Daiwa Securities Group Inc. Reduces Stock Position in Waste Connections, Inc. (NYSE:WCN)

Daiwa Securities Group Inc. lowered its stake in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 20.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 68,509 shares of the business services provider's stock after selling 17,330 shares during the period. Daiwa Securities Group Inc.'s holdings in Waste Connections were worth $11,755,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Manchester Capital Management LLC acquired a new position in shares of Waste Connections during the fourth quarter valued at about $26,000. Private Trust Co. NA raised its holdings in shares of Waste Connections by 153.3% during the fourth quarter. Private Trust Co. NA now owns 152 shares of the business services provider's stock valued at $26,000 after purchasing an additional 92 shares during the period. Stonebridge Financial Group LLC acquired a new position in shares of Waste Connections during the fourth quarter valued at about $27,000. Smartleaf Asset Management LLC raised its holdings in shares of Waste Connections by 59.7% during 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 during the period. Finally, Sierra Ocean LLC acquired a new position in shares of Waste Connections during the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 86.09% of the company's stock.

Waste Connections Stock Up 0.0 %

WCN stock traded up $0.01 during trading on Thursday, reaching $183.18. The stock had a trading volume of 1,010,595 shares, compared to its average volume of 879,347. Waste Connections, Inc. has a one year low of $160.34 and a one year high of $194.83. 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 company's 50 day moving average is $183.81 and its two-hundred day moving average is $182.54. The company has a market capitalization of $47.27 billion, a price-to-earnings ratio of 76.65, a P/E/G ratio of 3.07 and a beta of 0.81.

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Waste Connections (NYSE:WCN - Get Free Report) last released its earnings results 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%. Equities research analysts forecast that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be paid a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Thursday, February 27th. Waste Connections's payout ratio is 52.72%.

Wall Street Analysts Forecast Growth

WCN has been the topic of several research reports. Oppenheimer upped their price objective on shares of Waste Connections from $192.00 to $195.00 and gave the company an "outperform" rating in a report on Friday, December 13th. Stifel Nicolaus boosted their target price on shares of Waste Connections from $205.00 to $212.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. StockNews.com downgraded shares of Waste Connections from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Scotiabank decreased their target price on shares of Waste Connections from $196.00 to $192.00 and set a "sector perform" rating for the company in a research report on Monday, January 27th. Finally, Truist Financial reissued a "buy" rating and set a $210.00 target price (up from $200.00) on shares of Waste Connections in a research report on Friday, February 14th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $202.43.

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.