$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.

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.