What smart money is saying about Republic Services, Inc.
2 funds in our archive have pitched Republic Services, Inc. — most recently The London Company Large Cap Strategy in June 2026.
Republic Services, Inc., along with its subsidiaries, delivers comprehensive environmental services across the United States. The company specializes in the collection and processing of recyclable materials, alongside the gathering, transfer, and responsible disposal of non-hazardous solid waste, in addition to other environmental solutions. Its collection activities encompass curbside pickups, facilitating transport to transfer stations, landfills, or recycling facilities; the provision of waste and recycling containers; and compactor rentals. Beyond collection, Republic Services engages in the processing and sale of commodities such as old corrugated containers, newsprint, aluminum, and glass. The company also operates landfill and transfer services, manages the disposal of non-hazardous solid and liquid industrial waste, and provides on-site logistics and transportation. Serving a broad customer base, including residential, small-container, and large-container clients, Republic Services maintains a vast operational footprint. As of December 31, 2021, this included 356 collection operations, 239 transfer stations, 198 active landfills, 71 recycling processing centers, 6 saltwater disposal wells, 7 deep injection wells, and 3 treatment, recovery, and disposal facilities across 41 states. Furthermore, it oversees 77 landfill gas-to-energy and renewable energy projects and manages 124 closed landfills. The company, founded in 1996, is headquartered in Phoenix, Arizona.
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Position history
Between Q4 2025 and Q2 2026, 1 fund letter reported a position in Republic Services, Inc. — 1 opened or added to the position.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 1 | 1 | 0 | 1 |
| Q4 2025 | 0 | 0 | 0 | 1 |
Fund activity · 1 position · 1 move
- June 2026
“Top 3 Detractors from Relative Performance Republic Services, Inc. (RSG) – RSG declined despite another solid quarter as softer Environmental Solutions results and continued weakness in construction-related volumes weighed on investor sentiment. Core fundamentals remain strong, with pricing continuing to outpace inflation, early signs of volume stabilization, and structural margin expansion supported by productivity initiatives. We remain confident in RSG’s disciplined capital allocation, favorable landfill dynamics, and long runway for earnings growth. Martin Marietta Materials, Inc. (MLM) – MLM declined as pricing was temporarily impacted by acquisition mix and softer residential and light non-residential construction activity. Underlying demand remains healthy, supported by infrastructure spending, data center development, and a robust acquisition pipeline. We continue to believe MLM’s disciplined capital allocation, leading aggregates franchise, and favorable long-term industry fundamentals position the company to compound earnings over time. TE Connectivity Ltd. (TEL) – TEL underperformed as investors remained cautious on the pace of the automotive recovery and the timing of AI-related revenue growth. Despite these concerns, the company delivered strong organic growth, record orders, and expanding margins, led by its Industrial business. We remain confident that TEL’s market-leading connectivity portfolio, growing AI infrastructure exposure, and disciplined capital allocation position the company for long-term earnings growth. Sector Influence We are bottom-up stock pickers, but sector exposures influenced relative performance as follows: What Helped: Overweight Information Technology (a better performing sector) & underweight Energy (a weaker performing sector) What Hurt: Overweight Materials & Communication Services (two weaker performing sectors) Trades During the Quarter Reduced: Alphabet Inc. (GOOG) – We trimmed our largest position on strength and to comply with our stated 10% position limits. Increased: Republic Services, Inc. (RSG) – Addition reflects an attractive opportunity to increase our exposure in a defensive company with a resilient business model.”
Republic Services, Inc.
Fund coverage · 2 theses
Republic Services offers a defensive, high-quality waste business with pricing power, margin expansion, stable cash flow, and attractive valuation.
Read the full thesis- The London Company Large CapDecember 2025
Republic Services, Inc. offers a defensive, essential waste management model with pricing power, margin strength, stable cash flows, and insider buying supporting attractive valuation.
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