Cascade Investment buys Republic Services stock over four sessions, citing strong margins and cash flow growth amid Wall Street’s split ratings.
Cascade Investment, which manages Bill Gates’s personal fortune, purchased Republic Services (RSG) shares across four consecutive trading sessions, targeting prices between $213.70 and $217.18. The firm, a 10% owner of the waste hauler, executed multiple daily trades during periods of price weakness, including 157,096 shares at $215.6991.
Republic Services reported 32% EBITDA margins, a raised quarterly dividend to $0.67, and 17% free cash flow growth, aligning with Cascade’s strategy for low-volatility compounders. Despite these fundamentals, Wall Street remains evenly split between Hold and Buy ratings on RSG, with retail investors entering at higher prices.
The accumulation reflects Cascade’s long-term confidence in RSG’s financial performance, though the stock was excluded from a recent list of top AI-related equities by a prominent analyst.