Fiduciary Trust Co acquired a new stake in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,586 shares of the business services provider's stock, valued at approximately $272,000.
Other hedge funds also recently made changes to their positions in the company. D. E. Shaw & Co. Inc. lifted its holdings in Waste Connections by 237.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 208,817 shares of the business services provider's stock worth $35,822,000 after purchasing an additional 146,868 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Waste Connections by 8.8% in the 4th quarter. Cetera Investment Advisers now owns 15,108 shares of the business services provider's stock worth $2,591,000 after purchasing an additional 1,222 shares in the last quarter. Brevan Howard Capital Management LP purchased a new position in Waste Connections in the 4th quarter worth approximately $685,000. Bridgefront Capital LLC purchased a new position in Waste Connections in the 4th quarter worth approximately $525,000. Finally, BW Gestao de Investimentos Ltda. lifted its holdings in Waste Connections by 32.5% in the 4th quarter. BW Gestao de Investimentos Ltda. now owns 54,921 shares of the business services provider's stock worth $9,423,000 after purchasing an additional 13,460 shares in the last quarter. 86.09% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research analysts recently commented on the company. StockNews.com cut Waste Connections from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Seaport Res Ptn raised Waste Connections to a "strong-buy" rating in a report on Tuesday, May 6th. Scotiabank boosted their price target on Waste Connections from $192.00 to $207.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 8th. Jefferies Financial Group decreased their price objective on Waste Connections from $225.00 to $210.00 and set a "buy" rating on the stock in a report on Thursday, January 30th. Finally, William Blair began coverage on Waste Connections in a report on Thursday, April 3rd. They set an "outperform" rating on the stock. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $208.21.
Read Our Latest Research Report on Waste Connections
Waste Connections Trading Up 0.5%
NYSE:WCN traded up $0.97 during midday trading on Friday, hitting $191.94. 1,286,979 shares of the company traded hands, compared to its average volume of 993,355. The firm's fifty day moving average is $192.60 and its 200-day moving average is $186.44. Waste Connections, Inc. has a 12-month low of $160.34 and a 12-month high of $201.66. The firm has a market capitalization of $49.59 billion, a P/E ratio of 80.31, a P/E/G ratio of 3.07 and a beta of 0.66. 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 - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.07 by $0.06. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.22 billion. Waste Connections had a return on equity of 15.54% and a net margin of 6.92%. Waste Connections's quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.04 EPS. On average, sell-side analysts predict that Waste Connections, Inc. will post 5.28 EPS for the current year.
Waste Connections Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 7th will be given a $0.315 dividend. This represents a $1.26 annualized dividend and a yield of 0.66%. The ex-dividend date is Wednesday, May 7th. Waste Connections's dividend payout ratio (DPR) is presently 51.85%.
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.
Read More
Before you consider Waste Connections, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Waste Connections wasn't on the list.
While Waste Connections currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
