TimesSquare Capital Management LLC Has $76.33 Million Stake in Waste Connections, Inc. (NYSE:WCN)

TimesSquare Capital Management LLC reduced its stake in Waste Connections, Inc. (NYSE:WCN - Free Report) by 22.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 444,848 shares of the business services provider's stock after selling 132,486 shares during the period. Waste Connections makes up approximately 1.1% of TimesSquare Capital Management LLC's investment portfolio, making the stock its 27th biggest position. TimesSquare Capital Management LLC owned about 0.17% of Waste Connections worth $76,327,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in WCN. Principal Financial Group Inc. raised its position in Waste Connections by 307.1% during the third quarter. Principal Financial Group Inc. now owns 1,927,155 shares of the business services provider's stock valued at $344,615,000 after purchasing an additional 1,453,733 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Waste Connections by 432.6% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,259,312 shares of the business services provider's stock worth $225,078,000 after buying an additional 1,022,851 shares in the last quarter. National Bank of Canada FI increased its holdings in shares of Waste Connections by 35.3% during the third quarter. National Bank of Canada FI now owns 2,678,562 shares of the business services provider's stock worth $478,777,000 after buying an additional 699,012 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Waste Connections by 44.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,964,082 shares of the business services provider's stock worth $351,037,000 after buying an additional 602,055 shares in the last quarter. Finally, Two Sigma Advisers LP increased its holdings in shares of Waste Connections by 199.4% during the third quarter. Two Sigma Advisers LP now owns 591,250 shares of the business services provider's stock worth $105,727,000 after buying an additional 393,763 shares in the last quarter. 86.09% of the stock is currently owned by institutional investors and hedge funds.

Waste Connections Trading Down 0.2 %

WCN traded down $0.44 during trading on Friday, reaching $187.41. 866,421 shares of the stock traded hands, compared to its average volume of 982,168. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $48.37 billion, a PE ratio of 78.41, a P/E/G ratio of 3.07 and a beta of 0.77. The stock's 50-day moving average is $179.73 and its 200 day moving average is $181.98. Waste Connections, Inc. has a 12 month low of $160.34 and a 12 month high of $194.83.

Waste Connections (NYSE:WCN - Get Free Report) last released 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 return on equity of 15.54% and a net margin of 6.92%. Equities analysts anticipate that Waste Connections, Inc. will post 5.28 earnings per share for the current year.

Waste Connections Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th will be paid a $0.315 dividend. The ex-dividend date is Thursday, February 27th. This represents a $1.26 annualized dividend and a dividend yield of 0.67%. Waste Connections's dividend payout ratio is presently 52.72%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Oppenheimer upped their price target on shares of Waste Connections from $192.00 to $195.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. BMO Capital Markets lowered their price target on shares of Waste Connections from $198.00 to $196.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Scotiabank lowered their price target 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. Raymond James lowered their price target on shares of Waste Connections from $208.00 to $205.00 and set a "strong-buy" rating for the company in a report on Friday, October 25th. Finally, Jefferies Financial Group decreased their price objective on Waste Connections from $225.00 to $210.00 and set a "buy" rating for the company in a report on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $201.00.

Waste Connections Company 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.