Five Environmental Stocks to Hold This Quarter

#3 Republic Services, Inc. (NYSE:RSG)

Investors with Long Positions (as of September 30): 30

Aggregate Value of Investors’ Holdings (as of September 30): $373.67 Million

Despite the total number of hedge funds holding Republic Services, Inc. (NYSE:RSG) remaining unchanged during the third quarter, the aggregate value of investors’ holdings fell by 2%. The share price appreciated by 4.5% during this period and is up by over 10% year-to-date. In its financial results for the third quarter, Republic Services, Inc. (NYSE:RSG) delivered EPS of $0.53, in line with the estimates, while revenues of $2.34 billion came in $10 million lighter than the expectations. Mario Gabelli‘s GAMCO Investors holds about 3.0 million shares of Republic Services, Inc. (NYSE:RSG), according to its latest 13F filing.

 

#2 Waste Management, Inc. (NYSE:WM)

Investors with Long Positions (as of September 30): 31

Aggregate Value of Investors’ Holdings (as of September 30): $135.94 Million

Waste Management, Inc. (NYSE:WM) recently has announced plans to raise the quarterly dividend by 7% to $0.41 per share. The new yield stands at 3.2% at the current trading levels. Moreover, the company also authorized a $1 billion share repurchase program that replaces the ongoing program for the same amount. While the number of hedge funds betting on Waste Management, Inc. (NYSE:WM) remained unchanged during the third trimester, the aggregate value of these holdings appreciated by about 5%. So far this year, Waste Management’s stock has posted gains of over 5%. Bill & Melinda Gates Foundation Trust, managed by Michael Larson, holds 18.63 million shares of Waste Management, Inc. (NYSE:WM) as of the end of September.

 

#1 Stericycle Inc (NASDAQ:SRCL)

Investors with Long Positions (as of September 30): 34

Aggregate Value of Investors’ Holdings (as of September 30): $413.25 Million

During the third quarter smart money investors were bullish on Stericycle Inc (NASDAQ:SRCL), with the number of funds backing the company increasing by 16 and the subsequent aggregate value of holdings appreciating by $283 million. However, the company delivered disappointing results for the third quarter, missing the top- and bottom-line estimates owing to weak foreign currencies, lower hazardous waste volumes and higher expenses. Consequently, Stericycle Inc (NASDAQ:SRCL)’s shares fell by almost 19%. HealthCor Management, led by Arthur B. Cohen and Joseph Healey reported a 775,000-share stake of the company in its latest 13F filing.

Disclosure: None