Republic Services, Inc. (NYSE:RSG) Shares Bought by Rench Wealth Management Inc.

Rench Wealth Management Inc. grew its stake in Republic Services, Inc. (NYSE:RSG - Free Report) by 7.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,601 shares of the business services provider's stock after purchasing an additional 1,796 shares during the period. Republic Services makes up about 1.7% of Rench Wealth Management Inc.'s portfolio, making the stock its 24th biggest position. Rench Wealth Management Inc.'s holdings in Republic Services were worth $4,949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Arcadia Investment Management Corp MI grew its position in 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 acquiring an additional 88 shares during the last quarter. R Squared Ltd bought a new position in shares of Republic Services in the fourth quarter worth about $32,000. New Age Alpha Advisors LLC increased its stake in 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 worth $36,000 after buying an additional 73 shares during the period. Generali Asset Management SPA SGR purchased a new stake in Republic Services in the 4th quarter valued at about $45,000. Finally, Bank of Jackson Hole Trust purchased a new position in shares of Republic Services during the fourth quarter worth approximately $48,000. Hedge funds and other institutional investors own 57.73% of the company's stock.

Wall Street Analysts Forecast Growth

RSG has been the topic of several research analyst reports. Stifel Nicolaus increased their price objective on Republic Services from $240.00 to $257.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Jefferies Financial Group raised their price target on Republic Services from $235.00 to $244.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Royal Bank of Canada raised shares of Republic Services from a "sector perform" rating to an "outperform" rating and upped their price objective for the stock from $219.00 to $237.00 in a research note on Monday, January 6th. The Goldman Sachs Group raised their target price on shares of Republic Services from $239.00 to $265.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Finally, UBS Group increased their price objective on shares of Republic Services from $240.00 to $250.00 and gave the company a "neutral" rating in a research note on Friday, April 11th. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $239.13.

Republic Services Stock Performance

Republic Services stock traded down $0.51 during trading hours on Friday, hitting $243.11. 837,780 shares of the stock traded hands, compared to its average volume of 1,116,459. The firm's 50 day moving average price is $235.09 and its 200-day moving average price is $217.77. The stock has a market capitalization of $75.92 billion, a price-to-earnings ratio of 37.46, a P/E/G ratio of 3.64 and a beta of 0.62. Republic Services, Inc. has a 1 year low of $180.92 and a 1 year high of $249.73. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64.

Republic Services (NYSE:RSG - Get Free Report) last issued its earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.21. The firm had revenue of $4.05 billion during the quarter, compared to analysts' expectations of $4.08 billion. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. During the same quarter last year, the company posted $1.41 earnings per share. As a group, equities analysts expect that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd were issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Wednesday, April 2nd. Republic Services's dividend payout ratio (DPR) is 35.75%.

Insider Activity at Republic Services

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total value of $1,436,062.60. Following the completion of the transaction, the chief operating officer now owns 10,416 shares in the company, valued at approximately $2,376,931.20. This represents a 37.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.09% of the company's stock.

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.