Legal & General Group Plc decreased its stake in Waste Connections, Inc. (NYSE:WCN - Free Report) by 27.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,157,860 shares of the business services provider's stock after selling 435,699 shares during the quarter. Legal & General Group Plc owned approximately 0.45% of Waste Connections worth $198,591,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Private Trust Co. NA boosted its stake 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 valued at $26,000 after purchasing an additional 92 shares in the last quarter. Manchester Capital Management LLC bought a new stake in Waste Connections during the fourth quarter worth about $26,000. Stonebridge Financial Group LLC acquired a new stake in shares of Waste Connections during the fourth quarter worth approximately $27,000. Aster Capital Management DIFC Ltd bought a new position in shares of Waste Connections in the fourth quarter valued at approximately $28,000. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Waste Connections by 59.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider's stock worth $33,000 after acquiring an additional 71 shares in the last quarter. 86.09% of the stock is currently owned by institutional investors.
Waste Connections Trading Up 0.2 %
NYSE:WCN traded up $0.48 during trading hours on Tuesday, hitting $196.27. The stock had a trading volume of 377,223 shares, compared to its average volume of 963,718. The business's 50 day moving average is $189.62 and its 200-day moving average is $183.89. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market cap of $50.71 billion, a price-to-earnings ratio of 82.12, a P/E/G ratio of 3.07 and a beta of 0.67. Waste Connections, Inc. has a one year low of $160.34 and a one year high of $201.66.
Waste Connections (NYSE:WCN - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.16 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%. Sell-side analysts anticipate that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.
Waste Connections Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were given a $0.315 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.64%. Waste Connections's payout ratio is 52.72%.
Analyst Ratings Changes
WCN has been the subject of several research analyst reports. Scotiabank lifted their price objective on Waste Connections from $192.00 to $207.00 and gave the company a "sector perform" rating in a research report on Tuesday, April 8th. StockNews.com cut Waste Connections from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Truist Financial reiterated a "buy" rating and set a $210.00 price target (up previously from $200.00) on shares of Waste Connections in a research report 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 report on Friday, February 14th. Finally, Jefferies Financial Group reduced their target price on shares of Waste Connections from $225.00 to $210.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Waste Connections currently has a consensus rating of "Moderate Buy" and a consensus target price of $204.43.
View Our Latest Analysis on Waste Connections
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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