DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main reduced its stake in Waste Connections, Inc. (NYSE:WCN - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 544,831 shares of the business services provider's stock after selling 14,213 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned approximately 0.21% of Waste Connections worth $93,482,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in WCN. Fifth Third Bancorp increased its holdings in shares of Waste Connections by 8.8% in the fourth quarter. Fifth Third Bancorp now owns 705 shares of the business services provider's stock valued at $121,000 after buying an additional 57 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Waste Connections by 0.4% in the fourth quarter. Jennison Associates LLC now owns 14,247 shares of the business services provider's stock valued at $2,445,000 after buying an additional 63 shares in the last quarter. Oarsman Capital Inc. increased its holdings in shares of Waste Connections by 41.4% in the fourth quarter. Oarsman Capital Inc. now owns 222 shares of the business services provider's stock valued at $38,000 after buying an additional 65 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Waste Connections by 59.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider's stock valued at $33,000 after buying an additional 71 shares in the last quarter. Finally, Inspire Advisors LLC increased its holdings in shares of Waste Connections by 2.3% in the fourth quarter. Inspire Advisors LLC now owns 3,943 shares of the business services provider's stock valued at $676,000 after buying an additional 87 shares in the last quarter. 86.09% of the stock is currently owned by institutional investors and hedge funds.
Waste Connections Stock Performance
Waste Connections stock traded down $0.13 during trading hours on Tuesday, reaching $186.45. 719,145 shares of the company were exchanged, compared to its average volume of 980,052. The firm has a market cap of $48.17 billion, a price-to-earnings ratio of 78.01, a PEG 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. The stock has a 50-day moving average of $192.39 and a 200 day moving average of $186.14. Waste Connections, Inc. has a 12 month low of $160.34 and a 12 month high of $201.66.
Waste Connections (NYSE:WCN - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.06. The firm had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $2.22 billion. Waste Connections had a return on equity of 15.54% and a net margin of 6.92%. The company's revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.04 earnings per share. As a group, research analysts anticipate that Waste Connections, Inc. will post 5.28 earnings per share for the current year.
Waste Connections Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 7th will be given a $0.315 dividend. This represents a $1.26 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Wednesday, May 7th. Waste Connections's dividend payout ratio is currently 51.85%.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the stock. William Blair assumed coverage on shares of Waste Connections in a research note on Thursday, April 3rd. They set an "outperform" rating on the stock. Citigroup lifted their target price on Waste Connections from $209.00 to $212.00 and gave the company a "neutral" rating in a research note on Tuesday, April 29th. Jefferies Financial Group lowered their target price on Waste Connections from $225.00 to $210.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $221.00 target price on shares of Waste Connections in a research note on Friday, April 25th. Finally, Morgan Stanley upped 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 investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Waste Connections has a consensus rating of "Moderate Buy" and an average target price of $208.21.
View Our Latest Analysis on Waste Connections
About Waste Connections
(
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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