Cascade Investment, L.L.C. Acquires 275,500 Shares of Republic Services (NYSE:RSG) Stock

Republic Services, Inc. (NYSE:RSG - Get Free Report) major shareholder Cascade Investment, L.L.C. purchased 275,500 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was acquired at an average cost of $221.55 per share, for a total transaction of $61,037,025.00. Following the completion of the acquisition, the insider owned 113,650,527 shares in the company, valued at $25,179,274,256.85. This represents a 0.24% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more 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 Thursday, August 27th, Cascade Investment, L.L.C. acquired 284,600 shares of Republic Services stock. The shares were bought at an average cost of $219.52 per share, with a total value of $62,475,392.00.
  • On Tuesday, August 25th, Cascade Investment, L.L.C. acquired 269,477 shares of Republic Services stock. The shares were bought at an average price of $221.88 per share, for a total transaction of $59,791,556.76.
  • On Monday, August 24th, Cascade Investment, L.L.C. bought 301,639 shares of Republic Services stock. The stock was bought at an average cost 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 bought at an average price of $220.34 per share, with a total value of $42,164,482.74.
  • On Thursday, August 20th, Cascade Investment, L.L.C. bought 208,925 shares of Republic Services stock. The shares were bought at an average cost 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 bought at an average price 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 stock was bought 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 bought 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 shares were purchased 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 purchased at an average price of $215.81 per share, for a total transaction of $40,671,552.60.

Republic Services Price Performance




Shares of Republic Services stock opened at $222.24 on Friday. The firm has a market cap of $68.05 billion, a PE ratio of 31.48, a PEG ratio of 3.63 and a beta of 0.40. The stock has a 50 day moving average of $216.42 and a 200 day moving average of $215.19. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.12. Republic Services, Inc. has a 12 month low of $196.41 and a 12 month high of $235.18.

Republic Services (NYSE:RSG - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.36 billion. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The company's revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.77 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, research analysts expect that Republic Services, Inc. will post 7.27 EPS for the current fiscal year.

Republic Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be given a $0.67 dividend. This is a boost from Republic Services's previous quarterly dividend of $0.62. This represents a $2.68 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, October 2nd. Republic Services's dividend payout ratio (DPR) is presently 35.41%.

Republic Services News Summary

Here are the key news stories impacting Republic Services this week:

  • Positive Sentiment: Cascade Investment continued its aggressive accumulation of RSG. The major shareholder purchased 284,600 shares on August 27 for approximately $62.5 million and 275,500 shares on August 26 for about $61.0 million. These purchases followed a $59.8 million acquisition on August 25 and a series of additional open-market buys. Recent disclosures indicate Cascade has bought more than 3.5 million shares worth approximately $764 million over six months, a potential signal of long-term confidence in Republic Services. Major Investment Powerhouse Makes Massive New Move Into Republic Services Stock
  • Positive Sentiment: Analyst sentiment remains constructive. Republic Services carries a consensus “Moderate Buy” rating, with 12 Buy ratings and 10 Holds. The average price target is approximately $245, above recent trading levels, while Citigroup and RBC Capital Markets have set targets of $259 and $267, respectively. Republic Services Receives Consensus Rating of Moderate Buy
  • Positive Sentiment: The dividend was raised. Republic Services increased its quarterly dividend to $0.67 from $0.62, equivalent to $2.68 annually and a yield of about 1.2%. The increase reinforces the company’s shareholder-return profile.
  • Neutral Sentiment: Recent coverage also highlighted Republic Services as a participant in the broader circular-economy and recycling investment theme. The company’s latest quarter included revenue growth of 4.6% and an EPS beat, but those results were reported earlier and are likely already reflected in the valuation.
  • Negative Sentiment: At roughly 31 times earnings and a PEG ratio above 3.5, RSG is priced at a premium. Some institutional investors reduced holdings recently, and UBS maintains a neutral rating, limiting the potential impact of the bullish signals.

Analysts Set New Price Targets

Several equities analysts have commented on RSG shares. Citigroup increased their price objective on shares of Republic Services from $247.00 to $259.00 and gave the company a "buy" rating in a research report on Friday, July 10th. Barclays upped their target price on shares of Republic Services from $233.00 to $240.00 and gave the company an "equal weight" rating in a research report on Friday, August 7th. Canadian Imperial Bank of Commerce reiterated an "outperform" rating and issued a $249.00 price target on shares of Republic Services in a research report on Friday, May 8th. UBS Group boosted 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. Finally, Argus downgraded Republic Services from a "buy" rating to a "hold" rating in a research report on Monday, May 11th. Twelve equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $245.26.

Check Out Our Latest Stock Analysis on Republic Services

Institutional Trading of Republic Services

A number of hedge funds and other institutional investors have recently bought and sold shares of RSG. Corient Private Wealth LP lifted its position in shares of Republic Services by 39.0% during the second quarter. Corient Private Wealth LP now owns 153,096 shares of the business services provider's stock worth $32,622,000 after purchasing an additional 42,943 shares during the last quarter. Schulz Wealth LTD. purchased a new position in Republic Services in the 2nd quarter worth about $279,000. Groupe la Francaise increased its stake in 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 buying an additional 10,853 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Republic Services during the 2nd quarter valued at about $13,002,000. Finally, California State Teachers Retirement System boosted its position 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 buying an additional 49,545,228 shares during the period. Hedge funds and other institutional investors 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.

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