Wealth Enhancement Advisory Services LLC Has $57.16 Million Holdings in Republic Services, Inc. (NYSE:RSG)

Wealth Enhancement Advisory Services LLC trimmed its position in Republic Services, Inc. (NYSE:RSG) by 2.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 294,118 shares of the business services provider’s stock after selling 7,344 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Republic Services were worth $57,159,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. YHB Investment Advisors Inc. bought a new stake in Republic Services in the first quarter valued at $29,000. EntryPoint Capital LLC bought a new stake in Republic Services during the 1st quarter worth about $29,000. Bogart Wealth LLC bought a new position in shares of Republic Services in the fourth quarter worth about $30,000. Jones Financial Companies Lllp lifted its position in shares of Republic Services by 3,014.3% during the fourth quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider’s stock worth $36,000 after purchasing an additional 211 shares in the last quarter. Finally, Indiana Trust & Investment Management CO acquired a new stake in shares of Republic Services in the second quarter valued at approximately $45,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Stock Up 0.8 %

Shares of NYSE:RSG traded up $1.65 during midday trading on Wednesday, reaching $202.04. The company had a trading volume of 95,267 shares, compared to its average volume of 1,219,838. The business’s 50 day moving average price is $195.21 and its 200 day moving average price is $188.69. Republic Services, Inc. has a 1-year low of $140.23 and a 1-year high of $206.54. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.05. The stock has a market cap of $63.45 billion, a PE ratio of 35.16, a P/E/G ratio of 3.23 and a beta of 0.69.

Republic Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, October 2nd will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Wednesday, October 2nd. This is an increase from Republic Services’s previous quarterly dividend of $0.54. Republic Services’s dividend payout ratio is presently 37.54%.

Analyst Ratings Changes

RSG has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft started coverage on Republic Services in a research report on Thursday, May 23rd. They issued a “hold” rating and a $203.00 price objective on the stock. StockNews.com downgraded shares of Republic Services from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Scotiabank lifted their price target on shares of Republic Services from $211.00 to $213.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 1st. Robert W. Baird increased their price target on Republic Services from $208.00 to $210.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Finally, Truist Financial raised Republic Services from a “hold” rating to a “buy” rating and upped their price target for the company from $192.00 to $220.00 in a research note on Thursday, July 11th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Republic Services currently has an average rating of “Hold” and an average target price of $211.00.

Insider Activity at Republic Services

In other news, Director Katharine Weymouth purchased 540 shares of the company’s stock in a transaction on Tuesday, June 4th. The shares were purchased at an average cost of $185.26 per share, with a total value of $100,040.40. Following the completion of the transaction, the director now owns 540 shares of the company’s stock, valued at approximately $100,040.40. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.09% of the stock is owned by company insiders.

Republic Services 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.