Pensionfund Sabic Exits Position in Republic Services (RSG)

Republic Services (RSG) : Pensionfund Sabic has sold out all of its stake in Republic Services during the most recent quarter, according to a report filed by the company on Apr 4, 2016 with the SEC. The investment management company has sold out 33,000 shares of Republic Services which is valued at $1.5 Million.

Other Hedge Funds, Including , Pensionfund Dsm Netherlands sold out all of its stake in RSG during the most recent quarter. The investment firm sold 67,000 shares of RSG which is valued $3.1 Million.

On the company’s financial health, Republic Services reported $0.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 11, 2016. Analyst had a consensus of $0.49. The company had revenue of $2290.20 million for the quarter, compared to analysts expectations of $2297.86 million. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.

Many Wall Street Analysts have commented on Republic Services. Company shares were Reiterated by First Analysis Sec on Apr 7, 2016 to “Equal-Weight”, Firm has raised the Price Target to $ 49 from a previous price target of $47 .Republic Services was Initiated by Sterne Agee CRT to “Neutral” on Mar 22, 2016.

Republic Services closed down -0.49 points or -1.06% at $45.9 with 12,56,480 shares getting traded on Monday. Post opening the session at $46.61, the shares hit an intraday low of $45.87 and an intraday high of $46.76 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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