Choreo LLC Has $773,000 Stake in Waste Connections, Inc. (NYSE:WCN)

Choreo LLC decreased its position in Waste Connections, Inc. (NYSE:WCN - Free Report) by 35.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,516 shares of the business services provider's stock after selling 2,454 shares during the period. Choreo LLC's holdings in Waste Connections were worth $773,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in shares of Waste Connections by 307.1% in the 3rd quarter. Principal Financial Group Inc. now owns 1,927,155 shares of the business services provider's stock worth $344,615,000 after acquiring an additional 1,453,733 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Waste Connections by 432.6% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,259,312 shares of the business services provider's stock worth $225,078,000 after purchasing an additional 1,022,851 shares during the period. National Bank of Canada FI boosted its stake in Waste Connections by 35.3% during the 3rd quarter. National Bank of Canada FI now owns 2,678,562 shares of the business services provider's stock valued at $478,777,000 after purchasing an additional 699,012 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Waste Connections by 44.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,964,082 shares of the business services provider's stock valued at $351,037,000 after purchasing an additional 602,055 shares in the last quarter. Finally, Two Sigma Advisers LP increased its position in shares of Waste Connections by 199.4% during the 3rd quarter. Two Sigma Advisers LP now owns 591,250 shares of the business services provider's stock valued at $105,727,000 after purchasing an additional 393,763 shares during the period. 86.09% of the stock is currently owned by institutional investors and hedge funds.

Waste Connections Stock Down 0.6 %

NYSE:WCN traded down $1.07 during trading hours on Thursday, reaching $188.91. The company's stock had a trading volume of 2,273,849 shares, compared to its average volume of 979,174. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market cap of $48.75 billion, a price-to-earnings ratio of 51.90, a price-to-earnings-growth ratio of 2.97 and a beta of 0.77. Waste Connections, Inc. has a one year low of $158.16 and a one year high of $194.83. The business's 50-day moving average is $179.42 and its 200-day moving average is $181.49.

Waste Connections (NYSE:WCN - Get Free Report) last issued 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 return on equity of 15.43% and a net margin of 10.81%. Equities research analysts predict that Waste Connections, Inc. will post 4.83 EPS for the current year.

Waste Connections Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be paid a dividend of $0.315 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $1.26 dividend on an annualized basis and a yield of 0.67%. Waste Connections's dividend payout ratio is currently 34.62%.

Wall Street Analyst Weigh In

WCN has been the topic of a number of research analyst reports. Jefferies Financial Group lowered their target price on Waste Connections from $225.00 to $210.00 and set a "buy" rating on the stock in a report on Thursday, January 30th. CIBC cut their target price on shares of Waste Connections from $215.00 to $212.00 and set an "outperform" rating for the company in a research note on Thursday, December 19th. Oppenheimer raised their price objective on Waste Connections from $192.00 to $195.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. Royal Bank of Canada boosted their target price on Waste Connections from $199.00 to $201.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Finally, BMO Capital Markets decreased their price target on Waste Connections from $198.00 to $196.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $199.06.

Waste Connections 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.