Mechanics Bank Trust Department buys $1,898,896 stake in Republic Services (RSG)

Republic Services (RSG) : Mechanics Bank Trust Department scooped up 295 additional shares in Republic Services during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 41,515 shares of Republic Services which is valued at $1,898,896.Republic Services makes up approximately 0.73% of Mechanics Bank Trust Department’s portfolio.

Republic Services opened for trading at $46.12 and hit $46.529 on the upside on Wednesday, eventually ending the session at $46.49, with a gain of 0.82% or 0.38 points. The heightened volatility saw the trading volume jump to 13,13,753 shares. Company has a market cap of $16,033 M.

Other Hedge Funds, Including , Advisory Services Network added RSG to its portfolio by purchasing 191 company shares during the most recent quarter which is valued at $8,736.Fisher Asset Management reduced its stake in RSG by selling 4,878 shares or 10.77% in the most recent quarter. The Hedge Fund company now holds 40,405 shares of RSG which is valued at $1,848,125.Gateway Investment Advisers reduced its stake in RSG by selling 8,132 shares or 32.1% in the most recent quarter. The Hedge Fund company now holds 17,199 shares of RSG which is valued at $786,682. Republic Services makes up approx 0.01% of Gateway Investment Advisers’s portfolio.Highland Capital Management reduced its stake in RSG by selling 32,753 shares or 55.12% in the most recent quarter. The Hedge Fund company now holds 26,672 shares of RSG which is valued at $1,230,913. Republic Services makes up approx 0.10% of Highland Capital Management’s portfolio.Capstone Asset Management Co reduced its stake in RSG by selling 2,210 shares or 6.44% in the most recent quarter. The Hedge Fund company now holds 32,084 shares of RSG which is valued at $1,480,677. Republic Services makes up approx 0.04% of Capstone Asset Management Co’s portfolio.

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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