Republic Services (RSG) : Dearborn Partners scooped up 11,786 additional shares in Republic Services during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 18, 2016. The investment management firm now holds a total of 394,789 shares of Republic Services which is valued at $20,671,152.Republic Services makes up approximately 1.75% of Dearborn Partners’s portfolio.
Other Hedge Funds, Including , Highland Capital Management reduced its stake in RSG by selling 13,710 shares or 51.4% in the most recent quarter. The Hedge Fund company now holds 12,962 shares of RSG which is valued at $678,690. Republic Services makes up approx 0.06% of Highland Capital Management’s portfolio. Gwm Advisors added RSG to its portfolio by purchasing 10,294 company shares during the most recent quarter which is valued at $536,626. Republic Services makes up approx 0.22% of Gwm Advisors’s portfolio.Fisher Asset Management reduced its stake in RSG by selling 70 shares or 0.17% in the most recent quarter. The Hedge Fund company now holds 40,335 shares of RSG which is valued at $2,116,377.Gulf International Bank (uk) Ltd boosted its stake in RSG in the latest quarter, The investment management firm added 250 additional shares and now holds a total of 72,995 shares of Republic Services which is valued at $3,830,048. Republic Services makes up approx 0.06% of Gulf International Bank (uk) Ltd’s portfolio.
Republic Services opened for trading at $52.27 and hit $52.4 on the upside on Wednesday, eventually ending the session at $52.36, with a gain of 0.11% or 0.06 points. The heightened volatility saw the trading volume jump to 7,18,868 shares. Company has a market cap of $18,007 M.
On the company’s financial health, Republic Services reported $0.48 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.47. The company had revenue of $2248.60 million for the quarter, compared to analysts expectations of $2233.66 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.
Many Wall Street Analysts have commented on Republic Services. Company shares were Upgraded by Barclays on May 3, 2016 to ” Overweight”, Firm has raised the Price Target to $ 52 from a previous price target of $45 .
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.