Gabelli Funds LLC trimmed its stake in Waste Connections, Inc. (NYSE:WCN - Free Report) by 3.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 196,312 shares of the business services provider's stock after selling 8,000 shares during the period. Gabelli Funds LLC owned about 0.08% of Waste Connections worth $33,683,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Manchester Capital Management LLC acquired a new position in Waste Connections in the 4th quarter valued at approximately $26,000. Private Trust Co. NA increased its holdings in Waste Connections by 153.3% in the 4th quarter. Private Trust Co. NA now owns 152 shares of the business services provider's stock valued at $26,000 after buying an additional 92 shares during the period. Stonebridge Financial Group LLC acquired a new position in shares of Waste Connections in the 4th quarter valued at $27,000. Aster Capital Management DIFC Ltd bought a new position in shares of Waste Connections during the 4th quarter worth about $28,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of Waste Connections by 59.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider's stock valued at $33,000 after acquiring an additional 71 shares in the last quarter. Institutional investors own 86.09% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the company. Citigroup lowered their price objective on Waste Connections from $218.00 to $209.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Jefferies Financial Group cut their price target on shares of Waste Connections from $225.00 to $210.00 and set a "buy" rating for the company in a report on Thursday, January 30th. Morgan Stanley raised their price target on Waste Connections from $214.00 to $219.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Scotiabank increased their target price on Waste Connections from $192.00 to $207.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 8th. Finally, William Blair initiated coverage on Waste Connections in a report on Thursday, April 3rd. They issued an "outperform" rating for the company. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Waste Connections presently has a consensus rating of "Moderate Buy" and a consensus price target of $204.43.
Check Out Our Latest Report on WCN
Waste Connections Stock Up 0.4 %
Shares of WCN traded up $0.75 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 company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.03. Waste Connections, Inc. has a fifty-two week low of $160.34 and a fifty-two week high of $201.66. The firm's fifty day moving average price is $190.03 and its 200-day moving average price is $184.19. The firm has a market capitalization of $50.98 billion, a price-to-earnings ratio of 82.56, a P/E/G ratio of 3.07 and a beta of 0.67.
Waste Connections (NYSE:WCN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.16 EPS for the quarter, missing analysts' consensus estimates of $1.20 by ($0.04). Waste Connections had a return on equity of 15.54% and a net margin of 6.92%. On average, equities research analysts expect that Waste Connections, Inc. will post 5.28 EPS for the current year.
Waste Connections Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were given a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date was Thursday, February 27th. Waste Connections's dividend payout ratio is presently 52.72%.
About Waste Connections
(
Free Report)
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.
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