Connable Office Inc. Sells 1,903 Shares of Waste Connections, Inc. (NYSE:WCN)

Connable Office Inc. trimmed its position in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 31.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,105 shares of the business services provider's stock after selling 1,903 shares during the period. Connable Office Inc.'s holdings in Waste Connections were worth $704,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of WCN. Manchester Capital Management LLC acquired a new position in shares of Waste Connections during the 4th quarter worth $26,000. Private Trust Co. NA raised its holdings in Waste Connections by 153.3% during the fourth quarter. Private Trust Co. NA now owns 152 shares of the business services provider's stock valued at $26,000 after buying an additional 92 shares in the last quarter. Stonebridge Financial Group LLC acquired a new stake in shares of Waste Connections in the fourth quarter worth about $27,000. Sierra Ocean LLC bought a new stake in shares of Waste Connections during the 4th quarter worth about $39,000. Finally, FSA Wealth Management LLC acquired a new position in shares of Waste Connections during the 3rd quarter valued at about $40,000. Institutional investors and hedge funds own 86.09% of the company's stock.

Waste Connections Stock Performance

Waste Connections stock traded down $0.57 on Wednesday, hitting $190.12. The company's stock had a trading volume of 1,216,647 shares, compared to its average volume of 873,534. Waste Connections, Inc. has a one year low of $160.34 and a one year high of $194.83. The firm has a market cap of $49.06 billion, a P/E ratio of 79.55, a price-to-earnings-growth ratio of 3.07 and a beta of 0.81. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.03. The company has a fifty day moving average price of $181.79 and a 200-day moving average price of $182.43.

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Waste Connections (NYSE:WCN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.16 earnings per share (EPS) 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%. On average, equities analysts anticipate that Waste Connections, Inc. will post 5.28 earnings per share for the current year.

Waste Connections Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be paid a dividend of $0.315 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $1.26 annualized dividend and a yield of 0.66%. Waste Connections's dividend payout ratio is currently 52.72%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on WCN shares. CIBC reduced their target price on Waste Connections from $215.00 to $212.00 and set an "outperform" rating for the company in a report on Thursday, December 19th. Citigroup raised their target price on shares of Waste Connections from $195.00 to $196.00 and gave the company a "neutral" rating in a research note on Monday, January 13th. Stifel Nicolaus boosted their target price on shares of Waste Connections from $205.00 to $212.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Oppenheimer raised their price target on Waste Connections from $192.00 to $195.00 and gave the company an "outperform" rating in a research report on Friday, December 13th. 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 research note on Friday, February 14th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $202.43.

Waste Connections Company 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.