Partners Group Holding Ag buys $23,202,277 stake in Republic Services (RSG)

Republic Services (RSG) : Partners Group Holding Ag scooped up 29,100 additional shares in Republic Services during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 448,700 shares of Republic Services which is valued at $23,202,277.Republic Services makes up approximately 5.28% of Partners Group Holding Ag’s portfolio.

Other Hedge Funds, Including , Brown Advisory Inc boosted its stake in RSG in the latest quarter, The investment management firm added 4,067 additional shares and now holds a total of 19,857 shares of Republic Services which is valued at $1,009,927.Bnp Paribas Investment Partners S.a. reduced its stake in RSG by selling 89,984 shares or 61.95% in the most recent quarter. The Hedge Fund company now holds 55,270 shares of RSG which is valued at $2,863,539. Republic Services makes up approx 0.02% of Bnp Paribas Investment Partners S.a.’s portfolio.Janney Montgomery Scott boosted its stake in RSG in the latest quarter, The investment management firm added 20,472 additional shares and now holds a total of 40,708 shares of Republic Services which is valued at $2,080,586. Republic Services makes up approx 0.03% of Janney Montgomery Scott’s portfolio.Td Asset Management Inc boosted its stake in RSG in the latest quarter, The investment management firm added 48,677 additional shares and now holds a total of 842,111 shares of Republic Services which is valued at $43,040,293. Republic Services makes up approx 0.08% of Td Asset Management Inc’s portfolio.

Republic Services opened for trading at $50.98 and hit $51.2 on the upside on Friday, eventually ending the session at $51.2, with a gain of 0.20% or 0.1 points. The heightened volatility saw the trading volume jump to 11,61,839 shares. Company has a market cap of $17,554 M.

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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