Bill Gates’ Buying Spree of Republic Services, Inc. (RSG) Stock

For the past week, Bill Gates‘ investment arm, Cascade Investment has been consistently reporting acquiring more shares of Republic Services, Inc. (NYSE:RSG). Overall, since June 12, in several Form 4 filings, Cascade reported the acquisition of an aggregate amount of around 1.58 million shares, at prices ranging between approximately $36.60 and $37.20 apiece. According to the latest filing, Cascade currently holds directly 91.21 million shares of Republic Services, which account for 25.60% of the company’s outstanding common stock.

Republic Services, Inc. (NYSE:RSG) is a $13.30 billion market cap company engaged in the domestic non-hazardous solid waste industry. For the first quarter of the year, the company reported a solid increase in EPS to $0.37 from $0.34 a year ago. Aside from Cascade Investment, Bill and Melinda Gates Foundation Trust, where Mr. Gates is a trustee, has also disclosed ownership of 1.35 million shares of Republic Services, Inc. (NYSE:RSG).

Disclosure: none

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