Capital Group Private Client Services Inc. Trims Stock Position in Waste Connections, Inc. (NYSE:WCN)

Capital Group Private Client Services Inc. trimmed its position in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 470,126 shares of the business services provider's stock after selling 11,314 shares during the quarter. Capital Group Private Client Services Inc. owned 0.18% of Waste Connections worth $80,664,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Manchester Capital Management LLC acquired a new position in Waste Connections during the fourth quarter worth $26,000. Private Trust Co. NA increased its holdings in Waste Connections by 153.3% during the 4th quarter. Private Trust Co. NA now owns 152 shares of the business services provider's stock worth $26,000 after purchasing an additional 92 shares in the last quarter. Stonebridge Financial Group LLC bought a new stake in Waste Connections during the 4th quarter worth approximately $27,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Waste Connections in the fourth quarter worth approximately $28,000. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Waste Connections by 59.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider's stock valued at $33,000 after purchasing an additional 71 shares in the last quarter. 86.09% of the stock is currently owned by institutional investors.

Waste Connections Stock Performance

NYSE:WCN traded down $2.71 on Wednesday, reaching $195.19. 991,351 shares of the company's stock were exchanged, compared to its average volume of 968,251. The firm has a market cap of $50.43 billion, a price-to-earnings ratio of 81.67, a P/E/G ratio of 3.07 and a beta of 0.67. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a fifty day simple moving average of $190.46 and a 200-day simple moving average of $184.63. Waste Connections, Inc. has a 52 week low of $160.34 and a 52 week high of $201.97.

Waste Connections (NYSE:WCN - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.16 earnings per share for the quarter, missing analysts' consensus estimates of $1.20 by ($0.04). Waste Connections had a net margin of 6.92% and a return on equity of 15.54%. As a group, sell-side analysts predict that Waste Connections, Inc. will post 5.28 earnings per share for the current year.

Waste Connections Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors 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 dividend on an annualized basis and a yield of 0.65%. Waste Connections's dividend payout ratio (DPR) is 52.72%.

Wall Street Analyst Weigh In

A number of research firms recently commented on WCN. Morgan Stanley increased their price target on Waste Connections from $214.00 to $219.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. StockNews.com cut shares of Waste Connections from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Jefferies Financial Group decreased their price objective on shares of Waste Connections from $225.00 to $210.00 and set a "buy" rating for the company in a research note on Thursday, January 30th. William Blair began coverage on Waste Connections in a research note on Thursday, April 3rd. They issued an "outperform" rating on the stock. Finally, Citigroup decreased their price target on Waste Connections from $218.00 to $209.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Waste Connections currently has an average rating of "Moderate Buy" and a consensus 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.