Lakeview Capital Partners Lowers stake in Republic Services (RSG)

Republic Services (RSG) : Lakeview Capital Partners reduced its stake in Republic Services by 0.86% during the most recent quarter end. The investment management company now holds a total of 18,933 shares of Republic Services which is valued at $979,025 after selling 164 shares in Republic Services , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Republic Services makes up approximately 0.57% of Lakeview Capital Partners’s portfolio.

Other Hedge Funds, Including , Aston Asset Management sold out all of its stake in RSG during the most recent quarter. The investment firm sold 21,453 shares of RSG which is valued $1,109,335.Advantus Capital Management Inc boosted its stake in RSG in the latest quarter, The investment management firm added 231 additional shares and now holds a total of 23,104 shares of Republic Services which is valued at $1,194,708. Republic Services makes up approx 0.03% of Advantus Capital Management Inc’s portfolio.Princeton Alpha Management Lp reduced its stake in RSG by selling 32,016 shares or 73.26% in the most recent quarter. The Hedge Fund company now holds 11,686 shares of RSG which is valued at $597,271. Republic Services makes up approx 0.10% of Princeton Alpha Management Lp’s portfolio.Bbva Compass Bancshares Inc reduced its stake in RSG by selling 2,310 shares or 7.82% in the most recent quarter. The Hedge Fund company now holds 27,234 shares of RSG which is valued at $1,396,015. Republic Services makes up approx 0.10% of Bbva Compass Bancshares Inc’s portfolio.

Republic Services closed down -0.01 points or -0.02% at $51.28 with 9,19,151 shares getting traded on Tuesday. Post opening the session at $51.29, the shares hit an intraday low of $51.14 and an intraday high of $51.44 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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