Republic Services (RSG) : Sonora Investment Management scooped up 8,220 additional shares in Republic Services during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 84,239 shares of Republic Services which is valued at $4,391,379.Republic Services makes up approximately 2.42% of Sonora Investment Management’s portfolio.
Other Hedge Funds, Including , Advocacy Wealth Management Services reduced its stake in RSG by selling 236 shares or 21.95% in the most recent quarter. The Hedge Fund company now holds 839 shares of RSG which is valued at $43,737. Republic Services makes up approx 0.02% of Advocacy Wealth Management Services’s portfolio.Capstone Asset Management Co boosted its stake in RSG in the latest quarter, The investment management firm added 458 additional shares and now holds a total of 32,542 shares of Republic Services which is valued at $1,707,479. Republic Services makes up approx 0.05% of Capstone Asset Management Co’s portfolio.Firstmerit Bank N A Trustee boosted its stake in RSG in the latest quarter, The investment management firm added 1,260 additional shares and now holds a total of 13,900 shares of Republic Services which is valued at $729,333. Republic Services makes up approx 0.06% of Firstmerit Bank N A Trustee’s portfolio.Next Financial Group Inc boosted its stake in RSG in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 77 shares of Republic Services which is valued at $4,047.
Republic Services closed down -0.22 points or -0.42% at $52.13 with 7,99,062 shares getting traded on Monday. Post opening the session at $52.44, the shares hit an intraday low of $52.06 and an intraday high of $52.65 and the price fluctuated in this range throughout the day.Shares ended Monday 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 .
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.