Key Points
- Cascade Investment purchased 240,000 Republic Services shares at an average of $216.32, investing nearly $51.9 million and increasing its stake to more than 111.3 million shares. The transaction follows several additional purchases made earlier in the year.
- Republic Services exceeded quarterly expectations, reporting $1.85 in EPS and $4.43 billion in revenue, with revenue up 4.6% year over year. The company also raised its quarterly dividend from $0.62 to $0.67 per share, a 1.3% yield.
- Analysts maintain a “Moderate Buy” consensus, with an average price target of $245.26 versus the stock’s opening price of $214.13. Institutional investors own approximately 57.73% of the company.
Republic Services, Inc. (NYSE:RSG - Get Free Report) major shareholder Cascade Investment, L.L.C. acquired 240,000 shares of the stock in a transaction on Tuesday, August 11th. The stock was bought at an average cost of $216.32 per share, for a total transaction of $51,916,800.00. Following the transaction, the insider owned 111,305,646 shares of the company's stock, valued at approximately $24,077,637,342.72. This trade represents a 0.22% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more 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 10th, Cascade Investment, L.L.C. bought 261,664 shares of Republic Services stock. The shares were bought at an average cost of $214.89 per share, with a total value of $56,228,976.96.
- On Monday, May 18th, Cascade Investment, L.L.C. purchased 60,700 shares of Republic Services stock. The shares were bought 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. acquired 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. bought 307,505 shares of Republic Services stock. The stock was purchased at an average cost of $207.68 per share, with a total value of $63,862,638.40.
Republic Services Stock Performance
Shares of RSG opened at $214.13 on Thursday. Republic Services, Inc. has a 1 year low of $196.41 and a 1 year high of $238.62. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.64 and a quick ratio of 0.67. The stock's fifty day moving average price is $213.78 and its two-hundred day moving average price is $215.00. The firm has a market cap of $65.57 billion, a PE ratio of 30.33, a PEG ratio of 3.51 and a beta of 0.40.
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. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The company had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter in the prior year, the company earned $1.77 EPS. The firm's quarterly revenue 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, equities research analysts forecast that Republic Services, Inc. will post 7.29 EPS for the current year.
Republic Services Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.3%. This is an increase from Republic Services's previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Friday, October 2nd. Republic Services's payout ratio is presently 35.41%.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Republic Services in the second quarter worth $3,798,092,000. Norges Bank bought a new position in Republic Services in the 4th quarter worth about $617,165,000. Capital World Investors raised its holdings in shares of Republic Services by 27.7% in the 4th quarter. Capital World Investors now owns 8,765,623 shares of the business services provider's stock valued at $1,857,698,000 after acquiring an additional 1,899,183 shares in the last quarter. Morgan Stanley boosted its position in shares of Republic Services by 38.6% during the 4th quarter. Morgan Stanley now owns 5,348,501 shares of the business services provider's stock valued at $1,133,509,000 after acquiring an additional 1,490,719 shares during the last quarter. Finally, Deutsche Bank AG bought a new stake in shares of Republic Services during the 2nd quarter valued at about $236,628,000. Institutional investors own 57.73% of the company's stock.
Analyst Ratings Changes
A number of research analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of Republic Services from $233.00 to $235.00 and gave the company a "neutral" rating in a research note on Tuesday. Weiss Ratings restated a "hold (c+)" rating on shares of Republic Services in a research report on Friday, July 24th. Citigroup lifted their price target 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 price objective on Republic Services in a research note on Friday, August 7th. Finally, Argus cut Republic Services from a "buy" rating to a "hold" rating in a report on Monday, May 11th. Eleven analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $245.26.
Get Our Latest Stock Analysis on RSG
Republic Services Company Profile
(
Get Free Report)
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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