Key Points
- Cascade Investment continued aggressively buying Republic Services shares, acquiring 256,000 shares for approximately $56.9 million and increasing its position by 0.22% to more than 116.7 million shares. The firm also made several additional purchases in recent weeks.
- Republic Services reported stronger-than-expected quarterly results, with earnings of $1.85 per share and revenue of $4.43 billion, while revenue rose 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, implying an annualized dividend of $2.68 and a 1.2% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $245.26.
Republic Services, Inc. (NYSE:RSG - Get Free Report) major shareholder Cascade Investment, L.L.C. acquired 256,000 shares of the stock in a transaction on Thursday, September 10th. The stock was acquired at an average cost of $222.30 per share, for a total transaction of $56,908,800.00. Following the acquisition, the insider directly owned 116,733,634 shares in the company, valued at $25,949,886,838.20. This represents a 0.22% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Friday, September 11th, Cascade Investment, L.L.C. purchased 324,810 shares of Republic Services stock. The stock was acquired at an average cost of $222.89 per share, with a total value of $72,396,900.90.
- On Wednesday, September 9th, Cascade Investment, L.L.C. purchased 311,304 shares of Republic Services stock. The stock was acquired at an average price of $221.31 per share, for a total transaction of $68,894,688.24.
- On Tuesday, September 8th, Cascade Investment, L.L.C. acquired 409,500 shares of Republic Services stock. The shares were acquired at an average cost of $221.49 per share, for a total transaction of $90,700,155.00.
- On Friday, September 4th, Cascade Investment, L.L.C. bought 365,039 shares of Republic Services stock. The stock was acquired at an average cost 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 shares were bought 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 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, with a total value of $45,604,864.00.
- On Monday, August 31st, Cascade Investment, L.L.C. acquired 301,000 shares of Republic Services stock. The shares were bought at an average cost of $221.94 per share, for a total transaction 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 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 bought at an average cost of $219.52 per share, with a total value of $62,475,392.00.
Republic Services Stock Up 1.4%
RSG opened at $225.81 on Tuesday. 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 company has a market cap of $69.15 billion, a price-to-earnings ratio of 31.98, a PEG ratio of 3.69 and a beta of 0.40. Republic Services, Inc. has a one year low of $196.41 and a one year high of $233.42. The business's fifty day moving average is $218.48 and its two-hundred day moving average is $215.24.
Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share for the quarter, beating analysts' consensus estimates of $1.81 by $0.04. The business had revenue of $4.43 billion during the quarter, compared to analysts' expectations of $4.36 billion. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The business's revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the business posted $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Analysts anticipate that Republic Services, Inc. will post 7.27 EPS for the current fiscal year.
Republic Services Increases Dividend
The business 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. 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. This represents a $2.68 annualized dividend and a yield of 1.2%. Republic Services's dividend payout ratio (DPR) is 35.41%.
Analysts Set New Price Targets
RSG has been the subject of several analyst reports. Weiss Ratings raised shares of Republic Services from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, August 21st. Morgan Stanley set a $232.00 price target on shares of Republic Services in a research note on Friday, August 7th. Citigroup boosted 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. UBS Group upped their price objective 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. Finally, 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 research note on Friday, August 7th. Twelve 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.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $245.26.
Read Our Latest Stock Analysis on Republic Services
Institutional Trading of Republic Services
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC grew its holdings in Republic Services by 32.2% in the second quarter. Integrated Wealth Concepts LLC now owns 7,716 shares of the business services provider's stock valued at $1,644,000 after purchasing an additional 1,878 shares during the period. Nykredit A S purchased a new position in Republic Services during the second quarter worth approximately $24,534,000. Corient Private Wealth LP boosted its holdings in shares of Republic Services by 39.0% in the 2nd quarter. Corient Private Wealth LP now owns 153,096 shares of the business services provider's stock valued at $32,622,000 after purchasing an additional 42,943 shares during the last quarter. Schulz Wealth LTD. purchased a new stake in shares of Republic Services during the 2nd quarter valued at $279,000. Finally, Groupe la Francaise increased its holdings in shares of Republic Services by 17.8% during 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 last quarter. 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 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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