Billionaire Mario Gabelli’s Top 15 Stock Picks

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12. Republic Services, Inc. (NYSE:RSG)

Number of Hedge Fund Holders: 45

GAMCO Investors’ Stake: $107.7 million

Republic Services, Inc. (NYSE:RSG) provides non-hazardous solid waste collection, transfer, and disposal services for commercial, industrial, municipal, and residential customers. There are several compelling factors that make this company a strong investment. Firstly, the report for the third quarter of 2024 portrays a compelling picture of the company’s financial growth. The total revenue growth of 6.5% includes 4.2% organic growth and 2.3% growth from acquisitions. Third quarter core price on total revenue increased revenue by 6.2%. Core price on related business revenue increased revenue by 7.4%, which consisted of 9.1% in the open market and 4.8% in the restricted portion of the business. Secondly, Republic Services expects to invest at least $500 million in acquisitions, significantly lower than the $1.8 billion invested in 2023.

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