Three Peaks Capital Management buys $16,570,036 stake in Republic Services (RSG)

Republic Services (RSG) : Three Peaks Capital Management scooped up 133,059 additional shares in Republic Services during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 345,497 shares of Republic Services which is valued at $16,570,036.Republic Services makes up approximately 3.01% of Three Peaks Capital Management’s portfolio.

Other Hedge Funds, Including , Lakeview Capital Partners boosted its stake in RSG in the latest quarter, The investment management firm added 147 additional shares and now holds a total of 19,097 shares of Republic Services which is valued at $915,892. Republic Services makes up approx 0.58% of Lakeview Capital Partners’s portfolio.Tokio Marine Asset Management Co Ltd reduced its stake in RSG by selling 1,620 shares or 17.06% in the most recent quarter. The Hedge Fund company now holds 7,874 shares of RSG which is valued at $377,637. Republic Services makes up approx 0.04% of Tokio Marine Asset Management Co Ltd’s portfolio.Louisiana State Employees Retirement System reduced its stake in RSG by selling 900 shares or 5.36% in the most recent quarter. The Hedge Fund company now holds 15,900 shares of RSG which is valued at $748,413. Republic Services makes up approx 0.04% of Louisiana State Employees Retirement System’s portfolio.Sadoff Investment Management reduced its stake in RSG by selling 1,866 shares or 0.5% in the most recent quarter. The Hedge Fund company now holds 373,134 shares of RSG which is valued at $17,067,149. Republic Services makes up approx 2.03% of Sadoff Investment Management’s portfolio.Firstmerit Bank N A Trustee reduced its stake in RSG by selling 317 shares or 2.45% in the most recent quarter. The Hedge Fund company now holds 12,640 shares of RSG which is valued at $578,154. Republic Services makes up approx 0.05% of Firstmerit Bank N A Trustee’s portfolio.

Republic Services opened for trading at $48.36 and hit $48.71 on the upside on Tuesday, eventually ending the session at $48.71, with a gain of 0.68% or 0.33 points. The heightened volatility saw the trading volume jump to 10,98,899 shares. Company has a market cap of $16,751 M.

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 .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 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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