Wilmington Savings Fund Society FSB Purchases 2,414 Shares of Waste Connections, Inc. (NYSE:WCN)

Wilmington Savings Fund Society FSB grew its stake in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 229.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,468 shares of the business services provider's stock after acquiring an additional 2,414 shares during the period. Wilmington Savings Fund Society FSB's holdings in Waste Connections were worth $595,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in WCN. Fifth Third Bancorp increased its stake in Waste Connections by 8.8% in the fourth quarter. Fifth Third Bancorp now owns 705 shares of the business services provider's stock valued at $121,000 after acquiring an additional 57 shares during the last quarter. Jennison Associates LLC lifted its stake in Waste Connections by 0.4% during the fourth quarter. Jennison Associates LLC now owns 14,247 shares of the business services provider's stock worth $2,445,000 after purchasing an additional 63 shares during the last quarter. GAMMA Investing LLC lifted its stake in Waste Connections by 15.0% during the third quarter. GAMMA Investing LLC now owns 529 shares of the business services provider's stock worth $95,000 after purchasing an additional 69 shares during the last quarter. Continuum Advisory LLC lifted its stake in Waste Connections by 58.0% during the third quarter. Continuum Advisory LLC now owns 226 shares of the business services provider's stock worth $42,000 after purchasing an additional 83 shares during the last quarter. Finally, Kingsview Wealth Management LLC lifted its stake 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 purchasing an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 86.09% of the company's stock.

Waste Connections Trading Up 0.1 %

NYSE:WCN traded up $0.23 during mid-day trading on Friday, reaching $189.08. 1,261,705 shares of the company's stock traded hands, compared to its average volume of 988,590. 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 $48.80 billion, a price-to-earnings ratio of 51.94, a PEG ratio of 2.97 and a beta of 0.77. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.77 and a quick ratio of 0.77. The company has a 50 day moving average price of $179.39 and a 200-day moving average price of $181.54.

Waste Connections (NYSE:WCN - Get Free Report) last announced its quarterly earnings results 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 net margin of 10.81% and a return on equity of 15.43%. On average, sell-side analysts predict that Waste Connections, Inc. will post 4.83 earnings per share for the current year.

Waste Connections Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be given a dividend of $0.315 per share. The ex-dividend date is Thursday, February 27th. This represents a $1.26 annualized dividend and a yield of 0.67%. Waste Connections's payout ratio is 34.62%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on WCN. Oppenheimer lifted 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. CIBC dropped their price target on Waste Connections from $215.00 to $212.00 and set an "outperform" rating for the company in a research note on Thursday, December 19th. Stifel Nicolaus lifted their price target on Waste Connections from $205.00 to $212.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. BMO Capital Markets decreased their price objective on Waste Connections from $198.00 to $196.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Finally, Morgan Stanley lifted their price objective on Waste Connections from $214.00 to $219.00 and gave the stock an "overweight" rating in a report on Friday. Six analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $200.00.

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.