Lee Danner Bass Inc Lowers stake in Republic Services (RSG)

Republic Services (RSG) : Lee Danner Bass Inc reduced its stake in Republic Services by 0.24% during the most recent quarter end. The investment management company now holds a total of 125,422 shares of Republic Services which is valued at $6,367,675 after selling 300 shares in Republic Services , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Republic Services makes up approximately 0.77% of Lee Danner Bass Inc’s portfolio.

Other Hedge Funds, Including , Oregon Public Employees Retirement Fund reduced its stake in RSG by selling 2,735 shares or 5.22% in the most recent quarter. The Hedge Fund company now holds 49,688 shares of RSG which is valued at $2,522,660. Republic Services makes up approx 0.05% of Oregon Public Employees Retirement Fund’s portfolio.Smithfield Trust Co reduced its stake in RSG by selling 190 shares or 0.81% in the most recent quarter. The Hedge Fund company now holds 23,322 shares of RSG which is valued at $1,195,486. Republic Services makes up approx 0.22% of Smithfield Trust Co’s portfolio.Baker Ellis Asset Management reduced its stake in RSG by selling 600 shares or 1.36% in the most recent quarter. The Hedge Fund company now holds 43,456 shares of RSG which is valued at $2,227,555. Republic Services makes up approx 0.68% of Baker Ellis Asset Management’s portfolio.Tiaa Cref Trust Co Fsbmo reduced its stake in RSG by selling 12,674 shares or 20.5% in the most recent quarter. The Hedge Fund company now holds 49,149 shares of RSG which is valued at $2,574,916. Republic Services makes up approx 0.02% of Tiaa Cref Trust Co Fsbmo’s portfolio.

Republic Services closed down -0.25 points or -0.49% at $50.86 with 16,72,855 shares getting traded on Monday. Post opening the session at $51.2, the shares hit an intraday low of $50.79 and an intraday high of $51.26 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Republic Services reported $0.55 EPS for the quarter, based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus estimate of $0.55. The company had revenue of $2350.70 million for the quarter, compared to analysts expectations of $2375.07 million. The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS.

Investors should note that on Jul 28, 2016, Republic Services announced a cash dividend of $0.3200. The company’s management has announced Sep 29, 2016 as the ex-dividend date and fixed the record date on Oct 3, 2016. The payable date has been fixed on Oct 14, 2016.

Many Wall Street Analysts have commented on Republic Services. Company shares were Reiterated by Imperial Capital on Aug 2, 2016 to “Outperform”, Firm has raised the Price Target to $ 58 from a previous price target of $52 .

Republic Services Inc. is a provider of services in the domestic non-hazardous solid waste services industry. The Company provides non-hazardous solid waste collection services for commercial industrial municipal and residential customers. The Company operates three geographic operating regions that are also its segments: East Central and West. Each region is organized into several areas and each area contains multiple business units or operating locations. The Company has approximately 340 collection operations owned or operated 198 transfer stations 189 active solid waste landfills and 60 recycling centers. It also operates approximately 72 landfill gas and renewable energy projects. The Company operates in 39 states and Puerto Rico. The Company provides collection transfer recycling and landfill services in all its regions.

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