Headlands Technologies LLC lifted its position in Waste Connections, Inc. (NYSE:WCN - Free Report) by 94.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,289 shares of the business services provider's stock after acquiring an additional 15,179 shares during the quarter. Waste Connections accounts for approximately 0.5% of Headlands Technologies LLC's holdings, making the stock its 27th largest position. Headlands Technologies LLC's holdings in Waste Connections were worth $5,369,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the company. Manchester Capital Management LLC bought a new position in Waste Connections in the fourth quarter worth about $26,000. Private Trust Co. NA lifted its holdings in shares of Waste Connections by 153.3% in the 4th quarter. Private Trust Co. NA now owns 152 shares of the business services provider's stock worth $26,000 after purchasing an additional 92 shares during the last quarter. Stonebridge Financial Group LLC bought a new stake in shares of Waste Connections in the 4th quarter worth approximately $27,000. Smartleaf Asset Management LLC boosted its position in Waste Connections by 59.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider's stock valued at $33,000 after purchasing an additional 71 shares during the period. Finally, Sierra Ocean LLC bought a new position in Waste Connections during the 4th quarter worth $39,000. 86.09% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on the stock. CIBC cut their price objective on shares of Waste Connections from $215.00 to $212.00 and set an "outperform" rating on the stock in a research report on Thursday, December 19th. Stifel Nicolaus raised their price target on Waste Connections from $205.00 to $212.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. StockNews.com lowered shares of Waste Connections from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Morgan Stanley raised their price objective on shares of Waste Connections from $214.00 to $219.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Finally, Scotiabank decreased their price target on Waste Connections from $196.00 to $192.00 and set a "sector perform" rating for the company in a research note on Monday, January 27th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $204.00.
Check Out Our Latest Research Report on Waste Connections
Waste Connections Trading Up 0.1 %
Waste Connections stock traded up $0.24 during midday trading on Wednesday, reaching $196.75. The stock had a trading volume of 1,470,146 shares, compared to its average volume of 921,371. Waste Connections, Inc. has a twelve month low of $160.34 and a twelve month high of $197.74. 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 firm has a market cap of $50.83 billion, a price-to-earnings ratio of 82.32, a PEG ratio of 3.07 and a beta of 0.81. The firm's fifty day simple moving average is $188.19 and its two-hundred day simple moving average is $183.13.
Waste Connections (NYSE:WCN - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.16 earnings per share for the quarter, missing analysts' consensus estimates of $1.20 by ($0.04). Waste Connections had a net margin of 6.92% and a return on equity of 15.54%. Equities analysts anticipate that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.
Waste Connections Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were given a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend was Thursday, February 27th. Waste Connections's dividend payout ratio (DPR) is 52.72%.
Waste Connections Company Profile
(
Free Report)
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.
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