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Smart Money is Betting on These Environmental Services Stocks

Republic Services, Inc. (NYSE:RSG)

– Number of Hedge Fund Shareholders (as of June 30): 25

– Total Value of Hedge Funds’ Holdings (as of June 30): $557.97 Million

Republic Services, Inc. (NYSE:RSG) ranked on the third spot as 25 investors from our database amassed $557.97 million worth of stock at the end of June. Shares of the company are up by 15% since the beginning of the year. For the second quarter, Republic Services, Inc. (NYSE:RSG)’s reported revenue of $2.35 billion, which fell short of estimates by $20 million, while net income of $0.55 per share was in line with analyst expectations.

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Stericycle Inc (NASDAQ:SRCL)

– Number of Hedge Fund Shareholders (as of June 30): 22

– Total Value of Hedge Funds’ Holdings (as of June 30): $593.21 Million

A total of 22 funds from our database held $593.21 million worth of Stericycle Inc (NASDAQ:SRCL) shares at the end of June, compared to $518.73 million a quarter earlier. The company’s second-quarter revenue of $891.6 million missed analysts’ estimates by $21.19 million, while net income of $1.18 per share was in line with the consensus estimate. The company also stated that there are accounting errors in previous financial statements, but added that they should not be relied upon. Shares of Stericycle Inc (NASDAQ:SRCL) are down by 34% since the beginning of year.

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Clean Harbors Inc (NYSE:CLH)

– Number of Hedge Fund Shareholders (as of June 30): 16

– Total Value of Hedge Funds’ Holdings (as of June 30): $163.12 Million

The fifth environmental stocks which hedge funds like is Clean Harbors Inc (NYSE:CLH). Overall, 16 funds tracked by us held long positions in the stock with a total value of $163.12 million at the end of the second quarter. The shares of the company are up by 12% since the beginning of the year. The second quarter was not good for Clean Harbors Inc (NYSE:CLH) as the company reported revenue of $697.51 million, which was below estimates by $29.72 million, while EPS of $0.15 missed estimates by $0.08. Clean Harbors Inc (NYSE:CLH) also revised its full-year revenue guidance downwards to between $430 million and $450 million from earlier estimates of $430 million to $490 million.

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Disclosure: None

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