Capital Fund Management S.A. Sells 5,569 Shares of Waste Connections, Inc. (NYSE:WCN)

Capital Fund Management S.A. lessened its holdings in Waste Connections, Inc. (NYSE:WCN - Free Report) by 22.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,087 shares of the business services provider's stock after selling 5,569 shares during the period. Capital Fund Management S.A.'s holdings in Waste Connections were worth $3,275,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC boosted its holdings in shares of Waste Connections by 34.3% during the third quarter. Barclays PLC now owns 303,040 shares of the business services provider's stock worth $54,190,000 after acquiring an additional 77,466 shares during the period. GAMMA Investing LLC boosted its position in shares of Waste Connections by 785.1% in the fourth quarter. GAMMA Investing LLC now owns 4,682 shares of the business services provider's stock valued at $803,000 after acquiring an additional 4,153 shares during the period. Douglas Lane & Associates LLC grew its stake in shares of Waste Connections by 20.9% in the fourth quarter. Douglas Lane & Associates LLC now owns 129,256 shares of the business services provider's stock valued at $22,178,000 after acquiring an additional 22,310 shares in the last quarter. Principal Financial Group Inc. increased its position in Waste Connections by 5.7% during the fourth quarter. Principal Financial Group Inc. now owns 2,036,856 shares of the business services provider's stock worth $349,483,000 after acquiring an additional 109,701 shares during the period. Finally, Mechanics Bank Trust Department bought a new stake in Waste Connections in the 4th quarter valued at about $353,000. 86.09% of the stock is owned by institutional investors.

Waste Connections Trading Up 0.4 %

WCN traded up $0.75 during trading on Friday, hitting $197.32. The company's stock had a trading volume of 979,319 shares, compared to its average volume of 969,818. The firm has a market capitalization of $50.98 billion, a P/E ratio of 82.56, a PEG ratio of 3.07 and a beta of 0.67. Waste Connections, Inc. has a twelve month low of $160.34 and a twelve month high of $201.66. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.03. The stock's fifty day moving average price is $190.03 and its 200-day moving average price is $184.19.

Waste Connections (NYSE:WCN - Get Free Report) last issued its earnings results on Wednesday, February 12th. The business services provider reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.04). Waste Connections had a return on equity of 15.54% and a net margin of 6.92%. Analysts anticipate that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were issued a dividend of $0.315 per share. The ex-dividend date was Thursday, February 27th. This represents a $1.26 annualized dividend and a dividend yield of 0.64%. Waste Connections's dividend payout ratio is 52.72%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on WCN shares. Scotiabank increased their price target on Waste Connections from $192.00 to $207.00 and gave the stock a "sector perform" rating in a research report on Tuesday, April 8th. StockNews.com downgraded shares of Waste Connections from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Citigroup dropped their target price on shares of Waste Connections from $218.00 to $209.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Truist Financial restated a "buy" rating and set a $210.00 price objective (up from $200.00) on shares of Waste Connections in a research report on Friday, February 14th. Finally, Morgan Stanley lifted their price target on Waste Connections from $214.00 to $219.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Four 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. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $204.43.

Waste Connections Company Profile

Waste Connections, Inc provides non-hazardous waste collection, transfer, disposal, and resource recovery services in the United States and Canada. It offers collection services to residential, commercial, municipal, industrial, and exploration and production (E&P) customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, mixed paper, plastic containers, glass bottles, and ferrous and aluminum metals.