American Century Companies Inc Lowers stake in Republic Services (RSG)

Republic Services (RSG) : American Century Companies Inc reduced its stake in Republic Services by 11.44% during the most recent quarter end. The investment management company now holds a total of 8,232,029 shares of Republic Services which is valued at $425,513,579 after selling 1,062,906 shares in Republic Services , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Republic Services makes up approximately 0.47% of American Century Companies Inc’s portfolio.

Other Hedge Funds, Including , Hilton Capital Management boosted its stake in RSG in the latest quarter, The investment management firm added 8,746 additional shares and now holds a total of 224,133 shares of Republic Services which is valued at $11,585,435. Republic Services makes up approx 3.81% of Hilton Capital Management’s portfolio.Louisiana State Employees Retirement System reduced its stake in RSG by selling 300 shares or 1.89% in the most recent quarter. The Hedge Fund company now holds 15,600 shares of RSG which is valued at $806,364. Republic Services makes up approx 0.04% of Louisiana State Employees Retirement System’s portfolio.Shell Asset Management Co boosted its stake in RSG in the latest quarter, The investment management firm added 6,340 additional shares and now holds a total of 133,498 shares of Republic Services which is valued at $6,900,512. Republic Services makes up approx 0.16% of Shell Asset Management Co’s portfolio.Spc Financial reduced its stake in RSG by selling 215 shares or 0.67% in the most recent quarter. The Hedge Fund company now holds 31,700 shares of RSG which is valued at $1,660,763. Republic Services makes up approx 0.58% of Spc Financial’s portfolio.Gulf International Bank (uk) Ltd boosted its stake in RSG in the latest quarter, The investment management firm added 250 additional shares and now holds a total of 72,995 shares of Republic Services which is valued at $3,830,048. Republic Services makes up approx 0.06% of Gulf International Bank (uk) Ltd’s portfolio.

Republic Services closed down -0.64 points or -1.23% at $51.26 with 18,52,349 shares getting traded on Friday. Post opening the session at $51.75, the shares hit an intraday low of $51.04 and an intraday high of $51.99 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Republic Services reported $0.55 EPS for the quarter, based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus estimate of $0.55. The company had revenue of $2350.70 million for the quarter, compared to analysts expectations of $2375.07 million. The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS.

Many Wall Street Analysts have commented on Republic Services. Company shares were Reiterated by Imperial Capital on Aug 2, 2016 to “Outperform”, Firm has raised the Price Target to $ 58 from a previous price target of $52 .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.

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