Republic Services (NYSE:RSG) Major Shareholder Cascade Investment, L.L.C. Buys 149,250 Shares

Key Points

• Cascade Investment bought 149,250 Republic Services shares for approximately $32.2 million, increasing its holding to 111.8 million shares. The purchase followed several additional acquisitions totaling more than $230 million over the preceding week.
• Republic Services reported quarterly EPS of $1.85, exceeding estimates of $1.81, while revenue rose 4.6% year over year to $4.43 billion. Shares recently traded near $217, and analysts hold a consensus “Moderate Buy” rating with a $245.26 price target.
• The company raised its quarterly dividend to $0.67 per share, equivalent to an annualized $2.68 payout and a 1.2% yield.

Republic Services, Inc. (NYSE:RSG - Get Free Report) major shareholder Cascade Investment, L.L.C. purchased 149,250 shares of Republic Services stock in a transaction dated Friday, August 14th. The shares were purchased at an average price of $215.73 per share, for a total transaction of $32,197,702.50. Following the completion of the acquisition, the insider owned 111,817,856 shares of the company's stock, valued at approximately $24,122,466,074.88. The trade was a 0.13% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% 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 Monday, August 17th, Cascade Investment, L.L.C. acquired 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 Thursday, August 13th, Cascade Investment, L.L.C. bought 188,460 shares of Republic Services stock. The shares were acquired 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 acquired at an average price of $215.80 per share, with a total value of $37,657,100.00.
• On Tuesday, August 11th, Cascade Investment, L.L.C. purchased 240,000 shares of Republic Services stock. The shares were acquired at an average cost of $216.32 per share, with a total value of $51,916,800.00.
• On Monday, August 10th, Cascade Investment, L.L.C. acquired 261,664 shares of Republic Services stock. The stock was acquired at an average cost of $214.89 per share, for a total transaction of $56,228,976.96.

Republic Services Trading Up 0.9%

NYSE RSG traded up $1.91 on Tuesday, reaching $217.17. The company had a trading volume of 1,704,850 shares, compared to its average volume of 1,550,501. The firm has a market cap of $66.50 billion, a price-to-earnings ratio of 30.76, a P/E/G ratio of 3.51 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, Inc. has a fifty-two week low of $196.41 and a fifty-two week high of $238.62. The business has a 50 day moving average of $214.22 and a two-hundred day moving average of $214.94.

Republic Services (NYSE:RSG - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, beating analysts' consensus estimates of $1.81 by $0.04. The firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.36 billion. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The business's revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.77 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Analysts forecast that Republic Services, Inc. will post 7.27 EPS for the current year.

Republic Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be given a dividend of $0.67 per share. 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%. This is a boost from Republic Services's previous quarterly dividend of $0.62. Republic Services's payout ratio is currently 35.41%.

Institutional Investors Weigh In On Republic Services

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Laurel Wealth Advisors LLC acquired a new position in shares of Republic Services during the fourth quarter valued at about $25,000. Bell Investment Advisors Inc bought a new stake in Republic Services in the 2nd quarter valued at about $25,000. Wealth Watch Advisors INC bought a new stake in Republic Services in the 3rd quarter valued at about $26,000. Edmond DE Rothschild Holding S.A. acquired a new position in Republic Services during the 2nd quarter worth approximately $27,000. Finally, Compass Financial Management LLC bought a new position in Republic Services in the second quarter worth approximately $27,000. 57.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

RSG has been the topic of a number of analyst reports. Morgan Stanley set a $232.00 price objective on shares of Republic Services in a research note on Friday, August 7th. Weiss Ratings restated a "hold (c+)" rating on shares of Republic Services in a report on Friday, July 24th. UBS Group increased their price target on Republic Services from $233.00 to $235.00 and gave the stock a "neutral" rating in a report on Tuesday, August 11th. Canadian Imperial Bank of Commerce reissued an "outperform" rating and issued a $249.00 price objective on shares of Republic Services in a research report on Friday, May 8th. Finally, Argus lowered Republic Services from a "buy" rating to a "hold" rating in a research report on Monday, May 11th. Eleven 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 has a consensus rating of "Moderate Buy" and a consensus price target of $245.26.

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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