Intact Investment Management Inc. trimmed its holdings in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 38.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,087 shares of the business services provider's stock after selling 26,210 shares during the period. Intact Investment Management Inc.'s holdings in Waste Connections were worth $7,048,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Manchester Capital Management LLC purchased a new stake in Waste Connections during the 4th quarter worth $26,000. Private Trust Co. NA lifted its stake in shares of Waste Connections by 153.3% during the fourth 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 in the last quarter. Stonebridge Financial Group LLC purchased a new stake in shares of Waste Connections in the fourth quarter worth about $27,000. Smartleaf Asset Management LLC grew its stake in shares of Waste Connections by 59.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider's stock valued at $33,000 after buying an additional 71 shares in the last quarter. Finally, Sierra Ocean LLC purchased a new stake in shares of Waste Connections during the 4th quarter valued at about $39,000. 86.09% of the stock is currently owned by hedge funds and other institutional investors.
Waste Connections Stock Performance
Shares of Waste Connections stock traded down $0.45 during trading hours on Tuesday, reaching $187.45. The company's stock had a trading volume of 816,354 shares, compared to its average volume of 877,813. 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 one year low of $160.34 and a one year high of $194.83. The company's 50 day simple moving average is $184.42 and its 200 day simple moving average is $182.51. The stock has a market cap of $48.37 billion, a P/E ratio of 78.43, a price-to-earnings-growth ratio of 3.07 and a beta of 0.81.
Waste Connections (NYSE:WCN - Get Free Report) last issued its 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 return on equity of 15.54% and a net margin of 6.92%. As a group, analysts expect that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.
Waste Connections Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were paid a dividend of $0.315 per share. The ex-dividend date was Thursday, February 27th. This represents a $1.26 dividend on an annualized basis and a yield of 0.67%. Waste Connections's payout ratio is currently 52.72%.
Wall Street Analyst Weigh In
A number of research firms have weighed in on WCN. Truist Financial restated a "buy" rating and issued a $210.00 price target (up previously from $200.00) on shares of Waste Connections in a report on Friday, February 14th. Scotiabank lowered their price target on shares of Waste Connections from $196.00 to $192.00 and set a "sector perform" rating for the company in a report on Monday, January 27th. 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 report on Thursday, December 19th. Citigroup upped their price objective on shares of Waste Connections from $195.00 to $196.00 and gave the company a "neutral" rating in a research report on Monday, January 13th. Finally, Morgan Stanley lifted their target price on Waste Connections from $214.00 to $219.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $202.43.
Get Our Latest Analysis on WCN
Waste Connections 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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