Waste Connections, Inc. (NYSE:WCN) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 14.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 980,250 shares of the business services provider's stock after selling 168,983 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.38% of Waste Connections worth $175,288,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. American Trust grew its stake in shares of Waste Connections by 3.7% during the second quarter. American Trust now owns 1,573 shares of the business services provider's stock valued at $276,000 after acquiring an additional 56 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Waste Connections by 15.0% during the third quarter. GAMMA Investing LLC now owns 529 shares of the business services provider's stock valued at $95,000 after acquiring an additional 69 shares in the last quarter. First Horizon Advisors Inc. grew its stake in shares of Waste Connections by 8.8% during the second quarter. First Horizon Advisors Inc. now owns 916 shares of the business services provider's stock valued at $161,000 after acquiring an additional 74 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of Waste Connections by 1.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 5,966 shares of the business services provider's stock valued at $1,047,000 after acquiring an additional 82 shares in the last quarter. Finally, Kingsview Wealth Management LLC lifted its position in shares of Waste Connections by 6.3% during the third quarter. Kingsview Wealth Management LLC now owns 1,515 shares of the business services provider's stock worth $271,000 after purchasing an additional 90 shares during the last quarter. 86.09% of the stock is currently owned by institutional investors and hedge funds.

Waste Connections Stock Performance

Shares of NYSE:WCN traded down $0.71 during trading hours on Friday, hitting $192.47. The stock had a trading volume of 587,509 shares, compared to its average volume of 905,236. The stock's fifty day simple moving average is $182.31 and its 200 day simple moving average is $178.59. Waste Connections, Inc. has a 1-year low of $132.65 and a 1-year high of $194.83. The firm has a market capitalization of $49.67 billion, a price-to-earnings ratio of 52.88, a PEG ratio of 3.21 and a beta of 0.72. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.77 and a current ratio of 0.77.

Waste Connections (NYSE:WCN - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.35 EPS for the quarter, beating the consensus estimate of $1.30 by $0.05. Waste Connections had a net margin of 10.81% and a return on equity of 15.43%. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same quarter last year, the business earned $1.17 earnings per share. Waste Connections's revenue was up 13.3% compared to the same quarter last year. Sell-side analysts anticipate that Waste Connections, Inc. will post 4.84 earnings per share for the current fiscal year.

Waste Connections Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were paid a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date was Thursday, November 7th. This is a positive change from Waste Connections's previous quarterly dividend of $0.29. Waste Connections's dividend payout ratio (DPR) is currently 34.62%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Scotiabank assumed coverage on shares of Waste Connections in a research report on Friday, October 4th. They set a "sector perform" rating and a $196.00 price target on the stock. Citigroup increased their price target on shares of Waste Connections from $190.00 to $195.00 and gave the stock a "neutral" rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. reduced their price target on shares of Waste Connections from $198.00 to $197.00 and set an "overweight" rating on the stock in a research report on Friday, October 25th. Oppenheimer increased their price target on shares of Waste Connections from $191.00 to $194.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st. Finally, Eight Capital raised shares of Waste Connections to a "hold" rating in a research report on Wednesday, October 9th. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $195.56.

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.