Waste Connections, Inc. (NYSE:WCN) Shares Sold by US Bancorp DE

US Bancorp DE decreased its holdings in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 6.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,170 shares of the business services provider's stock after selling 3,813 shares during the period. US Bancorp DE's holdings in Waste Connections were worth $10,153,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Fifth Third Bancorp raised its position in Waste Connections by 8.8% in the fourth quarter. Fifth Third Bancorp now owns 705 shares of the business services provider's stock worth $121,000 after acquiring an additional 57 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Waste Connections by 0.4% in the 4th quarter. Jennison Associates LLC now owns 14,247 shares of the business services provider's stock valued at $2,445,000 after purchasing an additional 63 shares in the last quarter. Continuum Advisory LLC lifted its stake in shares of Waste Connections by 58.0% in the third quarter. Continuum Advisory LLC now owns 226 shares of the business services provider's stock valued at $42,000 after purchasing an additional 83 shares during the period. Kingsview Wealth Management LLC boosted its holdings in 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 buying an additional 90 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Waste Connections by 0.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 29,220 shares of the business services provider's stock worth $5,014,000 after buying an additional 92 shares during the period. 86.09% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. StockNews.com lowered Waste Connections from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Scotiabank lowered their target price on Waste Connections from $196.00 to $192.00 and set a "sector perform" rating on the stock in a report on Monday, January 27th. Truist Financial reaffirmed a "buy" rating and set a $210.00 price target (up previously from $200.00) on shares of Waste Connections in a research note on Friday, February 14th. Jefferies Financial Group lowered their price objective on shares of Waste Connections from $225.00 to $210.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. Finally, Stifel Nicolaus raised their target price on shares of Waste Connections from $205.00 to $212.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Waste Connections has a consensus rating of "Moderate Buy" and a consensus target price of $202.43.

Waste Connections Trading Up 1.4 %

NYSE WCN traded up $2.59 during trading hours on Friday, hitting $188.35. 1,294,513 shares of the company's stock were exchanged, compared to its average volume of 876,780. The business's 50 day moving average is $182.42 and its 200-day moving average is $182.51. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.65 and a current ratio of 0.65. Waste Connections, Inc. has a 12-month low of $160.34 and a 12-month high of $194.83. The firm has a market capitalization of $48.61 billion, a P/E ratio of 78.81, a price-to-earnings-growth ratio of 3.07 and a beta of 0.81.

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 return on equity of 15.54% and a net margin of 6.92%. As a group, analysts anticipate that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Dividend Announcement

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