Waste Connections, Inc. (NYSE:WCN) Shares Sold by Jane Street Group LLC

Jane Street Group LLC trimmed its position in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 47.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,916 shares of the business services provider's stock after selling 61,471 shares during the quarter. Jane Street Group LLC's holdings in Waste Connections were worth $11,966,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Global Trust Asset Management LLC purchased a new position in shares of Waste Connections during the third quarter valued at about $36,000. FSA Wealth Management LLC bought a new stake in Waste Connections in the third quarter worth about $40,000. Asset Dedication LLC bought a new stake in Waste Connections in the third quarter worth about $41,000. Signature Resources Capital Management LLC bought a new stake in Waste Connections in the second quarter worth about $45,000. Finally, Kennebec Savings Bank bought a new stake in Waste Connections in the third quarter worth about $47,000. 86.09% of the stock is owned by institutional investors.

Waste Connections Stock Down 0.3 %

Shares of NYSE WCN traded down $0.60 during mid-day trading on Thursday, reaching $184.24. The company had a trading volume of 697,981 shares, compared to its average volume of 883,471. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99. The firm has a 50 day simple moving average of $183.92 and a two-hundred day simple moving average of $179.88. The stock has a market cap of $47.55 billion, a P/E ratio of 50.70, a PEG ratio of 3.18 and a beta of 0.74. Waste Connections, Inc. has a 52-week low of $144.69 and a 52-week high of $194.83.

Waste Connections (NYSE:WCN - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $1.35 EPS for the quarter, beating analysts' consensus estimates of $1.30 by $0.05. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.30 billion. Waste Connections had a net margin of 10.81% and a return on equity of 15.43%. The company's revenue was up 13.3% on a year-over-year basis. During the same period last year, the firm posted $1.17 EPS. Sell-side analysts predict that Waste Connections, Inc. will post 4.84 earnings per share for the current year.

Waste Connections Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were given a dividend of $0.315 per share. This is an increase from Waste Connections's previous quarterly dividend of $0.29. This represents a $1.26 annualized dividend and a yield of 0.68%. The ex-dividend date was Thursday, November 7th. Waste Connections's dividend payout ratio (DPR) is presently 34.62%.

Analyst Ratings Changes

WCN has been the topic of a number of research reports. CIBC raised their target price on shares of Waste Connections from $199.00 to $215.00 and gave the stock an "outperformer" rating in a research report on Wednesday, December 4th. Stifel Nicolaus raised 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. Royal Bank of Canada raised their target price on shares of Waste Connections from $199.00 to $201.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. BMO Capital Markets reduced their target price on shares of Waste Connections from $198.00 to $196.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. Finally, Scotiabank began coverage on shares of Waste Connections in a research report on Friday, October 4th. They set a "sector perform" rating and a $196.00 target price on the stock. Five 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $199.81.

About Waste Connections

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.