Key Points
- Cascade Investment bought 311,304 Republic Services shares at an average of $221.31, investing approximately $68.9 million and increasing its stake by 0.27% to more than 116.4 million shares. The purchase followed a series of additional acquisitions in recent weeks.
- Republic Services reported quarterly EPS of $1.85 and revenue of $4.43 billion, beating analyst estimates, 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, equivalent to a $2.68 annualized payout and a 1.2% yield. Analysts give the stock 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. bought 311,304 shares of Republic Services stock in a transaction that occurred on Wednesday, September 9th. The stock was bought at an average cost of $221.31 per share, with a total value of $68,894,688.24. Following the completion of the purchase, the insider owned 116,477,634 shares in the company, valued at approximately $25,777,665,180.54. This trade represents a 0.27% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own at least 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 Tuesday, September 8th, Cascade Investment, L.L.C. purchased 409,500 shares of Republic Services stock. The stock was purchased at an average price of $221.49 per share, for a total transaction of $90,700,155.00.
- On Friday, September 4th, Cascade Investment, L.L.C. acquired 365,039 shares of Republic Services stock. The shares were purchased at an average price of $223.16 per share, with a total value of $81,462,103.24.
- On Thursday, September 3rd, Cascade Investment, L.L.C. bought 370,264 shares of Republic Services stock. The stock was purchased at an average price of $224.81 per share, for a total transaction of $83,239,049.84.
- On Wednesday, September 2nd, Cascade Investment, L.L.C. purchased 329,200 shares of Republic Services stock. The shares were acquired at an average cost of $223.27 per share, with a total value 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 acquired at an average cost 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 acquired 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. purchased 251,400 shares of Republic Services stock. The stock was acquired 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. purchased 284,600 shares of Republic Services stock. The shares were acquired 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. acquired 275,500 shares of Republic Services stock. The stock was bought at an average price of $221.55 per share, with a total value of $61,037,025.00.
- On Tuesday, August 25th, Cascade Investment, L.L.C. bought 269,477 shares of Republic Services stock. The stock was bought at an average cost of $221.88 per share, for a total transaction of $59,791,556.76.
Republic Services Stock Performance
Shares of NYSE RSG opened at $221.24 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a 50 day moving average price of $218.15 and a 200 day moving average price of $215.19. The stock has a market capitalization of $67.74 billion, a PE ratio of 31.34, a price-to-earnings-growth ratio of 3.68 and a beta of 0.40. Republic Services, Inc. has a 52 week low of $196.41 and a 52 week high of $233.42.
Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.04. The firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.36 billion. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The business's quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.77 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Analysts predict that Republic Services, Inc. will post 7.27 earnings per share for the current fiscal 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 annualized dividend 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%.
Wall Street Analyst Weigh In
RSG has been the subject of a number of analyst reports. Morgan Stanley set a $232.00 price objective on shares of Republic Services in a research report on Friday, August 7th. UBS Group raised their target price on shares of Republic Services from $233.00 to $235.00 and gave the company a "neutral" rating in a research note on Tuesday, August 11th. Citigroup lifted their price target on Republic Services from $247.00 to $259.00 and gave the stock a "buy" rating in a report on Friday, July 10th. Weiss Ratings upgraded Republic Services from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, August 21st. Finally, Barclays raised their price objective on Republic Services from $233.00 to $240.00 and gave the company an "equal weight" rating in a research report on Friday, August 7th. Twelve equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat, Republic Services has a consensus rating of "Moderate Buy" and a consensus target price of $245.26.
Check Out Our Latest Analysis on RSG
Institutional Trading of Republic Services
Hedge funds and other institutional investors have recently modified their holdings of the stock. Bell Investment Advisors Inc acquired a new position in Republic Services in the 2nd quarter valued at about $25,000. Wealth Watch Advisors INC bought a new stake in shares of Republic Services during the third quarter worth approximately $26,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Republic Services during the second quarter worth approximately $27,000. Compass Financial Management LLC acquired a new position in shares of Republic Services in the second quarter valued at approximately $27,000. Finally, Prosperity Bancshares Inc bought a new position in shares of Republic Services during the fourth quarter worth approximately $30,000. Institutional investors own 57.73% of the company's stock.
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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