$RSG

CASCADE INVESTMENT, L.L.C. (GATES WILLIAM H III) purchased $76.6M of RSG

CASCADE INVESTMENT, L.L.C. purchased 356,050 shares of REPUBLIC SERVICES, INC. (RSG) at an average of $215.26 ($213.00–$215.96, $76.64M total) across 5 trades over 2026-08-14 to 2026-08-17. Filed jointly with GATES WILLIAM H III (10% owner).

Original reporting
SEC EDGAR · CASCADE INVESTMENT, L.L.C., GATES WILLIAM H III
Published Aug 18, 2026, 8:54 PM UTC
Analysis
alphai AI DeskAI-generated
Added to alphai Aug 18, 2026, 9:29 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 only new information is the disclosed open-market purchase size, price range, and post-transaction holdings by a 10% owner.

02

Market read

Traders may monitor for follow-on buying/selling patterns, but there is no earnings, guidance, or operational catalyst in the text.

03

What to watch

No 10b5-1 plan is noted, but the filing does not explain intent, timing constraints, or whether other related transactions occurred.

Relevance 9/10Novelty 5/10Timing: filed Aug 18, after-hours disclosure window

Background

The article is an SEC Form 4 insider transaction disclosure for Republic Services, Inc. (RSG).

Company-level read

Ticker impact

$RSGBullishMedium confidence
Context

Republic Services disclosed a 10% owner open-market purchase of 356,050 shares at about $215.26 average across five trades (Aug 14-17).

Expected impact

Near-term impact likely limited; any reaction would be sentiment-driven and fade unless followed by additional disclosures.

Evidence & confidence

The filing is a primary SEC Form 4 and the transaction size is large, but the article provides no new company fundamentals, and it explicitly notes no pre-arranged 10b5-1 plan.

Market effects

No direct sector read-through beyond potential sentiment for waste management peers.

None indicated.

None indicated.

Counterpoint

A 10% owner buy can reflect liquidity management or diversification rather than a bullish view on near-term fundamentals.

Key entities

  • Republic Services, Inc.

    Subject of the Form 4 insider transaction disclosure.

  • CASCADE INVESTMENT, L.L.C.

    Reporter and 10% owner who purchased $76.6M of RSG shares.

  • GATES WILLIAM H III

    Co-reporting 10% owner on the joint filing.

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.

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Gates-Backed Cascade Sees Opportunity in Republic Services That Half of Wall Street Misses

Cascade Investment, managing Bill Gates' fortune, disclosed buying 654,430 shares of Republic Services (RSG) over four days at prices between $213.70 and $217.18. Cascade now owns 10% of the waste hauler. Republic's Q2 2026 earnings showed 5.3% core price growth, 32.1% EBITDA margin, and raised full-year guidance. Analysts are split, with a consensus target of $245.92, while the stock closed at $220.67.

$RSGMedAI 9/10

Republic Services (RSG) Q2 2026 Earnings Call Transcript

Republic Services (NYSE:RSG) reported Q2 2026 revenue of $4.43B (+4.6% YoY) and adjusted EBITDA of $1.42B (+4.5%). Adjusted EPS was $1.85 (+4.5%). Full-year guidance raised to revenue $17.2B-$17.3B and adjusted EBITDA $5.525B-$5.55B. The company also invested $860M in acquisitions and returned $651M via buybacks.