Hilton Capital Management buys $11,585,435 stake in Republic Services (RSG)

Republic Services (RSG) : Hilton Capital Management scooped up 8,746 additional shares in Republic Services during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 224,133 shares of Republic Services which is valued at $11,585,435.Republic Services makes up approximately 3.81% of Hilton Capital Management’s portfolio.

Other Hedge Funds, Including , Candriam Luxembourg S.c.a. boosted its stake in RSG in the latest quarter, The investment management firm added 2,542 additional shares and now holds a total of 25,683 shares of Republic Services which is valued at $1,327,554. Republic Services makes up approx 0.03% of Candriam Luxembourg S.c.a.’s portfolio. Fox Run Management L.l.c. added RSG to its portfolio by purchasing 4,200 company shares during the most recent quarter which is valued at $219,912. Republic Services makes up approx 0.10% of Fox Run Management L.l.c.’s portfolio.Fenimore Asset Management Inc reduced its stake in RSG by selling 2,600 shares or 1.23% in the most recent quarter. The Hedge Fund company now holds 208,226 shares of RSG which is valued at $10,925,618. Republic Services makes up approx 0.52% of Fenimore Asset Management Inc’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 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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