Motley Fool Wealth Management LLC Has $10.13 Million Stock Holdings in Waste Connections, Inc. (NYSE:WCN)

Motley Fool Wealth Management LLC reduced its stake in Waste Connections, Inc. (NYSE:WCN - Free Report) by 8.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,848 shares of the business services provider's stock after selling 5,784 shares during the period. Motley Fool Wealth Management LLC's holdings in Waste Connections were worth $10,132,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Blueshift Asset Management LLC acquired a new position in shares of Waste Connections during the third quarter worth $552,000. Barclays PLC increased its holdings in Waste Connections by 34.3% in the 3rd quarter. Barclays PLC now owns 303,040 shares of the business services provider's stock worth $54,190,000 after purchasing an additional 77,466 shares in the last quarter. GAMMA Investing LLC raised its position in Waste Connections by 785.1% in the fourth quarter. GAMMA Investing LLC now owns 4,682 shares of the business services provider's stock valued at $803,000 after purchasing an additional 4,153 shares during the last quarter. TCW Group Inc. boosted its stake in shares of Waste Connections by 6.7% during the third quarter. TCW Group Inc. now owns 722,426 shares of the business services provider's stock valued at $129,184,000 after purchasing an additional 45,215 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in shares of Waste Connections by 6.4% during the third quarter. Nomura Asset Management Co. Ltd. now owns 72,189 shares of the business services provider's stock worth $12,909,000 after purchasing an additional 4,330 shares during the last quarter. 86.09% of the stock is owned by institutional investors.

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Waste Connections Trading Down 0.6 %

WCN stock traded down $1.11 during mid-day trading on Friday, reaching $192.80. The company's stock had a trading volume of 728,768 shares, compared to its average volume of 913,883. The company has a market cap of $49.81 billion, a price-to-earnings ratio of 80.67, a price-to-earnings-growth ratio of 3.07 and a beta of 0.81. Waste Connections, Inc. has a 12 month low of $160.34 and a 12 month high of $194.83. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.03. The business's 50 day moving average price is $187.14 and its 200 day moving average price is $182.91.

Waste Connections (NYSE:WCN - Get Free Report) last issued its earnings results on Wednesday, February 12th. The business services provider reported $1.16 earnings per share (EPS) 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, equities research analysts predict that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were paid a $0.315 dividend. The ex-dividend date was Thursday, February 27th. This represents a $1.26 annualized dividend and a dividend yield of 0.65%. Waste Connections's dividend payout ratio is presently 52.72%.

Wall Street Analyst Weigh In

WCN has been the subject of a number of research reports. Scotiabank dropped their price objective on shares of Waste Connections from $196.00 to $192.00 and set a "sector perform" rating for the company in a report on Monday, January 27th. Citigroup raised their price target on shares of Waste Connections from $195.00 to $196.00 and gave the company a "neutral" rating in a research note on Monday, January 13th. CIBC reduced their price objective on shares of Waste Connections from $215.00 to $212.00 and set an "outperform" rating on the stock in a research note on Thursday, December 19th. Morgan Stanley raised their target price on Waste Connections from $214.00 to $219.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Finally, Oppenheimer upped their price target on Waste Connections from $192.00 to $195.00 and gave the company an "outperform" rating in a research report on Friday, December 13th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $202.43.

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.