Republic Services, IncNYSE: RSG
Industrials · Environmental & Facilities Services
$208.55
+0.22%
Vol: 83K
Research Digest
Monday, June 15, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 14Republic Services director Sandra Volpe sold roughly $380K of stock on June 12, per an SEC filing.Neutral▶
An SEC filing disclosed that Republic Services director Sandra Volpe sold about $380,000 worth of company stock on June 12, 2026. The transaction is a routine insider sale and is the only dated, material disclosure within the last 48 hours; the stock was roughly flat to slightly up on the day around $212.59. Insider sales by a single director are generally not strong directional signals and can reflect personal liquidity needs rather than a view on fundamentals. Context is otherwise a Q1 2026 beat (net income $525M, or $1.70/share, on $4.1B revenue, up 2.6% YoY, driven by 5.7% pricing) but flat volumes and a stock down YTD. The bear case is that growth is increasingly price-led with sluggish underlying volumes, and recent analyst price-target trims in May 2026 reflect that caution.
May 21Bill Gates' Cascade Investment buys $101.8M of Republic Services stock between May 14-18, signaling vote of confidence after solid Q1.Positive▶
William H. Gates III's Cascade Investment acquired 486,000 shares of Republic Services for approximately $101.8 million between May 14-18, 2026, including a single 307,505-share purchase on May 14 at an average $207.68. The accumulation follows strong Q1 2026 results released May 7, with adjusted EPS of $1.70 (up 7.6% YoY) beating estimates and revenue of $4.11 billion up 2.6%, driven by 5.7% pricing growth despite a 0.8% volume dip. Republic invested $433 million in the quarter (over $700 million YTD on acquisitions), opened a Colorado organics transfer station, and upgraded a Massachusetts recycling center. Management said AI-driven pricing and routing tools should deliver at least $100 million in annual benefits by 2028. The fleet now has 200+ electric collection vehicles with a year-end target of 300+.
May 20Bill Gates' Cascade Investment disclosed a $101.8M Republic Services purchase, with Cascade buying 307,505 shares on May 14 as insider buying continued through May 18.Positive▶
Cascade Investment, controlled by Bill Gates, acquired 307,505 shares of Republic Services on May 14, 2026, in a transaction valued at approximately $101.8 million. The buying activity extended through mid-May with total acquisitions reaching 499,150 shares at weighted-average prices near $197-$204. The insider purchases follow Republic Services' strong Q1 2026 results, which included a 5.7% price hike, $4.11B in revenue, and adjusted EPS of $1.70. Management plans to invest over $1 billion in acquisitions this year and expects $100 million in annual technology-driven benefits by 2028. The Gates-related buying signals confidence in the company's pricing power and waste-to-energy transition.
May 19No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 18Cascade Investment buys $100M+ in Republic Services shares on May 11-13 following strong Q1 results.Positive▶
Republic Services reported Q1 2026 net income of $525M ($1.70 per diluted share) versus $495M ($1.58) a year earlier, on revenue of $4.11B, with adjusted EPS of $1.70 up 7.6% YoY beating estimates. The board declared a $0.625 quarterly dividend payable July 15 to shareholders of record July 2. Cascade Investment and William H. Gates III purchased 499,150 shares on May 11-13 at weighted-average prices of $197-$204, with an additional 55,000-share buy at $201.78 on May 12 valued at $11.1M. The May 7 annual meeting elected all director nominees with 261M+ votes each. Republic invested $700M in acquisitions YTD and expects to surpass $1B for the year, while opening a Colorado organics transfer station and an upgraded 54,000 sq ft Massachusetts recycling center. Shares hit a daily high of $211.33 on May 18.
May 15Cascade Investment (Bill Gates) bought 499,150 Republic Services shares for over $100M between May 11-13 at $197-$204; Argus downgraded to Hold.Positive▶
Cascade Investment and William H. Gates III disclosed purchases of 499,150 Republic Services shares between May 11-13, 2026, at weighted-average prices ranging from $197.18 to $203.67, totaling over $100 million. The buying came after Q1 2026 results showing revenue of $4.11 billion and adjusted EPS of $1.70, with adjusted EBITDA margin expanding 50 basis points. Republic invested over $700 million in acquisitions YTD and expects to surpass $1 billion. The Board declared a $0.625 quarterly dividend payable July 15, 2026. Argus downgraded RSG to Hold from Buy citing underperformance vs. the S&P 500. Republic also opened an organics transfer station in Colorado and upgraded a Massachusetts recycling center.
May 14Republic Services raised dividend and reported Q1 2026 EPS of $1.70 on strong pricing and margin expansionPositive▶
Republic Services reported Q1 2026 net income of $525 million ($1.70 EPS), up from $1.58 a year ago, with revenue of $4.11 billion and adjusted EBITDA margin expanding 50 bps. Core pricing added 5.7% and the company spent $433M on acquisitions while returning $507M to shareholders. The board declared a $0.625 quarterly dividend payable July 15 and shareholders approved all director nominees on May 7. Management is on pace to surpass $1 billion in acquisitions this year and is advancing renewable natural gas projects. Environmental Solutions organic revenue declined on the absence of a prior-year emergency response project, presenting a near-term volume risk. Overall, disciplined pricing and tech investments continue to offset flat volumes.
May 13No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 12Republic Services hits new 52-week low after Argus downgrade despite Q1 EPS beat of $1.70 vs $1.64 estimateMixed▶
Republic Services hit a new 52-week low on Tuesday after Argus downgraded the stock from Buy to Hold, even though Q1 2026 results showed adjusted EPS of $1.70 (beating $1.64 consensus by $0.06) and revenue of $4.11 billion. Net income rose to $525 million from $495 million a year earlier, with adjusted EBITDA of $1.32 billion and 50 bps of margin expansion. The board declared a regular quarterly dividend of $0.625 per share payable July 15. The company has invested over $700 million in acquisitions year-to-date, targeting more than $1 billion for the full year, while advancing renewable natural gas projects and opening new recycling capacity in Massachusetts and Colorado.
May 11Republic Services Q1 EPS beat at $1.70 vs $1.64 estimate but revenue of $4.11B missed $4.14B target, sending shares lower.Mixed▶
Republic Services reported Q1 2026 net income of $525M ($1.70 per diluted share) vs $495M ($1.58) prior year, beating EPS estimates by 3.8% on revenue up 2.6% to $4.11B (just below $4.14B consensus). Adjusted EBITDA reached $1.32B with 50 bps margin expansion driven by 5.7% core pricing. On May 5, the Board declared a quarterly dividend of $0.625 per share payable July 15. The company has invested over $700M in acquisitions YTD and expects to surpass $1B for 2026. Shares fell ~7.8% over the past four weeks on softer volumes and delayed environmental project starts. Risk: persistent volume softness and commodity price pressure could keep multiples compressed.
May 8Republic Services Q1 2026 earnings beat: $1.70 EPS (+7.6% YoY), $4.11B revenue; EBITDA margin +50 bpsPositive▶
Republic Services reported strong Q1 2026 with $525M net income and $1.70 EPS (3.8% above consensus), revenue $4.113B (+2.6% YoY). Organic waste growth 2.8% with core pricing +5.7%. Adjusted EBITDA $1.32B with 50 bps margin expansion; free cash flow $984M. Board declared $0.625/share dividend for July payment. CEO Jon Vander Ark stated company is on track for full-year objectives with disciplined pricing and cost management.
May 6Republic Services reports Q1 2026 earnings on May 7 with strong 2025 results; board appoints Ian CraigPositive▶
Republic Services delivered 3.5% revenue growth and 90 bps margin expansion in 2025. The company reported Q4 EPS of $1.76 with 50 bps net income margin expansion and 30 bps EBITDA margin expansion. Upcoming Q1 2026 earnings release on May 7 after market close will be closely watched. The company achieved fourth best annual net income in its 120-year history with 7% adjusted EBITDA growth. RBC Capital and BMO Capital issued buy ratings in mid-April. Recent initiatives include California's first fully electric residential recycling collection fleet and opening of upgraded Peabody Recycling Center.
May 5Republic Services acquires Robinson Waste in Utah with FTC clearance and announces electric fleet deploymentPositive▶
Republic Services received US Federal Trade Commission clearance on April 28 to acquire Robinson Waste Services, a Utah hauler serving Salt Lake City metro area. Company announced partnership with City of San Pablo for California's first fully electric residential recycling collection fleet rollout in April 2026. FY2025 results showed 2.2% Q4 revenue growth and 3.5% full-year growth with net income of $2.14 billion (up from $2.04 billion in 2024). Invested $1.1 billion in acquisitions in 2025 with ~$1 billion planned for 2026. Named one of World's Most Admired Companies for fifth time by Fortune. Board appointed Ian Craig as director.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| WMWASTE | $217.69 | -0.03% | -2.2% | 23.6x | 0.49 | $87.4B |
| RSGREPUBLIC | $208.55 | +0.22% | -3.0% | 25.8x | 0.44 | $64.0B |
| ROLROLLINS | $47.17 | -11.04% | -2.9% | 37.9x | 0.79 | $25.5B |
| VLTOVERALTO | $84.20 | -2.05% | -0.9% | 18.5x | 0.93 | $21.1B |
| CATCATERPILLAR | $933.44 | +7.79% | +0.2% | 29.1x | 1.63 | $398.8B |
| GEGENERAL | $346.55 | +14.84% | +5.5% | 34.8x | 1.35 | $315.3B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price below 200d MA — bearish structure.