Natixis Advisors LLC Sells 4,422 Shares of Waste Connections, Inc. (NYSE:WCN)

Natixis Advisors LLC lowered its position in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 193,858 shares of the business services provider's stock after selling 4,422 shares during the period. Natixis Advisors LLC owned approximately 0.08% of Waste Connections worth $33,262,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blueshift Asset Management LLC bought a new stake in shares of Waste Connections during the third quarter valued at approximately $552,000. Dynamic Technology Lab Private Ltd purchased a new stake in Waste Connections in the third quarter worth approximately $2,503,000. Barclays PLC boosted its holdings in Waste Connections by 34.3% in the third 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 during the last quarter. GAMMA Investing LLC boosted its holdings 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 worth $803,000 after purchasing an additional 4,153 shares during the last quarter. Finally, TCW Group Inc. boosted its holdings in Waste Connections by 6.7% in the third quarter. TCW Group Inc. now owns 722,426 shares of the business services provider's stock worth $129,184,000 after purchasing an additional 45,215 shares during the last quarter. Institutional investors own 86.09% of the company's stock.

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Waste Connections Price Performance

Shares of NYSE WCN traded down $0.72 during mid-day trading on Thursday, hitting $189.98. 748,501 shares of the company's stock traded hands, compared to its average volume of 879,329. The company's 50-day moving average is $185.02 and its two-hundred day moving average is $182.57. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market capitalization of $49.03 billion, a P/E ratio of 79.49, a PEG ratio of 3.07 and a beta of 0.81. Waste Connections, Inc. has a 1 year low of $160.34 and a 1 year high of $194.83.

Waste Connections (NYSE:WCN - Get Free Report) last announced 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 net margin of 6.92% and a return on equity of 15.54%. On average, equities analysts anticipate that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Announces Dividend

The company also recently disclosed 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 0.66%. The ex-dividend date of this dividend was Thursday, February 27th. Waste Connections's dividend payout ratio (DPR) is currently 52.72%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Citigroup raised their target price on shares of Waste Connections from $195.00 to $196.00 and gave the stock a "neutral" rating in a report on Monday, January 13th. Truist Financial reissued a "buy" rating and set a $210.00 price objective (up previously from $200.00) on shares of Waste Connections in a research report on Friday, February 14th. Stifel Nicolaus boosted their price objective on shares of Waste Connections from $205.00 to $212.00 and gave the company 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. Finally, Scotiabank cut 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 research report on Monday, January 27th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $202.43.

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.