Republic Services (RSG) : Sasco Capital Inc Ct reduced its stake in Republic Services by 1.13% during the most recent quarter end. The investment management company now holds a total of 3,906,946 shares of Republic Services which is valued at $211,365,779 after selling 44,680 shares in Republic Services , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Republic Services makes up approximately 5.30% of Sasco Capital Inc Ct’s portfolio.
Other Hedge Funds, Including , D. E. Shaw reduced its stake in RSG by selling 133,077 shares or 24.84% in the most recent quarter. The Hedge Fund company now holds 402,628 shares of RSG which is valued at $21,609,045. Republic Services makes up approx 0.05% of D. E. Shaw’s portfolio. Bokf Na added RSG to its portfolio by purchasing 4,455 company shares during the most recent quarter which is valued at $235,670. Republic Services makes up approx 0.01% of Bokf Na’s portfolio.Credit Agricole S A boosted its stake in RSG in the latest quarter, The investment management firm added 70,171 additional shares and now holds a total of 1,021,358 shares of Republic Services which is valued at $54,029,838. Republic Services makes up approx 0.18% of Credit Agricole S A’s portfolio.Rwwm boosted its stake in RSG in the latest quarter, The investment management firm added 7,273 additional shares and now holds a total of 417,385 shares of Republic Services which is valued at $22,079,667. Republic Services makes up approx 8.47% of Rwwm’s portfolio.Blackrock Institutional Trust Company N.a. reduced its stake in RSG by selling 279,588 shares or 3.61% in the most recent quarter. The Hedge Fund company now holds 7,457,179 shares of RSG which is valued at $387,847,880. Republic Services makes up approx 0.06% of Blackrock Institutional Trust Company N.a.’s portfolio.
Republic Services closed down -0.06 points or -0.11% at $54.61 with 13,96,644 shares getting traded on Monday. Post opening the session at $54.65, the shares hit an intraday low of $54.4744 and an intraday high of $54.93 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Republic Services reported $0.62 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $0.58. The company had revenue of $2409.30 million for the quarter, compared to analysts expectations of $2409.96 million. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS.
Investors should note that on Oct 27, 2016, Republic Services announced a cash dividend of $0.3200. The company’s management has announced Dec 29, 2016 as the ex-dividend date and fixed the record date on Jan 3, 2017. The payable date has been fixed on Jan 16, 2017.
Many Wall Street Analysts have commented on Republic Services. Goldman Initiated Republic Services on Nov 1, 2016 to “Neutral”, Price Target of the shares are set at $52.Macquarie Initiated Republic Services on Aug 26, 2016 to “Neutral”, Price Target of the shares are set at $53.
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.