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

Penobscot Investment Management Company Inc. lessened its stake in Republic Services, Inc. (NYSE:RSG) by 21.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 14,676 shares of the business services provider’s stock after selling 3,896 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in Republic Services were worth $3,080,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Bell Investment Advisors Inc purchased a new stake in Republic Services during the 2nd quarter valued at about $25,000. Edmond DE Rothschild Holding S.A. bought a new stake in Republic Services during the 2nd quarter valued at about $27,000. Compass Financial Management LLC purchased a new position in Republic Services in the second quarter worth about $27,000. Annis Gardner Whiting Capital Advisors LLC raised 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 worth $35,000 after buying an additional 52 shares during the last quarter. Finally, SJS Investment Consulting Inc. lifted its stake in shares of Republic Services by 78.5% in the first quarter. SJS Investment Consulting Inc. now owns 232 shares of the business services provider’s stock worth $51,000 after buying an additional 102 shares in the last quarter. Institutional investors own 57.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Barclays increased their price target on shares of Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Weiss Ratings upgraded shares of Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 21st. Deutsche Bank Aktiengesellschaft lowered their price objective on Republic Services from $270.00 to $258.00 in a research report on Friday, October 9th. Morgan Stanley cut their target price on Republic Services from $232.00 to $219.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 13th. Finally, Sanford C. Bernstein increased their target price on Republic Services from $220.00 to $227.00 and gave the company a “market perform” rating in a research note on Monday, August 10th. Thirteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $243.73.

Republic Services Stock Performance

Shares of NYSE:RSG opened at $235.43 on Wednesday. The firm has a market cap of $72.09 billion, a price-to-earnings ratio of 33.35 and a beta of 0.39. The business has a 50-day simple moving average of $221.35 and a two-hundred day simple moving average of $216.41. Republic Services, Inc. has a fifty-two week low of $196.41 and a fifty-two week high of $243.22.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.04. The company had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.36 billion. During the same period in the previous year, the business earned $1.77 EPS. The business’s 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. As a group, research analysts predict that Republic Services, Inc. will post 7.26 earnings per share for the current year.

Insider Buying and Selling at Republic Services

In related news, major shareholder Cascade Investment, L.L.C. acquired 409,500 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were bought at an average price of $221.49 per share, for a total transaction of $90,700,155.00. Following the completion of the transaction, the insider directly owned 116,166,330 shares in the company, valued at approximately $25,729,680,431.70. This trade represents a 0.35% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have purchased 6,254,462 shares of company stock worth $1,380,321,958 over the last three months. 0.12% of the stock is owned by insiders.

Republic Services 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.