US Bancorp DE Has $10.15 Million Stock Position in Waste Connections, Inc. (NYSE:WCN)

US Bancorp DE trimmed its position in Waste Connections, Inc. (NYSE:WCN) by 6.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,170 shares of the business services provider’s stock after selling 3,813 shares during the quarter. US Bancorp DE’s holdings in Waste Connections were worth $10,153,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WCN. Private Advisor Group LLC increased its position in Waste Connections by 9.4% in the third quarter. Private Advisor Group LLC now owns 2,738 shares of the business services provider’s stock worth $490,000 after purchasing an additional 235 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Waste Connections by 5.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,575 shares of the business services provider’s stock worth $818,000 after purchasing an additional 239 shares during the period. Janney Montgomery Scott LLC increased its position in Waste Connections by 3.5% in the third quarter. Janney Montgomery Scott LLC now owns 23,401 shares of the business services provider’s stock worth $4,185,000 after purchasing an additional 794 shares during the period. Robeco Institutional Asset Management B.V. increased its position in Waste Connections by 22.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 87,110 shares of the business services provider’s stock worth $15,577,000 after purchasing an additional 16,035 shares during the period. Finally, National Pension Service grew its position in shares of Waste Connections by 15.3% during the 3rd quarter. National Pension Service now owns 567,453 shares of the business services provider’s stock worth $101,472,000 after buying an additional 75,119 shares during the period. 86.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Stifel Nicolaus boosted their target price on Waste Connections from $205.00 to $212.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Oppenheimer boosted their target price on Waste Connections from $192.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Morgan Stanley boosted their target price on Waste Connections from $214.00 to $219.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Citigroup boosted their target price on Waste Connections from $195.00 to $196.00 and gave the stock a “neutral” rating in a research report on Monday, January 13th. Finally, CIBC decreased their target price 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. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $202.43.

Waste Connections Price Performance

Shares of WCN opened at $191.88 on Tuesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a 50 day simple moving average of $181.43 and a 200 day simple moving average of $182.37. Waste Connections, Inc. has a 52-week low of $160.34 and a 52-week high of $194.83. The firm has a market capitalization of $49.52 billion, a PE ratio of 80.28, a P/E/G ratio of 3.07 and a beta of 0.77.

Waste Connections (NYSE:WCN) last released its earnings results on Wednesday, February 12th. The business services provider reported $1.16 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.04). Waste Connections had a net margin of 6.92% and a return on equity of 15.54%. Sell-side analysts predict that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be paid a $0.315 dividend. This represents a $1.26 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Thursday, February 27th. Waste Connections’s payout ratio is 52.72%.

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.