Key Points
- Cascade Investment bought 178,844 Republic Services shares at an average price of $222.51, investing approximately $39.8 million and raising its stake by 0.16% to more than 112.4 million shares. The purchase was part of a series of acquisitions totaling more than 1.4 million shares in August.
- Republic Services reported quarterly EPS of $1.85, exceeding the $1.81 consensus estimate, while revenue rose 4.6% year over year to $4.43 billion. The company reaffirmed fiscal 2026 EPS guidance of $7.23–$7.28.
- The company increased its quarterly dividend to $0.67 per share, equivalent to an annualized $2.68 payout and a 1.2% yield. Analysts maintain 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. acquired 178,844 shares of the company's stock in a transaction dated Wednesday, August 19th. The stock was acquired at an average price of $222.51 per share, for a total transaction of $39,794,578.44. Following the acquisition, the insider owned 112,403,625 shares in the company, valued at approximately $25,010,930,598.75. The trade was a 0.16% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Cascade Investment, L.L.C. also recently made the following trade(s):
- On Tuesday, August 18th, Cascade Investment, L.L.C. bought 200,125 shares of Republic Services stock. The shares were acquired at an average price of $217.90 per share, with a total value of $43,607,237.50.
- On Monday, August 17th, Cascade Investment, L.L.C. purchased 206,800 shares of Republic Services stock. The stock was acquired at an average cost of $214.92 per share, with a total value of $44,445,456.00.
- On Friday, August 14th, Cascade Investment, L.L.C. purchased 149,250 shares of Republic Services stock. The stock was bought at an average price of $215.73 per share, for a total transaction of $32,197,702.50.
- On Thursday, August 13th, Cascade Investment, L.L.C. acquired 188,460 shares of Republic Services stock. The shares were bought at an average price of $215.81 per share, with a total value of $40,671,552.60.
- On Wednesday, August 12th, Cascade Investment, L.L.C. bought 174,500 shares of Republic Services stock. The stock was bought 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. bought 240,000 shares of Republic Services stock. The stock was bought at an average cost of $216.32 per share, for a total transaction 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 bought at an average price of $214.89 per share, for a total transaction of $56,228,976.96.
Republic Services Price Performance
Shares of RSG opened at $219.58 on Friday. 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 1-year low of $196.41 and a 1-year high of $237.06. The stock has a market cap of $67.24 billion, a PE ratio of 31.10, a price-to-earnings-growth ratio of 3.62 and a beta of 0.40. The firm has a fifty day moving average price of $214.75 and a 200 day moving average price of $215.01.
Republic Services (NYSE:RSG - Get Free Report) last issued its quarterly earnings data 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. 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 for the quarter, compared to analyst estimates of $4.36 billion. During the same quarter last year, the company posted $1.77 earnings per share. The business'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. As a group, sell-side analysts anticipate that Republic Services, Inc. will post 7.27 EPS for the current year.
Republic Services Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be paid a dividend of $0.67 per share. The ex-dividend date 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 dividend payout ratio (DPR) is 35.41%.
Analyst Ratings Changes
A number of equities research analysts have weighed in on RSG shares. Canadian Imperial Bank of Commerce reiterated an "outperform" rating and issued a $249.00 price objective on shares of Republic Services in a research note on Friday, May 8th. Citigroup lifted their target price on shares of Republic Services from $247.00 to $259.00 and gave the company a "buy" rating in a report on Friday, July 10th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Republic Services in a research report on Friday, July 24th. Barclays increased their price target on shares of Republic Services from $233.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Friday, August 7th. Finally, Morgan Stanley set a $232.00 price objective on shares of Republic Services in a research note on Friday, August 7th. Eleven research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $245.26.
Get Our Latest Research Report on RSG
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in shares of Republic Services during the second quarter worth approximately $3,798,092,000. State Street Corp grew its position in Republic Services by 1.7% in the 4th quarter. State Street Corp now owns 9,695,747 shares of the business services provider's stock valued at $2,054,820,000 after buying an additional 166,474 shares during the last quarter. Capital World Investors increased its stake in 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 buying an additional 1,899,183 shares during the period. Morgan Stanley raised its position in Republic Services by 38.6% during the 4th quarter. Morgan Stanley now owns 5,348,501 shares of the business services provider's stock worth $1,133,509,000 after buying an additional 1,490,719 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of Republic Services by 18.9% in the 4th quarter. Wellington Management Group LLP now owns 5,070,130 shares of the business services provider's stock worth $1,074,513,000 after acquiring an additional 807,525 shares during the period. Institutional investors and hedge funds own 57.73% of the company's stock.
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
