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Republic Services (NYSE:RSG) major shareholder Cascade Investment Llc purchased 462,578 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were purchased at an average price of $39.41 per share, with a total value of $18,230,198.98. Following the purchase, the insider now directly owns 101,325,676 shares in the company, valued at approximately $3,993,244,891. The transaction was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

A number of research firms have recently commented on RSG. 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 analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Republic Services has a consensus rating of “Buy” and a consensus target price of $39.10.

Shares of Republic Services (NYSE:RSG) traded up 0.10% on Wednesday, hitting $39.41. The stock had a trading volume of 1,759,813 shares. Republic Services has a one year low of $31.42 and a one year high of $39.62. The stock has a 50-day moving average of $38.02 and a 200-day moving average of $35.78. The company has a market cap of $14.018 billion and a P/E ratio of 19.75.

Republic Services (NYSE:RSG) last posted its quarterly earnings results 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. On average, analysts predict that Republic Services will post $1.97 earnings per share for the current fiscal year.

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

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

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