Motley Fool Wealth Management LLC Sells 5,784 Shares of Waste Connections, Inc. (NYSE:WCN)

Motley Fool Wealth Management LLC lessened its stake in shares of Waste Connections, Inc. (NYSE:WCN) by 8.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,848 shares of the business services provider’s stock after selling 5,784 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in Waste Connections were worth $10,132,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Waste Connections by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 29,293,002 shares of the business services provider’s stock worth $5,025,836,000 after purchasing an additional 174,121 shares in the last quarter. FMR LLC boosted its position in shares of Waste Connections by 0.6% during the 3rd quarter. FMR LLC now owns 5,313,725 shares of the business services provider’s stock valued at $950,055,000 after acquiring an additional 30,890 shares during the last quarter. TD Asset Management Inc. increased its stake in Waste Connections by 1.8% during the fourth quarter. TD Asset Management Inc. now owns 3,698,507 shares of the business services provider’s stock worth $634,200,000 after acquiring an additional 65,795 shares during the last quarter. Alphinity Investment Management Pty Ltd increased its holdings in Waste Connections by 0.9% in the 4th quarter. Alphinity Investment Management Pty Ltd now owns 3,332,826 shares of the business services provider’s stock valued at $571,846,000 after purchasing an additional 29,542 shares during the last quarter. Finally, National Bank of Canada FI lifted its position in shares of Waste Connections by 35.3% during the third quarter. National Bank of Canada FI now owns 2,678,562 shares of the business services provider’s stock worth $478,777,000 after purchasing an additional 699,012 shares in the last quarter. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Waste Connections Stock Up 1.1 %

WCN stock opened at $193.07 on Wednesday. Waste Connections, Inc. has a 1-year low of $160.34 and a 1-year high of $194.83. The firm has a market capitalization of $49.83 billion, a PE ratio of 80.78, a PEG ratio of 3.07 and a beta of 0.81. The business’s 50 day simple moving average is $186.24 and its 200 day simple moving average is $182.72. 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) last issued 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%. As a group, research analysts anticipate that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were issued a dividend of $0.315 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.26 dividend on an annualized basis and a yield of 0.65%. Waste Connections’s payout ratio is currently 52.72%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Stifel Nicolaus increased their price objective on Waste Connections from $205.00 to $212.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Oppenheimer increased their target price on shares of Waste Connections from $192.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Jefferies Financial Group dropped their price target on Waste Connections from $225.00 to $210.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Truist Financial restated a “buy” rating and set a $210.00 price objective (up from $200.00) on shares of Waste Connections in a report on Friday, February 14th. Finally, Scotiabank dropped their price objective on shares of Waste Connections from $196.00 to $192.00 and set a “sector perform” rating on the stock in a research note on Monday, January 27th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Waste Connections presently has a consensus rating of “Moderate Buy” and a consensus 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.