Republic Services, Inc. (NYSE:RSG - Get Free Report) major shareholder Cascade Investment, L.L.C. bought 191,361 shares of the business's stock in a transaction that occurred on Friday, August 21st. The shares were acquired at an average price of $220.34 per share, for a total transaction of $42,164,482.74. Following the completion of the transaction, the insider owned 112,803,911 shares in the company, valued at $24,855,213,749.74. This trade represents a 0.17% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own more than 10% 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 Thursday, August 20th, Cascade Investment, L.L.C. purchased 208,925 shares of Republic Services stock. The stock was acquired at an average price of $220.26 per share, with a total value of $46,017,820.50.
- On Wednesday, August 19th, Cascade Investment, L.L.C. purchased 178,844 shares of Republic Services stock. The shares were acquired at an average cost of $222.51 per share, with a total value of $39,794,578.44.
- On Tuesday, August 18th, Cascade Investment, L.L.C. purchased 200,125 shares of Republic Services stock. The shares were acquired at an average price of $217.90 per share, for a total transaction of $43,607,237.50.
- On Monday, August 17th, Cascade Investment, L.L.C. acquired 206,800 shares of Republic Services stock. The stock was bought at an average price of $214.92 per share, with a total value of $44,445,456.00.
- On Friday, August 14th, Cascade Investment, L.L.C. bought 149,250 shares of Republic Services stock. The shares were bought at an average cost of $215.73 per share, with a total value of $32,197,702.50.
- On Thursday, August 13th, Cascade Investment, L.L.C. purchased 188,460 shares of Republic Services stock. The stock was bought 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 bought at an average cost of $215.80 per share, with a total value of $37,657,100.00.
- On Tuesday, August 11th, Cascade Investment, L.L.C. acquired 240,000 shares of Republic Services stock. The shares were bought at an average price 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 bought at an average cost of $214.89 per share, for a total transaction of $56,228,976.96.
Republic Services Stock Performance
NYSE:RSG opened at $223.04 on Tuesday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.64 and a current ratio of 0.64. Republic Services, Inc. has a fifty-two week low of $196.41 and a fifty-two week high of $235.98. The company has a 50 day simple moving average of $215.27 and a two-hundred day simple moving average of $215.11. The company has a market capitalization of $68.30 billion, a PE ratio of 31.59, a P/E/G ratio of 3.66 and a beta of 0.40.
Republic Services (NYSE:RSG - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.81 by $0.04. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The firm 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 company earned $1.77 EPS. The company's revenue for the quarter was up 4.6% on a year-over-year basis. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Research analysts anticipate that Republic Services, Inc. will post 7.27 earnings per share for the current year.
Republic Services Increases Dividend
The company also recently declared 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. This represents a $2.68 dividend on an annualized basis and a yield of 1.2%. 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 currently 35.41%.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in RSG. Wealth Watch Advisors INC bought a new position in Republic Services in the third quarter worth approximately $26,000. Bell Investment Advisors Inc bought a new stake in shares of Republic Services during the second quarter valued at approximately $25,000. Laurel Wealth Advisors LLC acquired a new position in shares of Republic Services during the fourth quarter worth approximately $25,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Republic Services in the 2nd quarter worth $27,000. Finally, Compass Financial Management LLC bought a new position in shares of Republic Services in the 2nd quarter worth $27,000. 57.73% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on RSG. Morgan Stanley set a $232.00 price objective on Republic Services in a research note on Friday, August 7th. Argus cut Republic Services from a "buy" rating to a "hold" rating in a research note on Monday, May 11th. Weiss Ratings upgraded Republic Services from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday. 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. Finally, Royal Bank Of Canada raised their price objective on shares of Republic Services from $265.00 to $267.00 and gave the stock an "outperform" rating in a research report on Friday, May 8th. Twelve equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $245.26.
Read Our Latest Research Report on Republic Services
About Republic Services
(
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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