Bill Gates' Cascade Investment Buys $129M in Republic Services Stock
Cascade Investment, the investment vehicle of Bill Gates, has purchased approximately 580,710 shares of Republic Services Inc. (NYSE: RSG) for about $129.3 million in mid-September 2026. The acquisition occurred across multiple trading sessions at an average price between $222 and $223 per share. This move aligns with the defensive nature of the waste management sector, which benefits from inflation-linked pricing structures and stable cash flows due to long-term municipal contracts. Republic Services has demonstrated financial resilience through adjusted earnings per share (EPS) of $1.85 and 4.6% year-over-year revenue growth. The company's business model includes exclusive multi-year contracts with municipalities that adjust prices based on the Consumer Price Index or specialized waste indexes, offering protection against inflationary pressures. Additionally, Republic Services has lower debt leverage and higher margins compared to Waste Management (WM), while both companies offer dividends and similar analyst upside targets. Institutional investors such as the California State Teachers' Retirement System and BlackRock also hold significant stakes in RSG, reinforcing confidence in its long-term value proposition.
Topics: Bill Gates Dividend Stocks Republic Services Stock Market Waste Management