Corient Private Wealth LLC Has $13.01 Million Holdings in Waste Connections, Inc. (NYSE:WCN)

Corient Private Wealth LLC cut its holdings in Waste Connections, Inc. (NYSE:WCN - Free Report) by 9.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 75,822 shares of the business services provider's stock after selling 7,738 shares during the quarter. Corient Private Wealth LLC's holdings in Waste Connections were worth $13,009,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Principal Financial Group Inc. increased its stake in Waste Connections by 307.1% in the 3rd quarter. Principal Financial Group Inc. now owns 1,927,155 shares of the business services provider's stock worth $344,615,000 after purchasing an additional 1,453,733 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Waste Connections in the 4th quarter worth about $240,422,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Waste Connections by 432.6% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,259,312 shares of the business services provider's stock worth $225,078,000 after purchasing an additional 1,022,851 shares in the last quarter. National Bank of Canada FI increased its stake in Waste Connections by 35.3% in the 3rd quarter. National Bank of Canada FI now owns 2,678,562 shares of the business services provider's stock worth $478,777,000 after purchasing an additional 699,012 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Waste Connections by 44.2% in the 3rd 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 purchasing an additional 602,055 shares in the last quarter. 86.09% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

WCN has been the topic of a number of analyst reports. StockNews.com cut Waste Connections from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Scotiabank dropped their price target on Waste Connections from $196.00 to $192.00 and set a "sector perform" rating on the stock in a research note on Monday, January 27th. Morgan Stanley lifted their target price on Waste Connections from $214.00 to $219.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Oppenheimer lifted their target price on Waste Connections from $192.00 to $195.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. Finally, Citigroup lifted their target price on Waste Connections from $195.00 to $196.00 and gave the company a "neutral" rating in a research note on Monday, January 13th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $202.43.

Waste Connections Stock Performance

WCN traded down $0.51 on Friday, hitting $189.35. The company had a trading volume of 910,958 shares, compared to its average volume of 882,302. The company's fifty day moving average price is $185.60 and its 200 day moving average price is $182.62. Waste Connections, Inc. has a 1-year low of $160.34 and a 1-year high of $194.83. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market cap of $48.86 billion, a price-to-earnings ratio of 79.22, a price-to-earnings-growth ratio of 3.07 and a beta of 0.81.

Waste Connections (NYSE:WCN - Get Free Report) last posted its earnings results 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%. Equities analysts predict that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were issued a $0.315 dividend. The ex-dividend date was Thursday, February 27th. This represents a $1.26 annualized dividend and a yield of 0.67%. Waste Connections's dividend payout ratio (DPR) is currently 52.72%.

About Waste Connections

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.