Motley Fool Asset Management LLC Has $18.31 Million Holdings in Waste Connections, Inc. (NYSE:WCN)

Motley Fool Asset Management LLC grew its stake in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 6.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 106,737 shares of the business services provider's stock after purchasing an additional 6,248 shares during the quarter. Waste Connections makes up 1.0% of Motley Fool Asset Management LLC's portfolio, making the stock its 23rd largest holding. Motley Fool Asset Management LLC's holdings in Waste Connections were worth $18,314,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in WCN. Private Trust Co. NA increased its position in Waste Connections by 153.3% in the fourth quarter. Private Trust Co. NA now owns 152 shares of the business services provider's stock worth $26,000 after buying an additional 92 shares during the period. Manchester Capital Management LLC acquired a new position in shares of Waste Connections during the fourth quarter valued at $26,000. Stonebridge Financial Group LLC bought a new position in shares of Waste Connections during the fourth quarter worth about $27,000. Smartleaf Asset Management LLC increased its holdings in shares of Waste Connections by 59.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider's stock worth $33,000 after acquiring an additional 71 shares during the period. Finally, Continuum Advisory LLC lifted its position in Waste Connections by 58.0% in the 3rd quarter. Continuum Advisory LLC now owns 226 shares of the business services provider's stock valued at $42,000 after purchasing an additional 83 shares during the last quarter. 86.09% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Waste Connections Trading Down 1.3 %

Shares of Waste Connections stock traded down $2.42 during trading on Monday, hitting $184.53. The stock had a trading volume of 1,479,497 shares, compared to its average volume of 941,571. Waste Connections, Inc. has a 1 year low of $160.34 and a 1 year high of $201.66. The stock has a 50 day simple moving average of $188.80 and a 200 day simple moving average of $183.31. 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 has a market capitalization of $47.68 billion, a PE ratio of 77.39, a P/E/G ratio of 3.07 and a beta of 0.67.

Waste Connections (NYSE:WCN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.16 earnings per share for the quarter, missing the consensus estimate 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, research analysts expect that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were issued a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Thursday, February 27th. Waste Connections's dividend payout ratio is currently 52.72%.

Analyst Ratings Changes

Several research firms have commented on WCN. StockNews.com cut shares of Waste Connections from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Scotiabank reduced their price objective on 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. Morgan Stanley raised their target price on Waste Connections from $214.00 to $219.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Jefferies Financial Group lowered their target price on shares of Waste Connections from $225.00 to $210.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. Finally, CIBC decreased their price objective on shares of Waste Connections from $215.00 to $212.00 and set an "outperform" rating for the company in a report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $204.00.

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.