Republic Services Pick of the Week at Smart Insider Following Share Purchases by Cascade Investments
Republic Services (RSG) was Smart Insider's stock pick of the week after Cascade Investments, whose sole member is William Gates III, purchased another $100 million worth of stock on May 18 at $208.69 per share, following a similar purchase on May 13 at $201.40.Cascade Investments now owns about 36% of the company, Smart Insider said in a Tuesday note.The investment firm has two board representatives at Republic Services: Thomas W. Handley, a director since 2016, and Michael Larson, a director since 2009, according to Smart Insider.Smart Insider said Cascade's track record in the stock has been "excellent" since its first disclosed purchase at $8 per share in 2002. The latest transactions are its largest purchases to date and were made into long-term share price strength, according to the note.The firm's previous large purchase came in February 2022, when it spent $116 million at $117 per share, which Smart Insider said: "proved to be timely."Smart Insider said it ranked the stock +N, or notable & positive signal, in August 2025 following a smaller $1 million purchase at $235 per share that "wasn't timely."Smart Insider upgraded Republic Services to +1, indicating a strong positive signal.Price: $207.54, Change: $-1.37, Percent Change: -0.65%