Baskin Financial Services Lowers stake in Progressive Waste Solutions Ltd (USA) (BIN)

Progressive Waste Solutions Ltd (USA) (BIN) : Baskin Financial Services reduced its stake in Progressive Waste Solutions Ltd (USA) by 1.82% during the most recent quarter end. The investment management company now holds a total of 340,123 shares of Progressive Waste Solutions Ltd (USA) which is valued at $11,179,843 after selling 6,320 shares in Progressive Waste Solutions Ltd (USA) , the firm said in a disclosure report filed with the SEC on May 3, 2016.Progressive Waste Solutions Ltd (USA) makes up approximately 3.25% of Baskin Financial Services’s portfolio.

Other Hedge Funds, Including , Renaissance Group boosted its stake in BIN in the latest quarter, The investment management firm added 1,108 additional shares and now holds a total of 11,660 shares of Progressive Waste Solutions Ltd (USA) which is valued at $383,264. Progressive Waste Solutions Ltd (USA) makes up approx 0.02% of Renaissance Group’s portfolio. Capital Fund Management S.a. sold out all of its stake in BIN during the most recent quarter. The investment firm sold 37,613 shares of BIN which is valued $1,236,339.Toron Capital Markets reduced its stake in BIN by selling 28,200 shares or 52.32% in the most recent quarter. The Hedge Fund company now holds 25,700 shares of BIN which is valued at $844,759. Progressive Waste Solutions Ltd (USA) makes up approx 0.05% of Toron Capital Markets’s portfolio.Russell Frank Co reduced its stake in BIN by selling 68,690 shares or 21.57% in the most recent quarter. The Hedge Fund company now holds 249,815 shares of BIN which is valued at $8,046,541. Progressive Waste Solutions Ltd (USA) makes up approx 0.01% of Russell Frank Co’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in BIN by selling 6,055 shares or 53.31% in the most recent quarter. The Hedge Fund company now holds 5,304 shares of BIN which is valued at $164,477.

Progressive Waste Solutions Ltd (USA) opened for trading at $33.38 and hit $33.46 on the upside on Tuesday, eventually ending the session at $33.44, with a gain of 0.75% or 0.25 points. The heightened volatility saw the trading volume jump to 2,83,984 shares. Company has a market cap of $3,641 M.

On the company’s financial health, Progressive Waste Solutions Ltd (USA) reported $0.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.20. The company had revenue of $471.40 million for the quarter, compared to analysts expectations of $459.16 million. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.

Many Wall Street Analysts have commented on Progressive Waste Solutions Ltd (USA). Company shares were Reiterated by RBC Capital Mkts on Apr 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 35 from a previous price target of $33 .Progressive Waste Solutions Ltd (USA) was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Apr 15, 2016. Progressive Waste Solutions Ltd (USA) was Upgraded by Credit Suisse to ” Neutral” on Feb 25, 2016.

Progressive Waste Solutions Ltd. is a waste management company. The Company provides non-hazardous solid waste collection recycling and disposal services to commercial industrial municipal and residential customers in approximately 13 United States and the District of Columbia and six Canadian provinces. The Company conducts its business through three geographic regions: the East West and North regions. The Company’s East region includes Florida New York New Jersey Pennsylvania Maryland Virginia and the District of Columbia. The West region includes Texas Louisiana Oklahoma Arkansas Mississippi Missouri and Illinois. The North region includes the Canadian provinces of British Columbia Alberta Manitoba Saskatchewan Ontario and Quebec.

Leave a Reply

Progressive Waste Solutions Ltd (USA) - Is it time to Sell?

Top Brokerage Firms are advising their investors on Progressive Waste Solutions Ltd (USA). Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.