Is it a good time to buy some more Republic Services, Inc. (NYSE:RSG) shares? The managers of Bill Gates’ Cascade Investment LLC seem to think so. According to a recent Form 4 filing with the Securities and Exchange Commission, Cascade has acquired 255,730 shares in one transaction at a price of $37.22 per unit. Following this move, the fund has taken its stake in Republic Services, Inc. (NYSE:RSG) to 93.65 million shares.
Hedge fund gurus have different opinions with regard to Republic Services, Inc. (NYSE:RSG). Jim Simons is optimistic about the prospects of the company and has boosted his fund’s investment by 147% during the first quarter of this year. Renaissance Technologies reported ownership of a little over 821,200 shares in its latest 13F filing. Mario Gabelli and David E. Shaw have, on the other hand, chosen to reduce their exposure to the stock. Gabelli’s GAMCO Investors has trimmed its stake by 3% to 2.56 million shares during the same period of time. D E Shaw has reported a reduction of 5% in its investment in Republic Services, Inc. (NYSE:RSG) for the first quarter, retaining 2.19 million shares.