Captrust Financial Advisors lowered its position in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 20.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 13,355 shares of the business services provider's stock after selling 3,444 shares during the period. Captrust Financial Advisors' holdings in Waste Connections were worth $2,291,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Waste Connections in the 4th quarter worth approximately $687,935,000. FIL Ltd grew its position in Waste Connections by 46.2% in the fourth quarter. FIL Ltd now owns 7,177,724 shares of the business services provider's stock worth $1,231,368,000 after acquiring an additional 2,269,652 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Waste Connections in the fourth quarter worth $240,422,000. Capital International Investors lifted its stake in shares of Waste Connections by 17.8% in the fourth quarter. Capital International Investors now owns 5,949,152 shares of the business services provider's stock worth $1,020,672,000 after buying an additional 899,058 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Waste Connections by 239.9% in the fourth quarter. Geode Capital Management LLC now owns 647,727 shares of the business services provider's stock worth $115,558,000 after buying an additional 457,137 shares during the last quarter. 86.09% of the stock is currently owned by institutional investors.
Waste Connections Stock Performance
Shares of Waste Connections stock traded up $0.97 during trading hours on Friday, hitting $191.94. 1,286,979 shares of the company's stock traded hands, compared to its average volume of 993,355. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market capitalization of $49.59 billion, a price-to-earnings ratio of 80.31, a PEG ratio of 3.07 and a beta of 0.66. Waste Connections, Inc. has a 12-month low of $160.34 and a 12-month high of $201.66. The company has a fifty day simple moving average of $192.60 and a 200-day simple moving average of $186.44.
Waste Connections (NYSE:WCN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.06. Waste Connections had a return on equity of 15.54% and a net margin of 6.92%. The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter last year, the company posted $1.04 EPS. The company's revenue for the quarter was up 7.5% on a year-over-year basis. Equities research analysts anticipate that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.
Waste Connections Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 7th will be given a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date is Wednesday, May 7th. Waste Connections's payout ratio is 51.85%.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on WCN shares. Truist Financial set a $220.00 target price on shares of Waste Connections in a research note on Friday, April 25th. Royal Bank of Canada reissued an "outperform" rating and set a $221.00 price objective on shares of Waste Connections in a report on Friday, April 25th. StockNews.com downgraded shares of Waste Connections from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. BMO Capital Markets raised their target price on shares of Waste Connections from $214.00 to $216.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. Finally, Morgan Stanley raised their price target on shares of Waste Connections from $214.00 to $219.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Waste Connections has an average rating of "Moderate Buy" and an average price target of $208.21.
View Our Latest Analysis on WCN
Waste Connections Company Profile
(
Free Report)
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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