King Luther Capital Management Corp lessened its holdings in Waste Connections, Inc. (NYSE:WCN - Free Report) by 0.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,139,590 shares of the business services provider's stock after selling 1,608 shares during the quarter. King Luther Capital Management Corp owned approximately 0.44% of Waste Connections worth $195,531,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of WCN. Johnson Investment Counsel Inc. purchased a new stake in shares of Waste Connections during the 4th quarter worth approximately $247,000. Sound View Wealth Advisors Group LLC lifted its position in Waste Connections by 69.9% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 10,210 shares of the business services provider's stock valued at $1,752,000 after acquiring an additional 4,199 shares during the last quarter. HM Payson & Co. boosted its stake in Waste Connections by 110.4% in the fourth quarter. HM Payson & Co. now owns 629 shares of the business services provider's stock valued at $108,000 after acquiring an additional 330 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of Waste Connections during the fourth quarter worth about $961,000. Finally, PNC Financial Services Group Inc. increased its position in shares of Waste Connections by 12.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 87,720 shares of the business services provider's stock worth $15,051,000 after purchasing an additional 9,374 shares in the last quarter. 86.09% of the stock is currently owned by institutional investors and hedge funds.
Waste Connections Stock Performance
NYSE WCN traded up $0.01 during trading hours on Thursday, hitting $183.18. 1,010,595 shares of the stock were exchanged, compared to its average volume of 879,162. Waste Connections, Inc. has a 12-month low of $160.34 and a 12-month high of $194.83. The stock has a 50-day moving average of $183.81 and a 200 day moving average of $182.54. The company has a market cap of $47.27 billion, a price-to-earnings ratio of 76.65, 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.
Waste Connections (NYSE:WCN - Get Free Report) last released its quarterly earnings data 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%. As a group, equities research analysts forecast 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. Investors of record on Thursday, February 27th will be paid a $0.315 dividend. This represents a $1.26 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Thursday, February 27th. Waste Connections's dividend payout ratio (DPR) is 52.72%.
Analyst Ratings Changes
WCN has been the subject of a number of research analyst reports. Scotiabank decreased their target price on Waste Connections from $196.00 to $192.00 and set a "sector perform" rating for the company in a research report on Monday, January 27th. Jefferies Financial Group decreased their price objective on Waste Connections from $225.00 to $210.00 and set a "buy" rating for the company in a report on Thursday, January 30th. Oppenheimer raised their target price on shares of Waste Connections from $192.00 to $195.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. StockNews.com downgraded shares of Waste Connections from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Finally, Citigroup raised their price objective on shares of Waste Connections from $195.00 to $196.00 and gave the stock a "neutral" rating in a research report on Monday, January 13th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $202.43.
Get Our Latest Analysis on Waste Connections
About Waste Connections
(
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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