Partners Group Holding Ag buys $20.3 Million stake in Republic Services (RSG)

Republic Services (RSG) : Partners Group Holding Ag scooped up 31,000 additional shares in Republic Services during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 419,600 shares of Republic Services which is valued at $20.3 Million.Republic Services makes up approximately 4.27% of Partners Group Holding Ag’s portfolio.

Other Hedge Funds, Including , Bessemer Group Inc boosted its stake in RSG in the latest quarter, The investment management firm added 388,289 additional shares and now holds a total of 442,507 shares of Republic Services which is valued at $21.4 Million. Republic Services makes up approx 0.12% of Bessemer Group Inc’s portfolio.Chase Investment Counsel Corp boosted its stake in RSG in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 7,389 shares of Republic Services which is valued at $354,376. Republic Services makes up approx 0.16% of Chase Investment Counsel Corp’s portfolio. Kalos Management sold out all of its stake in RSG during the most recent quarter. The investment firm sold 14,082 shares of RSG which is valued $675,373.Kornitzer Capital Management Inc Ks boosted its stake in RSG in the latest quarter, The investment management firm added 27,575 additional shares and now holds a total of 519,365 shares of Republic Services which is valued at $24.9 Million. Republic Services makes up approx 0.45% of Kornitzer Capital Management Inc Ks’s portfolio.Retirement Systems Of Alabama boosted its stake in RSG in the latest quarter, The investment management firm added 2,559 additional shares and now holds a total of 243,409 shares of Republic Services which is valued at $11.5 Million. Republic Services makes up approx 0.07% of Retirement Systems Of Alabama’s portfolio.

Republic Services opened for trading at $48.4 and hit $48.79 on the upside on Monday, eventually ending the session at $48.61, with a gain of 0.31% or 0.15 points. The heightened volatility saw the trading volume jump to 9,66,628 shares. Company has a market cap of $16,717 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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