Republic Services, Inc. (NYSE:RSG - Get Free Report) major shareholder Cascade Investment, L.L.C. bought 365,039 shares of the stock in a transaction on Friday, September 4th. The shares were acquired at an average cost of $223.16 per share, for a total transaction of $81,462,103.24. Following the purchase, the insider owned 115,756,830 shares in the company, valued at approximately $25,832,294,182.80. This represents a 0.32% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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, September 3rd, Cascade Investment, L.L.C. purchased 370,264 shares of Republic Services stock. The shares were bought at an average price of $224.81 per share, with a total value of $83,239,049.84.
- On Wednesday, September 2nd, Cascade Investment, L.L.C. acquired 329,200 shares of Republic Services stock. The shares were bought at an average cost of $223.27 per share, for a total transaction of $73,500,484.00.
- On Tuesday, September 1st, Cascade Investment, L.L.C. acquired 204,800 shares of Republic Services stock. The stock was bought at an average price of $222.68 per share, for a total transaction of $45,604,864.00.
- On Monday, August 31st, Cascade Investment, L.L.C. bought 301,000 shares of Republic Services stock. The shares were bought at an average cost of $221.94 per share, with a total value of $66,803,940.00.
- On Friday, August 28th, Cascade Investment, L.L.C. purchased 251,400 shares of Republic Services stock. The shares were bought at an average price of $221.03 per share, for a total transaction 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 cost 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 purchased 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. purchased 269,477 shares of Republic Services stock. The shares were purchased 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 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 stock was acquired at an average cost of $220.34 per share, with a total value of $42,164,482.74.
Republic Services Stock Down 0.5%
Republic Services stock opened at $221.69 on Wednesday. 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 1-year low of $196.41 and a 1-year high of $233.42. The firm's fifty day simple moving average is $217.91 and its 200-day simple moving average is $215.18. The company has a market capitalization of $67.88 billion, a P/E ratio of 31.40, a P/E/G ratio of 3.69 and a beta of 0.40.
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 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 during the quarter, compared to analysts' expectations of $4.36 billion. During the same period in the prior year, the company posted $1.77 earnings per share. Republic Services'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. Sell-side analysts forecast that Republic Services, Inc. will post 7.27 earnings per share for the current fiscal year.
Republic Services Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.2%. This is a positive change from Republic Services's previous quarterly dividend of $0.62. Republic Services's payout ratio is currently 35.41%.
Hedge Funds Weigh In On Republic Services
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wealth Watch Advisors INC acquired a new position in Republic Services during the 3rd quarter valued at $26,000. Bell Investment Advisors Inc bought a new position in shares of Republic Services during the 2nd quarter worth about $25,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Republic Services during the 2nd quarter worth about $27,000. Compass Financial Management LLC acquired a new position in shares of Republic Services during the second quarter valued at about $27,000. Finally, Prosperity Bancshares Inc bought a new stake in shares of Republic Services in the fourth quarter valued at about $30,000. Institutional investors own 57.73% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have commented on the company. UBS Group increased their price target on Republic Services from $233.00 to $235.00 and gave the company a "neutral" rating in a report on Tuesday, August 11th. Morgan Stanley set a $232.00 price objective on shares of Republic Services in a research note on Friday, August 7th. Citigroup raised 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. Barclays lifted their target price on shares of Republic Services from $233.00 to $240.00 and gave the stock an "equal weight" rating in a report on Friday, August 7th. Finally, Weiss Ratings upgraded shares of Republic Services from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, August 21st. Twelve analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $245.26.
View Our Latest Research Report on RSG
Republic Services Company Profile
(
Get Free Report)
Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal and recycling services. The company serves residential, commercial, industrial and municipal customers, offering scheduled and on-demand waste pickup, roll-off containers, transfer-station services and landfill disposal.
Its recycling and environmental services include the collection and processing of recyclable materials, organics management, waste reduction programs and related sustainability solutions.
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