Republic Services (RSG) : Old Dominion Capital Management Inc added new position in Republic Services during the most recent quarter end. The investment management firm now holds 25,508 shares of Republic Services which is valued at $1,223,364 , the company said in a statement filed on May 2, 2016 with the SEC.Republic Services makes up approximately 1.47% of Old Dominion Capital Management Inc’s portfolio.
Republic Services opened for trading at $47.4 and hit $47.99 on the upside on Friday, eventually ending the session at $47.96, with a gain of 1.10% or 0.52 points. The heightened volatility saw the trading volume jump to 11,20,456 shares. Company has a market cap of $16,493 M.
Other Hedge Funds, Including , Ifp Advisors Inc boosted its stake in RSG in the latest quarter, The investment management firm added 1,303 additional shares and now holds a total of 4,198 shares of Republic Services which is valued at $201,336. Republic Services makes up approx 0.01% of Ifp Advisors Inc’s portfolio.Nisa Investment Advisors L.l.c. reduced its stake in RSG by selling 2,500 shares or 3.7% in the most recent quarter. The Hedge Fund company now holds 65,158 shares of RSG which is valued at $3,066,987. Republic Services makes up approx 0.04% of Nisa Investment Advisors L.l.c.’s portfolio.Glenmede Trust Co Na boosted its stake in RSG in the latest quarter, The investment management firm added 3,405 additional shares and now holds a total of 290,654 shares of Republic Services which is valued at $13,681,084. Republic Services makes up approx 0.09% of Glenmede Trust Co Na’s portfolio.Appleton Partners Incma boosted its stake in RSG in the latest quarter, The investment management firm added 4,120 additional shares and now holds a total of 13,665 shares of Republic Services which is valued at $625,037. Republic Services makes up approx 0.12% of Appleton Partners Incma’s portfolio.
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.