Republic Services (RSG) : Sentry Investments Corp. reduced its stake in Republic Services by 9.51% during the most recent quarter end. The investment management company now holds a total of 7,696,561 shares of Republic Services which is valued at $373 Million after selling 809,100 shares in Republic Services , the firm said in a disclosure report filed with the SEC on May 13, 2016.Republic Services makes up approximately 5.38% of Sentry Investments Corp.’s portfolio.
Other Hedge Funds, Including , Park Avenue Institutional Advisers reduced its stake in RSG by selling 42 shares or 2.71% in the most recent quarter. The Hedge Fund company now holds 1,510 shares of RSG which is valued at $73,175. Republic Services makes up approx 0.06% of Park Avenue Institutional Advisers’s portfolio.Trexquant Investment Lp boosted its stake in RSG in the latest quarter, The investment management firm added 29,670 additional shares and now holds a total of 35,400 shares of Republic Services which is valued at $1.7 Million. Republic Services makes up approx 0.20% of Trexquant Investment Lp’s portfolio.Edmp reduced its stake in RSG by selling 432 shares or 6.19% in the most recent quarter. The Hedge Fund company now holds 6,547 shares of RSG which is valued at $313,994. Republic Services makes up approx 0.30% of Edmp’s portfolio.Aperio Group boosted its stake in RSG in the latest quarter, The investment management firm added 15,548 additional shares and now holds a total of 222,246 shares of Republic Services which is valued at $10.5 Million. Republic Services makes up approx 0.09% of Aperio Group’s portfolio.
Republic Services closed down -0.4 points or -0.83% at $47.85 with 15,11,189 shares getting traded on Wednesday. Post opening the session at $48.4, the shares hit an intraday low of $47.77 and an intraday high of $48.5 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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.