Republic Services (RSG) : Darrell King reduced its stake in Republic Services by 96.95% during the most recent quarter end. The investment management company now holds a total of 8,700 shares of Republic Services which is valued at $449,877 after selling 276,700 shares in Republic Services , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Republic Services makes up approximately 0.08% of Darrell King’s portfolio.
Other Hedge Funds, Including , Gareth Morgan Investments Limited Partnership reduced its stake in RSG by selling 1,555 shares or 0.45% in the most recent quarter. The Hedge Fund company now holds 343,551 shares of RSG which is valued at $17,765,022. Republic Services makes up approx 1.66% of Gareth Morgan Investments Limited Partnership’s portfolio.Feltz Wealth Plan reduced its stake in RSG by selling 275 shares or 21.77% in the most recent quarter. The Hedge Fund company now holds 988 shares of RSG which is valued at $51,188.Bb&t Securities reduced its stake in RSG by selling 1,180 shares or 18.82% in the most recent quarter. The Hedge Fund company now holds 5,090 shares of RSG which is valued at $260,150.Hl Financial Services boosted its stake in RSG in the latest quarter, The investment management firm added 6 additional shares and now holds a total of 8,699 shares of Republic Services which is valued at $449,651. Republic Services makes up approx 0.01% of Hl Financial Services’s portfolio.Acadian Asset Management boosted its stake in RSG in the latest quarter, The investment management firm added 37,277 additional shares and now holds a total of 1,940,072 shares of Republic Services which is valued at $101,582,170. Republic Services makes up approx 0.50% of Acadian Asset Management’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. Macquarie Initiated Republic Services on Aug 26, 2016 to “Neutral”, Price Target of the shares are set at $53.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.