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flag Republic Services' stock rises after beating earnings expectations, despite a major state treasurer reducing holdings.

flag Republic Services, a major waste management company, saw its stock gain as institutional investor Bessemer Group Inc. increased its holdings by 7.3% in Q4 2020. flag The company beat earnings expectations, reporting $1.58 per share compared to forecasts of $1.37. flag Despite this, the State of North Carolina's Treasurer reduced their holdings by 43.8%. flag Republic Services offers waste and recycling services across the US and Canada.

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