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Republic Services' stock rises after beating earnings expectations, despite a major state treasurer reducing holdings.
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.
The company beat earnings expectations, reporting $1.58 per share compared to forecasts of $1.37.
Despite this, the State of North Carolina's Treasurer reduced their holdings by 43.8%.
Republic Services offers waste and recycling services across the US and Canada.
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Las acciones de Republic Services aumentan después de superar las expectativas de ganancias, a pesar de que un importante tesorero estatal reduce las tenencias.