Republic Services (RSG) : Eqis Capital Management reduced its stake in Republic Services by 6.16% during the most recent quarter end. The investment management company now holds a total of 105,459 shares of Republic Services which is valued at $5,497,578 after selling 6,921 shares in Republic Services , the firm said in a disclosure report filed with the SEC on Jul 14, 2016.Republic Services makes up approximately 0.36% of Eqis Capital Management’s portfolio.
Other Hedge Funds, Including , Dnb Asset Management As boosted its stake in RSG in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 22,783 shares of Republic Services which is valued at $1,197,474. Republic Services makes up approx 0.02% of Dnb Asset Management As’s portfolio.Chevy Chase Trust Holdings boosted its stake in RSG in the latest quarter, The investment management firm added 1,921 additional shares and now holds a total of 203,132 shares of Republic Services which is valued at $10,676,618. Republic Services makes up approx 0.06% of Chevy Chase Trust Holdings’s portfolio.Patten Patten Inctn reduced its stake in RSG by selling 1,456 shares or 6.98% in the most recent quarter. The Hedge Fund company now holds 19,389 shares of RSG which is valued at $1,019,086. Republic Services makes up approx 0.14% of Patten Patten Inctn’s portfolio.
Republic Services closed down -0.22 points or -0.42% at $52.13 with 7,99,062 shares getting traded on Monday. Post opening the session at $52.44, the shares hit an intraday low of $52.06 and an intraday high of $52.65 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 $0.48 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.