Wealth Enhancement Advisory Services LLC Purchases 216,961 Shares of Republic Services, Inc. $RSG

Wealth Enhancement Advisory Services LLC lifted its position in shares of Republic Services, Inc. (NYSE:RSG) by 80.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 486,699 shares of the business services provider’s stock after purchasing an additional 216,961 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.16% of Republic Services worth $102,576,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Republic Services by 0.3% in the third quarter. Vanguard Group Inc. now owns 19,107,360 shares of the business services provider’s stock worth $4,384,757,000 after purchasing an additional 49,365 shares during the period. JPMorgan Chase & Co. increased its holdings in Republic Services by 15.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,098,273 shares of the business services provider’s stock valued at $711,003,000 after buying an additional 409,142 shares during the period. Norges Bank acquired a new position in shares of Republic Services in the 2nd quarter valued at $690,313,000. Franklin Resources Inc. lifted its holdings in shares of Republic Services by 10.1% during the 2nd quarter. Franklin Resources Inc. now owns 2,379,682 shares of the business services provider’s stock worth $586,854,000 after acquiring an additional 218,114 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Republic Services by 21.3% during the 2nd quarter. Invesco Ltd. now owns 2,325,302 shares of the business services provider’s stock valued at $573,443,000 after acquiring an additional 408,885 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RSG has been the subject of several recent research reports. Bank of America dropped their price target on shares of Republic Services from $271.00 to $241.00 and set a “buy” rating for the company in a research report on Monday, December 22nd. Wolfe Research started coverage on Republic Services in a research note on Friday, March 13th. They issued a “peer perform” rating on the stock. BMO Capital Markets dropped their target price on Republic Services from $251.00 to $248.00 and set an “outperform” rating for the company in a report on Wednesday, February 18th. The Goldman Sachs Group began coverage on Republic Services in a research report on Monday, November 24th. They set a “buy” rating and a $255.00 target price for the company. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Republic Services in a research note on Monday, December 29th. Thirteen equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, Republic Services has an average rating of “Moderate Buy” and a consensus price target of $246.40.

Republic Services Price Performance

Shares of Republic Services stock opened at $219.57 on Friday. The stock has a market capitalization of $67.80 billion, a price-to-earnings ratio of 32.05, a P/E/G ratio of 3.63 and a beta of 0.54. The firm’s 50-day moving average price is $220.51 and its two-hundred day moving average price is $218.74. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.08. Republic Services, Inc. has a 1-year low of $201.42 and a 1-year high of $258.75.

Republic Services (NYSE:RSG) last posted its earnings results on Tuesday, February 17th. The business services provider reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.14. The company had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.21 billion. Republic Services had a net margin of 12.90% and a return on equity of 18.44%. Republic Services’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.58 earnings per share. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. On average, equities analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Thursday, April 2nd will be paid a $0.625 dividend. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $2.50 dividend on an annualized basis and a yield of 1.1%. Republic Services’s payout ratio is currently 36.79%.

About Republic Services

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.