Waste Connections, Inc. (NYSE:WCN) Stake Trimmed by Amundi

Amundi lowered its stake in Waste Connections, Inc. (NYSE:WCN - Free Report) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 303,609 shares of the business services provider's stock after selling 2,208 shares during the quarter. Amundi owned approximately 0.12% of Waste Connections worth $53,223,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Fifth Third Bancorp increased its stake in Waste Connections by 8.8% in the 4th quarter. Fifth Third Bancorp now owns 705 shares of the business services provider's stock worth $121,000 after purchasing an additional 57 shares in the last quarter. Jennison Associates LLC increased its stake in Waste Connections by 0.4% in the 4th quarter. Jennison Associates LLC now owns 14,247 shares of the business services provider's stock worth $2,445,000 after purchasing an additional 63 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in 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 purchasing an additional 71 shares in the last quarter. Continuum Advisory LLC increased its stake in Waste Connections by 58.0% in the 3rd quarter. Continuum Advisory LLC now owns 226 shares of the business services provider's stock worth $42,000 after purchasing an additional 83 shares in the last quarter. Finally, Kingsview Wealth Management LLC increased its stake in Waste Connections by 6.3% in the 3rd quarter. Kingsview Wealth Management LLC now owns 1,515 shares of the business services provider's stock worth $271,000 after purchasing an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 86.09% of the company's stock.

Waste Connections Stock Down 1.1 %

Shares of Waste Connections stock opened at $184.26 on Wednesday. The firm has a market cap of $47.55 billion, a price-to-earnings ratio of 77.10, a P/E/G ratio of 3.07 and a beta of 0.81. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.65 and a quick ratio of 0.65. Waste Connections, Inc. has a 52-week low of $160.34 and a 52-week high of $194.83. The stock has a 50-day simple moving average of $183.31 and a 200-day simple moving average of $182.53.

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Waste Connections (NYSE:WCN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.16 earnings per share for the quarter, missing analysts' consensus estimates of $1.20 by ($0.04). Waste Connections had a net margin of 6.92% and a return on equity of 15.54%. On average, equities research analysts expect that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal 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 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Thursday, February 27th. Waste Connections's payout ratio is 52.72%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on WCN shares. Truist Financial restated a "buy" rating and set a $210.00 price objective (up from $200.00) on shares of Waste Connections in a research report on Friday, February 14th. CIBC decreased their price objective on Waste Connections from $215.00 to $212.00 and set an "outperform" rating for the company in a research report on Thursday, December 19th. StockNews.com lowered Waste Connections from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Oppenheimer raised their price objective on Waste Connections from $192.00 to $195.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. Finally, Citigroup raised their price objective on Waste Connections from $195.00 to $196.00 and gave the stock a "neutral" rating in a research report on Monday, January 13th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Waste Connections presently has a consensus rating of "Moderate Buy" and an average price target of $202.43.

Waste Connections 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.

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