Republic Services, Inc. $RSG Stock: Penobscot Investment Management Company Inc. Trims Position

Penobscot Investment Management Company Inc. decreased its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 21.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,676 shares of the business services provider’s stock after selling 3,896 shares during the period. Penobscot Investment Management Company Inc.’s holdings in Republic Services were worth $3,080,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Bell Investment Advisors Inc purchased a new position in shares of Republic Services during the second quarter valued at approximately $25,000. Edmond DE Rothschild Holding S.A. purchased a new stake in Republic Services in the second quarter worth $27,000. Compass Financial Management LLC purchased a new stake in Republic Services in the second quarter worth $27,000. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in Republic Services by 47.3% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 162 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 52 shares in the last quarter. Finally, SJS Investment Consulting Inc. boosted its holdings in Republic Services by 78.5% in the first quarter. SJS Investment Consulting Inc. now owns 232 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Stock Down 2.4%

Shares of RSG stock opened at $235.43 on Wednesday. The business’s fifty day moving average is $221.35 and its 200 day moving average is $216.41. The stock has a market cap of $72.09 billion, a price-to-earnings ratio of 33.35 and a beta of 0.39. Republic Services, Inc. has a twelve month low of $196.41 and a twelve month high of $243.22.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, beating the consensus estimate of $1.81 by $0.04. The firm had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.36 billion. During the same period in the prior year, the business posted $1.77 EPS. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Equities research analysts expect that Republic Services, Inc. will post 7.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on RSG shares. Wolfe Research started coverage on shares of Republic Services in a research report on Tuesday, September 15th. They set a “peer perform” rating on the stock. The Goldman Sachs Group cut their target price on shares of Republic Services from $256.00 to $246.00 and set a “buy” rating on the stock in a research note on Friday, October 2nd. Weiss Ratings upgraded shares of Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. Canadian Imperial Bank of Commerce decreased their price target on shares of Republic Services from $249.00 to $240.00 and set an “outperform” rating for the company in a research note on Thursday, October 8th. Finally, Barclays raised their price objective on shares of Republic Services from $233.00 to $240.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $243.73.

Insiders Place Their Bets

In other Republic Services news, major shareholder Cascade Investment, L.L.C. bought 324,810 shares of the firm’s stock in a transaction on Friday, September 11th. The stock was acquired at an average price of $222.89 per share, with a total value of $72,396,900.90. Following the completion of the purchase, the insider owned 117,058,444 shares of the company’s stock, valued at approximately $26,091,156,583.16. This trade represents a 0.28% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have bought a total of 6,254,462 shares of company stock valued at $1,380,321,958 in the last 90 days. 0.12% of the stock is currently owned by corporate insiders.

Republic Services Company Profile

Republic Services, Inc is an environmental services company that provides waste collection, recycling and disposal solutions for residential, commercial, industrial and municipal customers. Its services include curbside collection, dumpster and roll-off container services, transfer station operations, landfill management and recycling processing.

The company also provides specialized environmental services, including hazardous waste management, emergency response, remediation and other sustainability-related solutions for businesses and government organizations.