RSG REPUBLIC SERVICES, INC.
Price Chart
Executive Summary
A mixed insider cluster at Republic Services shows a 10% owner (Cascade Investment) buying $6.0M worth of shares, while CAO Elyse Carlsen sold $48K in a routine tax-related transaction. The buying follows a solid Q1 earnings beat (EPS $1.70 vs $1.58 YoY, +7.6%) and a 50bps EBITDA margin expansion. The $6.0M buy is modest relative to RSG's $66.1B market cap (0.009%), but Cascade's open-market accumulation is notable given the company's strong operational momentum and consistent capital returns.
Key Financial Metrics
Actionable Insight
Cascade's $6.0M buy at ~$208 is a modest but clear vote of confidence from a major 10% owner. The Q1 beat and margin expansion support the bullish thesis. Monitor for any follow-on buying from Cascade or other insiders; the next catalyst is likely the Q2 earnings report in late July. The stock's 61% analyst bullish consensus and strong free cash flow generation provide a favorable backdrop.
Key Facts
- Cascade Investment (10% owner) purchased 28,786 shares total ($6.0M) on May 15 and May 18 at ~$208 average price
- CAO Elyse Carlsen sold 221 shares ($48K) on May 19 — a routine, small-dollar sale likely for tax purposes
- RSG reported Q1 2026 EPS of $1.70 (+7.6% YoY), revenue of $4.11B (+2.6% YoY), and adjusted EBITDA margin expansion of 50bps to 32.1%
- Company generated $1.23B in operating cash flow and $984M in adjusted free cash flow in Q1
- RSG returned $507M to shareholders in Q1 via $314M in buybacks and $193M in dividends
- Cascade's buy represents 0.009% of RSG's $66.1B market cap — modest but directionally positive from a major shareholder
Financial Impact
Cascade Investment's $6.0M open-market purchase is small relative to market cap but signals insider confidence; Q1 EPS beat by $0.12 vs prior year and EBITDA margin expanded 50bps
Risk Factors
- Insider buying is small relative to market cap — may not move the stock
- Historical calibration shows prior bullish calls on RSG underperformed at T+20 (avg alpha -8.67%)
- Recycled commodity prices declined $35/ton YoY, pressuring recycling segment margins
- CAO sale, though small, could indicate personal portfolio rebalancing
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-RSG-1779325787443 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 10, 2026
2d ago
|
ANALYST-DOWNGRADE
| $196.97 awaiting T+5 | awaiting T+5 | — | $209.91 (+6.57%) |
|
May 21, 2026
23d ago
|
Insider Cluster
| $208.09 $200.44 | ▼ −3.68% | ▼ −5.52% | $209.91 (+0.87%) |
|
May 16, 2026
27d ago
|
ANALYST-UPGRADE
| $232.65 $227.58 | ▼ −2.18% | ▲ +1.95% | $209.91 (−9.77%) |
|
May 11, 2026
4w ago
|
ANALYST-DOWNGRADE
| $197.73 $214.52 | ▼ −8.49% | ▼ −8.58% | $209.91 (−6.16%) |
|
Apr 16, 2026
8w ago
|
ANALYST-UPGRADE
| $209.66 $214.04 | ▲ +2.09% | ▲ +1.11% | $209.91 (+0.12%) |
|
Apr 16, 2026
8w ago
|
ANALYST-UPGRADE
| $209.66 $214.04 | ▲ +2.09% | ▲ +1.11% | $209.91 (+0.12%) |
|
Apr 16, 2026
8w ago
|
ANALYST-UPGRADE
| $209.66 $214.04 | ▲ +2.09% | ▲ +1.11% | $209.91 (+0.12%) |
|
Apr 16, 2026
8w ago
|
ANALYST-UPGRADE
| $209.66 $214.04 | ▲ +2.09% | ▲ +1.11% | $209.91 (+0.12%) |
|
Apr 16, 2026
8w ago
|
ANALYST-UPGRADE
| $209.66 $214.04 | ▲ +2.09% | ▲ +1.11% | $209.91 (+0.12%) |
|
Apr 16, 2026
8w ago
|
ANALYST-UPGRADE
| $209.66 $214.04 | ▲ +2.09% | ▲ +1.11% | $209.91 (+0.12%) |
US Market Status
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