Cleararc Capital Inc buys $2,827,916 stake in Republic Services (RSG)

Republic Services (RSG) : Cleararc Capital Inc scooped up 20,515 additional shares in Republic Services during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 54,688 shares of Republic Services which is valued at $2,827,916.Republic Services makes up approximately 0.53% of Cleararc Capital Inc’s portfolio.

Other Hedge Funds, Including , Darrell King reduced its stake in RSG by selling 276,700 shares or 96.95% in the most recent quarter. The Hedge Fund company now holds 8,700 shares of RSG which is valued at $449,877. Republic Services makes up approx 0.08% of Darrell King’s portfolio.Advisors Asset Management boosted its stake in RSG in the latest quarter, The investment management firm added 2,660 additional shares and now holds a total of 15,159 shares of Republic Services which is valued at $785,388. Republic Services makes up approx 0.01% of Advisors Asset Management’s portfolio.Stephens Inc Ar boosted its stake in RSG in the latest quarter, The investment management firm added 110 additional shares and now holds a total of 5,667 shares of Republic Services which is valued at $289,640. Republic Services makes up approx 0.01% of Stephens Inc Ar’s portfolio.Commonwealth Equity Services Inc boosted its stake in RSG in the latest quarter, The investment management firm added 96 additional shares and now holds a total of 32,439 shares of Republic Services which is valued at $1,657,957. Republic Services makes up approx 0.01% of Commonwealth Equity Services Inc’s portfolio.

Republic Services closed down -0.01 points or -0.02% at $51.28 with 9,19,151 shares getting traded on Tuesday. Post opening the session at $51.29, the shares hit an intraday low of $51.14 and an intraday high of $51.44 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

Investors should note that on Jul 28, 2016, Republic Services announced a cash dividend of $0.3200. The company’s management has announced Sep 29, 2016 as the ex-dividend date and fixed the record date on Oct 3, 2016. The payable date has been fixed on Oct 14, 2016.

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 .

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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