2,255 Shares in Waste Connections, Inc. (NYSE:WCN) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,255 shares of the business services provider's stock, valued at approximately $387,000.

Several other large investors have also recently bought and sold shares of WCN. Principal Financial Group Inc. increased its holdings in shares of Waste Connections by 307.1% during the 3rd quarter. Principal Financial Group Inc. now owns 1,927,155 shares of the business services provider's stock worth $344,615,000 after purchasing an additional 1,453,733 shares during the period. Charles Schwab Investment Management Inc. grew its position in Waste Connections by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 564,335 shares of the business services provider's stock worth $100,983,000 after buying an additional 22,500 shares in the last quarter. Citigroup Inc. increased its holdings in Waste Connections by 10.9% in the 3rd quarter. Citigroup Inc. now owns 123,896 shares of the business services provider's stock valued at $22,171,000 after buying an additional 12,187 shares during the period. Cerity Partners LLC raised its stake in shares of Waste Connections by 86.7% in the 3rd quarter. Cerity Partners LLC now owns 10,932 shares of the business services provider's stock valued at $1,955,000 after buying an additional 5,078 shares in the last quarter. Finally, Kingsview Wealth Management LLC lifted its holdings in shares of Waste Connections by 6.3% during the 3rd quarter. Kingsview Wealth Management LLC now owns 1,515 shares of the business services provider's stock worth $271,000 after acquiring an additional 90 shares during the period. 86.09% of the stock is currently owned by institutional investors and hedge funds.

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Waste Connections Trading Down 0.6 %

Shares of Waste Connections stock traded down $1.11 during trading on Friday, reaching $192.80. 728,768 shares of the company were exchanged, compared to its average volume of 913,883. The business has a 50-day moving average price of $187.14 and a 200-day moving average price of $182.91. The firm has a market capitalization of $49.81 billion, a price-to-earnings ratio of 80.67, a P/E/G ratio of 3.07 and a beta of 0.81. 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 twelve month low of $160.34 and a twelve month high of $194.83.

Waste Connections (NYSE:WCN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.20 by ($0.04). Waste Connections had a net margin of 6.92% and a return on equity of 15.54%. Sell-side analysts anticipate that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were issued a $0.315 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.26 annualized dividend and a dividend yield of 0.65%. Waste Connections's dividend payout ratio (DPR) is currently 52.72%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on WCN shares. Morgan Stanley increased their price target on shares of Waste Connections from $214.00 to $219.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. CIBC decreased their price objective on shares of Waste Connections from $215.00 to $212.00 and set an "outperform" rating on the stock in a report on Thursday, December 19th. Scotiabank dropped their target price on shares of Waste Connections from $196.00 to $192.00 and set a "sector perform" rating for the company in a research note on Monday, January 27th. Truist Financial reissued a "buy" rating and set a $210.00 price target (up from $200.00) on shares of Waste Connections in a research note on Friday, February 14th. Finally, StockNews.com cut shares of Waste Connections from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Waste Connections has an average rating of "Moderate Buy" and an average 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.