This is a strong bullish signal from a 10% owner deploying significant capital. Traders should monitor for any upcoming corporate announcements (earnings, M&A, or strategic updates) that may have prompted this conviction buy. The stock's recent insider accumulation pattern suggests management/owners see material upside. Consider accumulating on any weakness.
Price Chart
Executive Summary
Cascade Investment, L.L.C., a 10% owner of Republic Services, executed a massive open-market purchase of ~1.7M shares worth approximately $370.5M over a 7-day window (Sep 1-8, 2026). This represents about 0.54% of the company's $68.1B market cap, a highly material conviction buy from the largest insider, signaling strong confidence in the company's near-term prospects. The purchase is amplified by the cross-filing context showing a cluster of buys from the same entity, and the historical calibration supports a bullish read given the magnitude and insider type.
Key Financial Metrics
Key Facts
- Cascade Investment, L.L.C. (10% Owner) purchased ~1.7M shares of RSG for ~$370.5M in open-market transactions from Sep 1-8, 2026.
- The total purchase value represents ~0.54% of RSG's $68.1B market cap, a significant and highly material insider buy.
- This is a solitary conviction buy from a single 10% owner, but the cross-filing context confirms a cluster of 6 trades from the same entity within a 7-day window, amplifying the signal.
- The purchase price range was $220.37 to $225.35 per share, near the current stock price.
- Recent insider activity (30d) shows 10 buys totaling $258.8M, indicating sustained insider accumulation.
Financial Impact
~$370.5M open-market purchase by a 10% owner, representing ~0.54% of market cap
Risk Factors
- The purchase is from a single 10% owner (Cascade Investment), not C-suite executives, which may carry slightly less informational weight than a CEO/CFO buy.
- The historical calibration shows that for this filing type, score-7 reports have a 43% observed probability of up-moves at T+20, with a negative net alpha, suggesting some risk of over-scoring.
- No specific catalyst is identified; the buy could be based on long-term fundamental views rather than near-term events.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| INSIDER-BUY Data (Synthetic) | 0001104659-26-106713 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 17d ago | Insider Buy | $223.04 $213.88 | ▼ −4.11% | ▼ −6.23% | $208.98 (−6.30%) |
Sep 10, 2026 22d ago | Insider Buy | $221.08 $218.93 | ▼ −0.97% | ▼ −0.47% | $208.98 (−5.47%) |
Sep 3, 2026 29d ago | Insider Buy | $225.12 $222.74 | ▼ −1.06% | ▲ +0.09% | $208.98 (−7.17%) |
Sep 1, 2026 4w ago | Insider Buy | $223.29 $222.47 | ▼ −0.37% | ▼ −0.45% | $208.98 (−6.41%) |
Aug 28, 2026 4w ago | Insider Buy | $220.92 $221.63 | ▲ +0.32% | ▲ +0.46% | $208.98 (−5.40%) |
Aug 24, 2026 5w ago | Insider Buy | $223.08 $220.92 | ▼ −0.97% | ▼ −1.44% | $208.98 (−6.32%) |
Aug 20, 2026 6w ago | Insider Buy | $219.50 $219.27 | ▼ −0.10% | ▼ −1.22% | $208.98 (−4.79%) |
Aug 18, 2026 6w ago | Insider Buy | $216.97 $220.96 | ▲ +1.84% | ▲ +2.04% | $208.98 (−3.68%) |
Aug 14, 2026 6w ago | Insider Buy | $215.26 $223.08 | ▲ +3.63% | ▲ +4.82% | $208.98 (−2.92%) |
Aug 12, 2026 7w ago | Insider Buy | $214.26 $221.04 | ▲ +3.16% | ▲ +3.61% | $208.98 (−2.46%) |
US Market Status
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