Republic Services, Inc. (NYSE:RSG) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its position in Republic Services, Inc. (NYSE:RSG) by 0.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 285,828 shares of the business services provider’s stock after buying an additional 114 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.09% of Republic Services worth $57,406,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Choreo LLC acquired a new position in shares of Republic Services during the 2nd quarter worth approximately $1,005,000. Daiwa Securities Group Inc. boosted its holdings in shares of Republic Services by 9.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 23,524 shares of the business services provider’s stock worth $4,572,000 after purchasing an additional 2,100 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Republic Services during the 2nd quarter worth approximately $209,000. LPL Financial LLC boosted its holdings in shares of Republic Services by 7.8% during the 2nd quarter. LPL Financial LLC now owns 285,735 shares of the business services provider’s stock worth $55,530,000 after purchasing an additional 20,605 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its holdings in shares of Republic Services by 64.0% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 13,506 shares of the business services provider’s stock worth $2,625,000 after purchasing an additional 5,273 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Stock Down 0.2 %

Republic Services stock opened at $206.47 on Friday. Republic Services, Inc. has a twelve month low of $163.17 and a twelve month high of $220.58. The stock’s fifty day simple moving average is $208.87 and its 200-day simple moving average is $203.89. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $64.66 billion, a P/E ratio of 33.04, a P/E/G ratio of 3.30 and a beta of 0.73.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.20. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the prior year, the company earned $1.54 earnings per share. The company’s revenue was up 6.5% on a year-over-year basis. As a group, equities analysts expect that Republic Services, Inc. will post 6.25 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Thursday, January 2nd. Republic Services’s dividend payout ratio is currently 37.12%.

Insider Transactions at Republic Services

In related news, Director Katharine Weymouth sold 1,859 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $215.27, for a total transaction of $400,186.93. Following the completion of the transaction, the director now owns 879 shares in the company, valued at approximately $189,222.33. The trade was a 67.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the transaction, the chief financial officer now owns 6,318 shares of the company’s stock, valued at approximately $1,326,906.36. The trade was a 44.53 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

RSG has been the topic of several recent research reports. Scotiabank initiated coverage on Republic Services in a report on Friday, October 4th. They set a “sector perform” rating and a $224.00 target price on the stock. Oppenheimer lifted their price target on shares of Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. BMO Capital Markets raised shares of Republic Services from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $211.00 to $238.00 in a research report on Friday, December 6th. CIBC lifted their price target on shares of Republic Services from $217.00 to $227.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Finally, Morgan Stanley lifted their price target on shares of Republic Services from $217.00 to $220.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $221.12.

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.