Cascade Investment, L.L.C., which holds a 10% stake and is a director of Republic Services, Inc. (NASDAQ: RSG), recently acquired 580,710 shares of common stock for a total of approximately $129.3 million. The transactions took place on September 10 and 11, 2026, with weighted average prices ranging from $221.5189 to $224.1058 per share.
The purchases were made through several trades on both days. On September 10, Cascade Investment acquired 255,900 shares, and on September 11, 324,810 shares. Following the completion of the transactions, Cascade Investment directly owns 117,058,444 shares of common stock in Republic Services. Such significant investments come amid Republic Services' market capitalization of $68.2 billion and a P/E ratio of 32. According to InvestingPro's analysis, the shares currently appear overvalued relative to fair value assessment. Meanwhile, RSG has paid dividends for 24 consecutive years and is a leading player in the commercial services and goods sector.
Among other recent events: Republic Services reported second-quarter 2026 financial results that exceeded expectations. The company announced adjusted earnings of $1.85 per share, surpassing analysts' forecast of $1.82. Revenue was $4.43 billion, exceeding the expected $4.36 billion. Additionally, the company raised its guidance for the entire year of 2026. These events occur against a backdrop of mixed volume dynamics and a cautious short-term margin outlook. Despite these challenges, the earnings beat reflects Republic Services' resilience in the current market conditions.
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