Rational Advisors Lowers stake in Republic Services (RSG)

Republic Services (RSG) : Rational Advisors reduced its stake in Republic Services by 14.49% during the most recent quarter end. The investment management company now holds a total of 29,500 shares of Republic Services which is valued at $1,525,445 after selling 5,000 shares in Republic Services , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Republic Services makes up approximately 1.05% of Rational Advisors’s portfolio.

Other Hedge Funds, Including , Highlander Capital Management reduced its stake in RSG by selling 300 shares or 0.92% in the most recent quarter. The Hedge Fund company now holds 32,400 shares of RSG which is valued at $1,675,404. Republic Services makes up approx 1.66% of Highlander Capital Management’s portfolio.Commerce Bank boosted its stake in RSG in the latest quarter, The investment management firm added 13 additional shares and now holds a total of 35,881 shares of Republic Services which is valued at $1,858,995. Republic Services makes up approx 0.03% of Commerce Bank’s portfolio.Tocqueville Asset Management reduced its stake in RSG by selling 27,697 shares or 7.47% in the most recent quarter. The Hedge Fund company now holds 343,150 shares of RSG which is valued at $17,589,869. Republic Services makes up approx 0.22% of Tocqueville Asset Management’s portfolio.Strs Ohio reduced its stake in RSG by selling 1,849 shares or 3.34% in the most recent quarter. The Hedge Fund company now holds 53,568 shares of RSG which is valued at $2,768,930. Republic Services makes up approx 0.01% of Strs Ohio’s portfolio.Cibc World Markets reduced its stake in RSG by selling 12,969 shares or 37.14% in the most recent quarter. The Hedge Fund company now holds 21,952 shares of RSG which is valued at $1,150,065.

Republic Services opened for trading at $50.98 and hit $51.2 on the upside on Friday, eventually ending the session at $51.2, with a gain of 0.20% or 0.1 points. The heightened volatility saw the trading volume jump to 11,61,839 shares. Company has a market cap of $17,554 M.

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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