Waste Connections, Inc. (NYSE:WCN) Stake Trimmed by Sciencast Management LP

Sciencast Management LP cut its stake in Waste Connections, Inc. (NYSE:WCN - Free Report) by 12.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,315 shares of the business services provider's stock after selling 1,760 shares during the period. Sciencast Management LP's holdings in Waste Connections were worth $2,113,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Blueshift Asset Management LLC bought a new stake in shares of Waste Connections in the 3rd quarter worth about $552,000. Dynamic Technology Lab Private Ltd bought a new stake in Waste Connections in the third quarter valued at about $2,503,000. Barclays PLC raised its stake in Waste Connections by 34.3% during the third quarter. Barclays PLC now owns 303,040 shares of the business services provider's stock valued at $54,190,000 after buying an additional 77,466 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Waste Connections by 785.1% during the 4th quarter. GAMMA Investing LLC now owns 4,682 shares of the business services provider's stock worth $803,000 after buying an additional 4,153 shares during the last quarter. Finally, TCW Group Inc. grew its position in shares of Waste Connections by 6.7% in the 3rd quarter. TCW Group Inc. now owns 722,426 shares of the business services provider's stock worth $129,184,000 after acquiring an additional 45,215 shares in the last quarter. 86.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WCN has been the topic of several research reports. Stifel Nicolaus upped their price target on Waste Connections from $205.00 to $212.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. Citigroup increased 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. Jefferies Financial Group decreased their price target on shares of Waste Connections from $225.00 to $210.00 and set a "buy" rating for the company in a report on Thursday, January 30th. Oppenheimer upped their price objective on Waste Connections from $192.00 to $195.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. Finally, Scotiabank dropped their price objective on shares of Waste Connections from $196.00 to $192.00 and set a "sector perform" rating on the stock in a report on Monday, January 27th. Four equities research 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. Based on data from MarketBeat, Waste Connections presently has an average rating of "Moderate Buy" and an average target price of $202.43.

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Waste Connections Price Performance

Shares of NYSE:WCN traded up $2.14 during trading on Tuesday, reaching $193.07. The company had a trading volume of 891,754 shares, compared to its average volume of 883,565. Waste Connections, Inc. has a twelve month low of $160.34 and a twelve month high of $194.83. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market capitalization of $49.83 billion, a PE ratio of 80.78, a price-to-earnings-growth ratio of 3.07 and a beta of 0.81. The firm's fifty day moving average is $186.24 and its 200 day moving average is $182.72.

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

Waste Connections Dividend Announcement

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

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.