Wealth Enhancement Advisory Services LLC Has $69.03 Million Stake in Republic Services, Inc. (NYSE:RSG)

Wealth Enhancement Advisory Services LLC decreased its position in Republic Services, Inc. (NYSE:RSG - Free Report) by 0.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 285,044 shares of the business services provider's stock after selling 2,280 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.09% of Republic Services worth $69,027,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Arcadia Investment Management Corp MI raised its stake in shares of Republic Services by 200.0% in the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider's stock valued at $27,000 after purchasing an additional 88 shares during the period. New Age Alpha Advisors LLC raised its stake in shares of Republic Services by 70.2% in the 4th quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider's stock valued at $36,000 after purchasing an additional 73 shares during the period. Park Square Financial Group LLC acquired a new stake in shares of Republic Services in the 4th quarter valued at about $44,000. Generali Asset Management SPA SGR acquired a new stake in shares of Republic Services in the 4th quarter valued at about $45,000. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of Republic Services in the 4th quarter valued at about $48,000. Institutional investors and hedge funds own 57.73% of the company's stock.

Republic Services Price Performance

Republic Services stock opened at $248.13 on Friday. Republic Services, Inc. has a 12 month low of $188.82 and a 12 month high of $258.75. The stock's 50 day moving average is $248.53 and its 200-day moving average is $230.81. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $77.54 billion, a price-to-earnings ratio of 37.43, a PEG ratio of 3.80 and a beta of 0.63.

Republic Services (NYSE:RSG - Get Free Report) last posted its earnings results on Thursday, April 24th. The business services provider reported $1.58 EPS for the quarter, beating the consensus estimate of $1.53 by $0.05. The company had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.88%. The firm's revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.45 earnings per share. Equities research analysts expect that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Wednesday, July 2nd. Republic Services's dividend payout ratio (DPR) is currently 34.99%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on RSG shares. Truist Financial lifted their target price on Republic Services from $250.00 to $270.00 and gave the company a "buy" rating in a research report on Tuesday, April 22nd. Robert W. Baird lifted their target price on Republic Services from $232.00 to $245.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. Morgan Stanley lifted their target price on Republic Services from $230.00 to $245.00 and gave the company an "equal weight" rating in a research report on Friday, April 25th. William Blair reaffirmed an "outperform" rating on shares of Republic Services in a research report on Friday, April 25th. Finally, Melius assumed coverage on Republic Services in a research report on Monday, June 9th. They issued a "hold" rating on the stock. Ten research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $252.68.

About Republic Services

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.

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