4,034 Shares in Waste Connections, Inc. (NYSE:WCN) Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new stake in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 4,034 shares of the business services provider's stock, valued at approximately $721,000.

Several other large investors have also made changes to their positions in WCN. Global Trust Asset Management LLC acquired a new stake in Waste Connections during the third quarter worth about $36,000. FSA Wealth Management LLC acquired a new stake in shares of Waste Connections during the 3rd quarter worth approximately $40,000. Asset Dedication LLC purchased a new position in shares of Waste Connections during the 3rd quarter valued at approximately $41,000. Kennebec Savings Bank acquired a new position in shares of Waste Connections in the 3rd quarter valued at $47,000. Finally, Carolinas Wealth Consulting LLC boosted its holdings in Waste Connections by 3,885.7% during the second quarter. Carolinas Wealth Consulting LLC now owns 279 shares of the business services provider's stock worth $49,000 after buying an additional 272 shares in the last quarter. 86.09% of the stock is owned by hedge funds and other institutional investors.

Waste Connections Price Performance

WCN stock traded down $4.29 during mid-day trading on Friday, reaching $179.95. The company's stock had a trading volume of 2,051,332 shares, compared to its average volume of 889,496. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99. The company's 50 day moving average is $184.12 and its two-hundred day moving average is $180.01. Waste Connections, Inc. has a fifty-two week low of $144.69 and a fifty-two week high of $194.83. The stock has a market cap of $46.44 billion, a PE ratio of 49.43, a P/E/G ratio of 3.08 and a beta of 0.74.

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

Waste Connections Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors 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 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend was Thursday, November 7th. Waste Connections's dividend payout ratio (DPR) is presently 34.62%.

Analyst Ratings Changes

WCN has been the subject of a number of recent analyst reports. Eight Capital raised shares of Waste Connections to a "hold" rating in a report on Wednesday, October 9th. Stifel Nicolaus lifted their price target on Waste Connections from $205.00 to $212.00 and gave the company a "buy" rating in a research note on Wednesday. Raymond James lowered their price target on Waste Connections from $208.00 to $205.00 and set a "strong-buy" rating on the stock in a research report on Friday, October 25th. JPMorgan Chase & Co. dropped their price objective on Waste Connections from $198.00 to $197.00 and set an "overweight" rating on the stock in a report on Friday, October 25th. Finally, BMO Capital Markets reduced their target price on Waste Connections from $198.00 to $196.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $199.88.

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.