Republic Services, Inc. (RSG): The Stake of Bill Gates’ Cascade Investment Tops 24% of the Company

Bill Gates‘ investment arm keeps loading up on Republic Services, Inc. (NYSE:RSG)‘s stock. In a recent filing with the SEC, Cascade Investment revealed acquiring another 31,600 shares of the company, raising its stake to around 100.5 million shares. The stake amasses over 24% of the $14 billion company. In the last increase, Cascade Investment acquired the securities in open market transactions at prices varied between $39.47 and $39.52 per share.

Cascade Investments

Cascade have been acquiring shares of Republic Services, Inc. (NYSE:RSG) for quite some time. Earlier in June the fund owned around 90 million shares, as we reported in an article. Another firm associated with Mr. Gates, which is Bill and Melinda Gates Foundation Trust, where the cofounder of Microsoft Corporation (NASDAQ:MSFT) acts as a trustee, owns around 1.35 million shares of Republic Services, Inc. (NYSE:RSG). Mario Gabelli‘s GAMCO Investors also revealed a stake, which contains some 2.86 million shares of the company, in its latest 13F filing.

Republic Services, Inc. (NYSE:RSG) is engaged in the waste management industry, providing services in the domestic non-hazardous solid waste segment. The company has around 300 collection operations in the US and Puerto Rico. The company has reported a significant improvement in its earnings for the second quarter, declaring a net income of $179 million, or $0.5 per share, up from $56.3 million, or $0.15 per share for the same period of last year.

Republic Services, Inc. (NYSE:RSG)’s stock gained around 18% since the beginning of the year, and sports a P/E of approximately 19.70, which is significantly below the Waste Management industry average of 80.00.

Disclosure: none

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!