Segall Bryant & Hamill LLC lifted its holdings in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 8.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,762 shares of the business services provider's stock after acquiring an additional 5,149 shares during the quarter. Segall Bryant & Hamill LLC's holdings in Waste Connections were worth $11,112,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in WCN. Manchester Capital Management LLC acquired a new position in shares of Waste Connections during the fourth quarter worth about $26,000. Private Trust Co. NA raised its holdings in shares of Waste Connections by 153.3% during the 4th quarter. Private Trust Co. NA now owns 152 shares of the business services provider's stock valued at $26,000 after buying an additional 92 shares during the period. Stonebridge Financial Group LLC acquired a new position in Waste Connections during the 4th quarter worth approximately $27,000. Smartleaf Asset Management LLC boosted its holdings in 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, Sierra Ocean LLC acquired a new stake in Waste Connections in the fourth quarter valued at approximately $39,000. 86.09% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on WCN shares. Citigroup boosted their target price on shares of Waste Connections from $195.00 to $196.00 and gave the stock a "neutral" rating in a research report on Monday, January 13th. Stifel Nicolaus upped 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. CIBC dropped their target price on Waste Connections from $215.00 to $212.00 and set an "outperform" rating on the stock in a research report on Thursday, December 19th. Oppenheimer boosted their price target 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 lowered their price objective on 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. 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $202.43.
Check Out Our Latest Stock Analysis on Waste Connections
Waste Connections Stock Performance
Waste Connections 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 current ratio of 0.65, a quick 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. The business has a 50 day moving average price of $187.14 and a 200-day moving average price of $182.89. The firm has a market cap of $49.81 billion, a price-to-earnings ratio of 80.67, a PEG ratio of 3.07 and a beta of 0.81.
Waste Connections (NYSE:WCN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.16 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%. Sell-side analysts predict that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.
Waste Connections Announces Dividend
The business also recently announced 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 0.65%. The ex-dividend date of this dividend was Thursday, February 27th. Waste Connections's dividend payout ratio (DPR) is presently 52.72%.
Waste Connections Company Profile
(
Free Report)
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.
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