Churchill Management Corp buys $16,603,893 stake in Republic Services (RSG)

Republic Services (RSG) : Churchill Management Corp scooped up 21,907 additional shares in Republic Services during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 13, 2016. The investment management firm now holds a total of 359,781 shares of Republic Services which is valued at $16,603,893.Republic Services makes up approximately 1.16% of Churchill Management Corp’s portfolio.

Republic Services opened for trading at $46.01 and hit $46.555 on the upside on Monday, eventually ending the session at $46.48, with a gain of 0.72% or 0.33 points. The heightened volatility saw the trading volume jump to 14,36,487 shares. Company has a market cap of $16,030 M.

Other Hedge Funds, Including , Independent Portfolio Consultants boosted its stake in RSG in the latest quarter, The investment management firm added 7,380 additional shares and now holds a total of 23,447 shares of Republic Services which is valued at $1,082,079. Republic Services makes up approx 0.30% of Independent Portfolio Consultants’s portfolio.Central Trust Co boosted its stake in RSG in the latest quarter, The investment management firm added 571 additional shares and now holds a total of 5,496 shares of Republic Services which is valued at $253,640. Republic Services makes up approx 0.02% of Central Trust Co’s portfolio.Proficio Capital Partners reduced its stake in RSG by selling 85 shares or 72.65% in the most recent quarter. The Hedge Fund company now holds 32 shares of RSG which is valued at $1,469. Pensionfund Sabic sold out all of its stake in RSG during the most recent quarter. The investment firm sold 33,000 shares of RSG which is valued $1,514,700.

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 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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