Wealth Enhancement Advisory Services LLC Has $57.71 Million Position in Republic Services, Inc. (NYSE:RSG)

Wealth Enhancement Advisory Services LLC trimmed its position in Republic Services, Inc. (NYSE:RSG) by 0.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 301,462 shares of the business services provider’s stock after selling 2,438 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.10% of Republic Services worth $57,712,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Chemistry Wealth Management LLC acquired a new position in Republic Services in the 1st quarter valued at $209,000. Quad Cities Investment Group LLC bought a new stake in shares of Republic Services during the 1st quarter worth $211,000. Worth Asset Management LLC bought a new position in Republic Services in the first quarter valued at about $222,000. City Holding Co. raised its position in Republic Services by 5.6% in the first quarter. City Holding Co. now owns 13,659 shares of the business services provider’s stock valued at $2,615,000 after purchasing an additional 728 shares during the last quarter. Finally, Ballentine Partners LLC raised its position in Republic Services by 1.6% in the first quarter. Ballentine Partners LLC now owns 7,139 shares of the business services provider’s stock valued at $1,367,000 after purchasing an additional 111 shares during the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CMO Amanda Hodges sold 6,500 shares of Republic Services stock in a transaction on Monday, May 6th. The stock was sold at an average price of $186.02, for a total value of $1,209,130.00. Following the completion of the transaction, the chief marketing officer now directly owns 6,831 shares in the company, valued at $1,270,702.62. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Katharine Weymouth bought 540 shares of Republic Services stock in a transaction on Tuesday, June 4th. The shares were purchased at an average price of $185.26 per share, for a total transaction of $100,040.40. Following the acquisition, the director now owns 540 shares of the company’s stock, valued at $100,040.40. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CMO Amanda Hodges sold 6,500 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $186.02, for a total value of $1,209,130.00. Following the transaction, the chief marketing officer now owns 6,831 shares in the company, valued at approximately $1,270,702.62. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders.

Republic Services Stock Performance

Shares of Republic Services stock opened at $194.82 on Friday. The business’s fifty day simple moving average is $188.53 and its 200 day simple moving average is $180.80. The firm has a market capitalization of $61.35 billion, a P/E ratio of 34.18, a price-to-earnings-growth ratio of 3.26 and a beta of 0.68. Republic Services, Inc. has a 12 month low of $140.23 and a 12 month high of $196.76. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.05.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Tuesday, April 30th. The business services provider reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.10. The business had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.89 billion. Republic Services had a return on equity of 17.56% and a net margin of 11.81%. Republic Services’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company posted $1.24 earnings per share. As a group, analysts anticipate that Republic Services, Inc. will post 6.05 EPS for the current year.

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, July 2nd will be given a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Tuesday, July 2nd. Republic Services’s dividend payout ratio (DPR) is presently 37.54%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on RSG shares. The Goldman Sachs Group increased their price target on Republic Services from $209.00 to $230.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Jefferies Financial Group raised their target price on Republic Services from $213.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Scotiabank raised their target price on Republic Services from $211.00 to $213.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 1st. Morgan Stanley cut Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 price objective for the company. in a research note on Friday, March 15th. Finally, UBS Group raised their price objective on Republic Services from $195.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Republic Services currently has a consensus rating of “Moderate Buy” and an average price target of $201.14.

Republic Services Company Profile

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.