Waste Connections, Inc. (NYSE:WCN) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC decreased its stake in Waste Connections, Inc. (NYSE:WCN - Free Report) by 4.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 198,280 shares of the business services provider's stock after selling 9,706 shares during the period. Natixis Advisors LLC owned approximately 0.08% of Waste Connections worth $35,456,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WCN. Global Trust Asset Management LLC acquired a new stake in shares of Waste Connections in the third quarter valued at about $36,000. Asset Dedication LLC acquired a new position in Waste Connections during the third quarter worth about $41,000. Pathway Financial Advisers LLC acquired a new position in Waste Connections during the first quarter worth about $43,000. Signature Resources Capital Management LLC acquired a new position in Waste Connections during the second quarter worth about $45,000. Finally, Kennebec Savings Bank acquired a new position in Waste Connections during the third quarter worth about $47,000. Institutional investors and hedge funds own 86.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on WCN shares. BMO Capital Markets cut their target price on shares of Waste Connections from $198.00 to $196.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Citigroup lifted their price target on shares of Waste Connections from $190.00 to $195.00 and gave the stock a "neutral" rating in a report on Thursday, October 3rd. Eight Capital upgraded shares of Waste Connections to a "hold" rating in a report on Wednesday, October 9th. TD Cowen lifted their price target on shares of Waste Connections from $185.00 to $200.00 and gave the stock a "buy" rating in a report on Friday, July 26th. Finally, Scotiabank assumed coverage on shares of Waste Connections in a report on Friday, October 4th. They set a "sector perform" rating and a $196.00 price target for the company. Six research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $195.56.

Waste Connections Trading Up 1.4 %

WCN stock traded up $2.51 during midday trading on Monday, reaching $186.01. 938,524 shares of the company's stock traded hands, compared to its average volume of 886,780. The company has a market capitalization of $48.00 billion, a P/E ratio of 50.80, a PEG ratio of 3.06 and a beta of 0.72. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.77 and a quick ratio of 0.77. Waste Connections, Inc. has a fifty-two week low of $130.33 and a fifty-two week high of $188.30. The business has a 50-day moving average price of $180.83 and a two-hundred day moving average price of $176.93.

Waste Connections (NYSE:WCN - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $1.35 EPS for the quarter, topping analysts' consensus estimates of $1.30 by $0.05. Waste Connections had a net margin of 10.81% and a return on equity of 15.43%. The business had revenue of $2.34 billion for the quarter, compared to analysts' expectations of $2.30 billion. During the same period in the previous year, the company posted $1.17 earnings per share. The business's revenue for the quarter was up 13.3% compared to the same quarter last year. Equities research analysts forecast that Waste Connections, Inc. will post 4.84 EPS for the current fiscal year.

Waste Connections Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th were given a dividend of $0.315 per share. This is a boost from Waste Connections's previous quarterly dividend of $0.29. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend was Thursday, November 7th. Waste Connections's payout ratio is presently 34.62%.

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.