Wealth Enhancement Advisory Services LLC Sells 7,344 Shares of Republic Services, Inc. (NYSE:RSG)

Wealth Enhancement Advisory Services LLC lowered its stake in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 2.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 294,118 shares of the business services provider's stock after selling 7,344 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.09% of Republic Services worth $57,159,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. NorthCrest Asset Manangement LLC boosted its position in shares of Republic Services by 2.2% during the 2nd quarter. NorthCrest Asset Manangement LLC now owns 41,132 shares of the business services provider's stock valued at $7,994,000 after acquiring an additional 898 shares in the last quarter. Diversified Trust Co acquired a new stake in Republic Services during the second quarter valued at approximately $258,000. Wedmont Private Capital grew its stake in shares of Republic Services by 12.0% in the 2nd quarter. Wedmont Private Capital now owns 2,189 shares of the business services provider's stock valued at $438,000 after purchasing an additional 234 shares during the period. Sequoia Financial Advisors LLC raised its holdings in shares of Republic Services by 2.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,229 shares of the business services provider's stock worth $627,000 after buying an additional 67 shares in the last quarter. Finally, RFG Advisory LLC lifted its position in shares of Republic Services by 0.5% during the 2nd quarter. RFG Advisory LLC now owns 10,603 shares of the business services provider's stock worth $2,061,000 after buying an additional 53 shares during the period. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Republic Services

In related news, Director Katharine Weymouth bought 540 shares of the firm's stock in a transaction dated Tuesday, June 4th. The stock was bought at an average cost of $185.26 per share, for a total transaction of $100,040.40. Following the transaction, the director now owns 540 shares of the company's stock, valued at $100,040.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.09% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have issued reports on RSG. StockNews.com lowered Republic Services from a "strong-buy" rating to a "buy" rating in a research note on Thursday, August 1st. Robert W. Baird lifted their price target on shares of Republic Services from $208.00 to $210.00 and gave the company a "neutral" rating in a report on Thursday, July 25th. Raymond James decreased their price objective on shares of Republic Services from $219.00 to $214.00 and set an "outperform" rating on the stock in a research note on Thursday, July 25th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Republic Services in a research note on Thursday, May 23rd. They issued a "hold" rating and a $203.00 target price for the company. Finally, Stifel Nicolaus increased their price target on Republic Services from $215.00 to $230.00 and gave the stock a "buy" rating in a research report on Thursday, July 25th. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $211.00.

Republic Services Trading Up 1.0 %

NYSE RSG traded up $2.07 during trading hours on Wednesday, hitting $202.46. The company's stock had a trading volume of 484,626 shares, compared to its average volume of 1,222,412. The stock has a fifty day moving average of $195.50 and a 200 day moving average of $188.78. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.05. Republic Services, Inc. has a twelve month low of $140.23 and a twelve month high of $206.54. The firm has a market capitalization of $63.76 billion, a P/E ratio of 35.52, a PEG ratio of 3.23 and a beta of 0.69.

Republic Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, October 2nd will be given a $0.58 dividend. This is a positive change from Republic Services's previous quarterly dividend of $0.54. This represents a $2.32 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Wednesday, October 2nd. Republic Services's dividend payout ratio (DPR) is currently 40.70%.

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.