$RSG

CASCADE INVESTMENT, L.L.C. (GATES WILLIAM H III) purchased $78.3M of RSG

CASCADE INVESTMENT, L.L.C. purchased 362,960 shares of REPUBLIC SERVICES, INC. (RSG) at an average of $215.81 ($213.70–$217.18, $78.33M total) across 7 trades over 2026-08-12 to 2026-08-13. Filed jointly with GATES WILLIAM H III (10% owner).

Original reporting
SEC EDGAR · CASCADE INVESTMENT, L.L.C., GATES WILLIAM H III
Published Aug 14, 2026, 8:15 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Aug 14, 2026, 8:53 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
AlphAI market briefInsider activity
Primary signal
$RSG
Bullish
medium confidence
Mentioned
$RSG
Relevance
9/10
AlphAI data visualization · based on SEC EDGAR
Decision brief

The 30-second read

$RSGBullishLow
01

Why it matters

The newest actionable information is the disclosed purchase size, price range, and ownership level after the trades. It may influence short-term sentiment but does not change the company’s disclosed fundamentals in this text.

02

Market read

A sizable open-market purchase by a 10% owner is a sentiment-positive datapoint for RSG, but it is not a standalone fundamental catalyst.

03

What to watch

The trades are open-market and the filing states no pre-arranged 10b5-1 plan, but it does not explain intent, horizon, or whether additional buying/selling is expected.

Relevance 9/10Novelty 6/10Timing: filed 2026-08-14, covering purchases on 2026-08-12 to 2026-08-13

Background

This is an SEC Form 4 insider transaction disclosure for Republic Services, Inc. (RSG). Cascade Investment, L.L.C. is reported as a 10% owner and co-reporter is William H. Gates III.

Company-level read

Ticker impact

$RSGBullishMedium confidence
Context

Republic Services Form 4 shows Cascade Investment, a 10% owner, bought 362,960 shares in open-market trades at about $215.81 average.

Expected impact

Near-term sentiment may improve modestly, but follow-through depends on whether the buying is part of a broader accumulation plan.

Evidence & confidence

The filing is primary-source and sizable, yet it lacks new company-specific operational or financial information and provides no 10b5-1 plan context.

Market effects

Could slightly support sentiment toward waste management peers if investors interpret large owner buying as confidence in cash flows.

No clear regional linkage from the filing details provided.

Limited global impact; this is company-specific ownership activity.

Counterpoint

Large owner buying can reflect liquidity needs, portfolio rebalancing, or tax/structuring rather than a forward-looking view on fundamentals.

Key entities

  • Republic Services, Inc.

    Waste management company subject of the Form 4 insider transaction disclosure.

  • CASCADE INVESTMENT, L.L.C.

    Reported 10% owner that purchased 362,960 shares in open-market trades.

  • GATES WILLIAM H III

    Co-reporting 10% owner listed on the Form 4.

Full insider trading history

This story covers one filing. See everything behind it: every insider buy and sell on record, 10b5-1 plans, late filings, and which officers and directors are trading.

Related articles

$RSGHighAI 8/10

Republic Services (RSG) Is Winning On Price While Volumes Slip

Republic Services (RSG) reported Q2 earnings of $1.84 per share, up from $1.75 a year earlier, and raised full-year targets. Revenue grew 4.6% driven by 5.3% price increases, despite a 1.6% volume decline. Adjusted EBITDA was $1.42 billion with a 32.1% margin. The company generated $2.38 billion in cash from operations, used for acquisitions and dividends. The board increased the quarterly dividend to $0.670 per share. However, volume declines and softer recycling prices pose challenges.

$RSGMedAI 8/10

Here's Why You Should Hold on to Republic Services Stock for Now

Republic Services (RSG) stock rose 7.1% in the past three months. Analysts expect 2026 revenue of $17.3B (+4% YoY) and EPS of $7.27 (+3.6% YoY). The company reports strong pricing, margin expansion, and growth in its Environmental Solutions business. It generated $2.4B in operating cash flow and $1.6B in free cash flow in H1 2026, with a raised full-year free cash flow guidance of $2.54B-$2.575B. The dividend was increased to $0.67 per share.

$RSGHighAI 9/10

Turning Trash to Cash: A $129M Bet on Waste

Republic Services (RSG) reported Q3 adjusted EPS of $1.85, beating estimates, with revenue up 4.6% YoY to $16.89B. The company benefits from inflation-linked municipal contracts and growth in RNG. It has a net margin of 12.94% and a debt-to-equity ratio of 1.12. Analysts' average price target is $245.26, implying 19% upside. Cascade Investment recently invested $129.3M in RSG.

$RSGMedAI 8/10

Bill Gates Just Bought 3M More Shares of This 'Boring' Stock, Which Pays Him $78M Every Quarter

Bill Gates' Cascade Investment acquired 3.06 million shares of Republic Services (RSG) between August 28 and September 11, increasing his stake to 117.05 million shares, or 38% of the company. Republic Services raised its quarterly dividend to $0.67 per share, with Gates set to receive $78.43 million from the upcoming payout. The company reported Q2 adjusted EPS of $1.85 and revenue of $4.43 billion, with full-year 2026 guidance of $7.23-$7.28 EPS on $17.20-$17.30 billion revenue.