MML Investors Services LLC Sells 4,753 Shares of Waste Connections, Inc. (NYSE:WCN)

MML Investors Services LLC trimmed its holdings in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 9.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,409 shares of the business services provider's stock after selling 4,753 shares during the period. MML Investors Services LLC's holdings in Waste Connections were worth $7,963,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WCN. Manchester Capital Management LLC bought a new stake in shares of Waste Connections in the fourth quarter valued at $26,000. Private Trust Co. NA raised its stake in 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 acquiring an additional 92 shares during the period. Stonebridge Financial Group LLC purchased a new stake in Waste Connections during the fourth quarter valued at about $27,000. Aster Capital Management DIFC Ltd purchased a new stake in Waste Connections during the fourth quarter valued at about $28,000. Finally, Smartleaf Asset Management LLC increased 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 worth $33,000 after purchasing an additional 71 shares in the last quarter. 86.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Citigroup dropped their price target on shares of Waste Connections from $218.00 to $209.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Royal Bank of Canada restated an "outperform" rating on shares of Waste Connections in a research report on Friday. Morgan Stanley lifted their price target on Waste Connections from $214.00 to $219.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Truist Financial set a $220.00 price objective on Waste Connections in a report on Friday. Finally, Jefferies Financial Group reduced their target price on Waste Connections from $225.00 to $210.00 and set a "buy" rating for the company in a report on Thursday, January 30th. Four 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 company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $206.57.

Waste Connections Trading Down 0.2 %

Shares of NYSE:WCN traded down $0.47 during trading on Monday, reaching $194.00. 1,168,162 shares of the company traded hands, compared to its average volume of 974,684. The business's fifty day moving average is $190.88 and its 200-day moving average is $185.00. Waste Connections, Inc. has a 52-week low of $160.34 and a 52-week high of $201.66. The firm has a market capitalization of $50.12 billion, a price-to-earnings ratio of 81.17, a P/E/G ratio of 3.07 and a beta of 0.67. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.03.

Waste Connections (NYSE:WCN - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.06. Waste Connections had a net margin of 6.92% and a return on equity of 15.54%. The company had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.22 billion. During the same quarter in the previous year, the company earned $1.04 earnings per share. Waste Connections's quarterly revenue was up 7.5% on a year-over-year basis. As a group, analysts forecast that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 7th will be paid a dividend of $0.315 per share. The ex-dividend date is Wednesday, May 7th. This represents a $1.26 annualized dividend and a yield of 0.65%. Waste Connections's dividend payout ratio is 51.85%.

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.