Key Points
- Cascade Investment purchased 149,250 Republic Services shares at an average $215.73, investing approximately $32.2 million and increasing its stake to 111.8 million shares. The investor also made several additional purchases during the same week.
- Republic Services exceeded quarterly expectations, reporting $1.85 in EPS and $4.43 billion in revenue, while revenue increased 4.6% year over year. 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 have 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. purchased 149,250 shares of the business's stock in a transaction on Friday, August 14th. The stock was purchased at an average cost of $215.73 per share, for a total transaction of $32,197,702.50. Following the completion of the acquisition, the insider directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 Monday, August 17th, Cascade Investment, L.L.C. bought 206,800 shares of Republic Services stock. The shares were acquired at an average price of $214.92 per share, for a total transaction 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 cost 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 stock was 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. purchased 261,664 shares of Republic Services stock. The shares were acquired at an average price of $214.89 per share, for a total transaction of $56,228,976.96.
Republic Services Stock Performance
RSG opened at $217.17 on Wednesday. The company has a market cap of $66.50 billion, a P/E ratio of 30.76, a price-to-earnings-growth ratio of 3.51 and a beta of 0.40. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.12. The firm's 50-day moving average price is $214.36 and its 200-day moving average price is $214.94. Republic Services, Inc. has a 52-week low of $196.41 and a 52-week high of $238.62.
Republic Services (NYSE:RSG - Get Free Report) last released its 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 net margin of 12.94% and a return on equity of 18.69%. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter in the previous year, the firm earned $1.77 EPS. Republic Services's 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. As a group, equities analysts anticipate that Republic Services, Inc. will post 7.27 EPS 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. Stockholders of record on Friday, October 2nd will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from Republic Services's previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Friday, October 2nd. Republic Services's dividend payout ratio is presently 35.41%.
Institutional Investors Weigh In On Republic Services
Several hedge funds have recently added to or reduced their stakes in RSG. Beacon Pointe Advisors LLC acquired a new stake in Republic Services during the 2nd quarter worth about $1,321,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Republic Services in the 2nd quarter valued at about $384,000. Rakuten Investment Management Inc. purchased a new stake in shares of Republic Services in the second quarter worth about $7,032,000. Glenview Trust Co acquired a new stake in Republic Services during the second quarter worth about $353,000. Finally, Empowered Funds LLC purchased a new position in Republic Services during the second quarter valued at approximately $3,506,000. 57.73% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on RSG. Barclays raised their target price on Republic Services from $233.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Friday, August 7th. Royal Bank Of Canada increased their price objective on Republic Services from $265.00 to $267.00 and gave the company an "outperform" rating in a report on Friday, May 8th. UBS Group raised their price objective on Republic Services from $233.00 to $235.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 11th. Citigroup lifted their target price on Republic Services from $247.00 to $259.00 and gave the stock a "buy" rating in a report on Friday, July 10th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Republic Services in a report on Friday, July 24th. Eleven research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $245.26.
Get Our Latest Report on Republic Services
About Republic Services
(
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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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