Republic Services (NYSE:RSG) Major Shareholder Purchases $59,791,556.76 in Stock

Key Points

  • Cascade Investment purchased 269,477 Republic Services shares for approximately $59.8 million, increasing its already substantial stake by 0.24% to 113.4 million shares. The purchase followed a series of additional acquisitions in August.
  • Republic Services reported quarterly revenue of $4.43 billion and adjusted earnings of $1.85 per share, beating analyst expectations, 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, equating to an annualized dividend of $2.68 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. purchased 269,477 shares of the company's stock in a transaction that occurred on Tuesday, August 25th. The shares were purchased at an average price of $221.88 per share, with a total value of $59,791,556.76. Following the completion of the transaction, the insider directly owned 113,375,027 shares of the company's stock, valued at $25,155,650,990.76. This represents a 0.24% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 24th, Cascade Investment, L.L.C. acquired 301,639 shares of Republic Services stock. The stock was purchased at an average price of $222.91 per share, for a total transaction of $67,238,349.49.
  • On Friday, August 21st, Cascade Investment, L.L.C. bought 191,361 shares of Republic Services stock. The shares were acquired at an average cost of $220.34 per share, for a total transaction of $42,164,482.74.
  • On Thursday, August 20th, Cascade Investment, L.L.C. bought 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 stock was acquired at an average cost of $222.51 per share, for a total transaction 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 shares were 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. acquired 149,250 shares of Republic Services stock. The stock was acquired at an average price of $215.73 per share, with a total value of $32,197,702.50.
  • On Thursday, August 13th, Cascade Investment, L.L.C. bought 188,460 shares of Republic Services stock. The stock was 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 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. purchased 240,000 shares of Republic Services stock. The stock was bought at an average cost of $216.32 per share, with a total value of $51,916,800.00.

Republic Services Stock Performance




Shares of Republic Services stock opened at $221.96 on Thursday. The business's 50 day moving average price is $215.79 and its 200 day moving average price is $215.15. The company has a market cap of $67.97 billion, a price-to-earnings ratio of 31.44, a PEG ratio of 3.66 and a beta of 0.40. 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 one year low of $196.41 and a one year high of $235.18.

Republic Services (NYSE:RSG - Get Free Report) last issued its earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $4.36 billion. During the same period in the prior year, the business earned $1.77 EPS. The firm's quarterly revenue was up 4.6% on a year-over-year basis. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, research analysts predict that Republic Services, Inc. will post 7.27 EPS for the current year.

Republic Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be issued a $0.67 dividend. This is an increase from Republic Services's previous quarterly dividend of $0.62. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, October 2nd. Republic Services's payout ratio is currently 35.41%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Schulz Wealth LTD. acquired a new stake in shares of Republic Services during the second quarter valued at about $279,000. Groupe la Francaise lifted its holdings in shares of Republic Services by 17.8% in the 2nd quarter. Groupe la Francaise now owns 71,736 shares of the business services provider's stock worth $15,291,000 after acquiring an additional 10,853 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Republic Services during the 2nd quarter worth approximately $13,002,000. California State Teachers Retirement System increased its holdings in Republic Services by 19,694.6% in the 2nd quarter. California State Teachers Retirement System now owns 49,796,796 shares of the business services provider's stock valued at $10,610,701,000 after purchasing an additional 49,545,228 shares during the last quarter. Finally, Greenland Capital Management LP purchased a new stake in Republic Services in the second quarter valued at approximately $5,255,000. Hedge funds and other institutional investors own 57.73% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on RSG. Royal Bank Of Canada lifted their target price on shares of Republic Services from $265.00 to $267.00 and gave the stock an "outperform" rating in a research note on Friday, May 8th. Argus downgraded shares of Republic Services from a "buy" rating to a "hold" rating in a report on Monday, May 11th. Weiss Ratings raised shares of Republic Services from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, August 21st. Citigroup upped their price objective on Republic Services from $247.00 to $259.00 and gave the company a "buy" rating in a report on Friday, July 10th. Finally, UBS Group increased their price objective on Republic Services from $233.00 to $235.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 11th. Twelve research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Republic Services currently has a consensus rating of "Moderate Buy" and a consensus target price of $245.26.

Get Our Latest Stock Analysis 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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