.00 and gave the company a "neutral" rating in a research note on Tuesday, August 11th. Weiss Ratings raised shares of Republic Services from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, August 21st. Citigroup raised their price objective on Republic Services from $247.00 to $259.00 and gave the company a "buy" rating in a research report on Friday, July 10th. Morgan Stanley set a $232.00 target price on shares of Republic Services in a report on Friday, August 7th. Finally, Barclays upped their price objective on Republic Services from $233.00 to $240.00 and gave the company an "equal weight" rating in a research report on Friday, August 7th. Twelve analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat, Republic Services presently has a consensus rating of "Moderate Buy" and a consensus target price of $245.26.

Republic Services Company Profile

Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal and recycling services. The company serves residential, commercial, industrial and municipal customers, offering scheduled and on-demand waste pickup, roll-off containers, transfer-station services and landfill disposal.

Its recycling and environmental services include the collection and processing of recyclable materials, organics management, waste reduction programs and related sustainability solutions.

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