Republic Services (NYSE:RSG) Major Shareholder Cascade Investment, L.L.C. Purchases 204,800 Shares

September 4, 2026 by InsiderTrades.com

Key Points

Cascade Investment continued its aggressive accumulation of Republic Services shares, purchasing 204,800 shares for approximately $45.6 million on September 1 and reporting ownership of about 114.7 million shares worth $25.5 billion.
Republic Services reported quarterly EPS and revenue above analyst expectations, with revenue rising 4.6% year over year. Management guided to fiscal 2026 EPS of $7.23–$7.28, while analysts maintain a “Moderate Buy” consensus and a $245.26 price target.
The company increased its quarterly dividend to $0.67 per share from $0.62, equating to $2.68 annually and a yield of roughly 1.2%; however, the stock’s valuation remains elevated at approximately 32 times earnings.

Republic Services, Inc. (NYSE:RSG - Get Free Report) major shareholder Cascade Investment, L.L.C. bought 204,800 shares of Republic Services stock in a transaction that occurred on Tuesday, September 1st. The stock was purchased at an average price of $222.68 per share, with a total value of $45,604,864.00. Following the purchase, the insider directly owned 114,692,327 shares in the company, valued at $25,539,687,376.36. The trade was a 0.18% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.

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Cascade Investment, L.L.C. also recently made the following trade(s):

On Wednesday, September 2nd, Cascade Investment, L.L.C. acquired 329,200 shares of Republic Services stock. The stock was purchased at an average cost of $223.27 per share, for a total transaction of $73,500,484.00.
On Monday, August 31st, Cascade Investment, L.L.C. acquired 301,000 shares of Republic Services stock. The stock was purchased at an average price of $221.94 per share, with a total value of $66,803,940.00.
On Friday, August 28th, Cascade Investment, L.L.C. bought 251,400 shares of Republic Services stock. The shares were purchased at an average cost of $221.03 per share, with a total value of $55,566,942.00.
On Thursday, August 27th, Cascade Investment, L.L.C. bought 284,600 shares of Republic Services stock. The stock was purchased at an average price of $219.52 per share, for a total transaction of $62,475,392.00.
On Wednesday, August 26th, Cascade Investment, L.L.C. purchased 275,500 shares of Republic Services stock. The shares were acquired at an average cost of $221.55 per share, with a total value of $61,037,025.00.
On Tuesday, August 25th, Cascade Investment, L.L.C. acquired 269,477 shares of Republic Services stock. The shares were acquired at an average price of $221.88 per share, with a total value of $59,791,556.76.
On Monday, August 24th, Cascade Investment, L.L.C. acquired 301,639 shares of Republic Services stock. The stock was acquired 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 acquired at an average cost 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 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.

Republic Services Stock Performance

NYSE RSG opened at $225.33 on Friday. The stock has a 50-day simple moving average of $217.46 and a two-hundred day simple moving average of $215.13. The firm has a market capitalization of $69.00 billion, a P/E ratio of 31.92, a PEG ratio of 3.69 and a beta of 0.40. Republic Services, Inc. has a fifty-two week low of $196.41 and a fifty-two week high of $235.18. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.64 and a current ratio of 0.64.

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Republic Services (NYSE:RSG - Get Free Report) last issued its earnings results on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, topping analysts' consensus estimates of $1.81 by $0.04. The firm 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 prior year, the business earned $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, equities analysts forecast that Republic Services, Inc. will post 7.27 earnings per share for the current year.

Republic Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd will be paid a dividend of $0.67 per share. 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. This is a positive change from Republic Services's previous quarterly dividend of $0.62. Republic Services's dividend payout ratio is 35.41%.

Trending Headlines about Republic Services

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

Positive Sentiment: Cascade continues aggressive buying: Cascade Investment purchased 204,800 RSG shares on September 1 for approximately $45.6 million and another 329,200 shares on September 2 for about $73.5 million. The transactions increased its holdings to roughly 115 million shares, worth more than $25 billion. SEC-disclosed Cascade Investment purchases
Positive Sentiment: Strong pattern of insider accumulation: Recent reports indicate Cascade has bought approximately 4.67 million Republic Services shares for an estimated $1.01 billion over the past six months, with no reported sales. Investors may view the sustained buying—and Cascade’s reported ownership of about 36.7%—as a significant vote of confidence in RSG’s defensive business model, recurring revenue and dividend record. Cascade Investment stake increase
Positive Sentiment: Dividend increase supports the investment case: Republic Services raised its quarterly dividend to $0.67 per share from $0.62, equivalent to $2.68 annually and a yield of approximately 1.2%. The payout ratio remains moderate at about 35%, leaving room to support future increases. Republic Services insider buying and dividend report
Positive Sentiment: Operating momentum remains intact: Republic Services recently exceeded quarterly EPS and revenue expectations, with revenue up 4.6% year over year. Management’s fiscal 2026 EPS guidance of $7.23–$7.28 and analysts’ consensus target near $245 suggest continued earnings growth potential, although the stock’s valuation remains elevated.
Neutral Sentiment: Valuation and mixed institutional activity warrant monitoring: RSG trades at roughly 32 times earnings, while some large institutions reduced their holdings even as others added shares. This could limit upside if growth or margin expansion fails to meet expectations.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Citigroup boosted their target price on shares of Republic Services from $247.00 to $259.00 and gave the company a "buy" rating in a research note on Friday, July 10th. Royal Bank Of Canada lifted their price objective on shares of Republic Services from $265.00 to $267.00 and gave the company an "outperform" rating in a report on Friday, May 8th. Canadian Imperial Bank of Commerce reissued an "outperform" rating and set a $249.00 target price on shares of Republic Services in a research note on Friday, May 8th. Argus cut Republic Services from a "buy" rating to a "hold" rating in a research report on Monday, May 11th. Finally, Weiss Ratings upgraded Republic Services from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, August 21st. Twelve equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $245.26.

Get Our Latest Stock Analysis on RSG

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of RSG. Bell Investment Advisors Inc purchased a new stake in Republic Services during the 2nd quarter worth approximately $25,000. Wealth Watch Advisors INC purchased a new position in shares of Republic Services in the third quarter valued at approximately $26,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Republic Services in the second quarter worth approximately $27,000. Compass Financial Management LLC purchased a new stake in shares of Republic Services during the second quarter worth approximately $27,000. Finally, Prosperity Bancshares Inc acquired a new position in Republic Services in the 4th quarter valued at $30,000. 57.73% of the stock is owned by hedge funds and other institutional investors.

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.