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Republic Services (NYSE:RSG) major shareholder Cascade Investment Llc acquired 364,184 shares of Republic Services stock on the open market in a transaction dated Monday, August 18th. The shares were purchased at an average price of $39.00 per share, with a total value of $14,203,176.00. Following the acquisition, the insider now directly owns 99,751,044 shares in the company, valued at approximately $3,890,290,716. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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.

Shares of Republic Services (NYSE:RSG) traded up 0.61% during mid-day trading on Wednesday, hitting $39.50. 1,566,636 shares of the company’s stock traded hands. Republic Services has a 1-year low of $31.42 and a 1-year high of $39.32. The stock’s 50-day moving average is $37.82 and its 200-day moving average is $35.5. The company has a market cap of $16.344 billion and a P/E ratio of 19.70.

Republic Services (NYSE:RSG) last released its earnings data on Thursday, July 24th. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.49 by $0.02. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. Analysts expect that Republic Services will post $1.97 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Monday, September 29th. This is a positive change from Republic Services’s previous quarterly dividend of $0.26.

Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Republic Services in a research note on Monday, July 28th. They now have a $39.00 price target on the stock. Separately, analysts at Imperial Capital raised their price target on shares of Republic Services from $41.00 to $43.50 in a research note on Friday, July 25th. They now have an “outperform” rating on the stock. Finally, analysts at Raymond James upgraded shares of Republic Services from a “market perform” rating to a “strong-buy” rating in a research note on Tuesday, June 10th. They now have a $42.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $39.10.

Republic Services, Inc (NYSE:RSG) is a provider of services in the domestic non-hazardous solid waste industry.

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