US Bancorp DE Sells 3,813 Shares of Waste Connections, Inc. (NYSE:WCN)

US Bancorp DE lowered its stake in shares of Waste Connections, Inc. (NYSE:WCN) by 6.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 59,170 shares of the business services provider’s stock after selling 3,813 shares during the period. US Bancorp DE’s holdings in Waste Connections were worth $10,153,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in WCN. Private Advisor Group LLC raised its stake in shares of Waste Connections by 9.4% during the 3rd 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 in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Waste Connections by 5.5% during the 3rd 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 in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Waste Connections by 3.5% during the 3rd 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 in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Waste Connections by 22.6% during the 3rd 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 in the last quarter. Finally, National Pension Service raised its stake 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 purchasing an additional 75,119 shares in the last quarter. Institutional investors own 86.09% of the company’s stock.

Analysts Set New Price Targets

WCN has been the topic of a number of analyst reports. CIBC dropped their price objective on Waste Connections from $215.00 to $212.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. Oppenheimer upped their price objective on Waste Connections from $192.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Truist Financial reissued a “buy” rating and set a $210.00 target price (up from $200.00) on shares of Waste Connections in a report on Friday, February 14th. Scotiabank decreased their target price on Waste Connections from $196.00 to $192.00 and set a “sector perform” rating on the stock in a report on Monday, January 27th. Finally, StockNews.com lowered Waste Connections from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $202.43.

Waste Connections Stock Performance

Shares of NYSE WCN opened at $191.88 on Tuesday. 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’s fifty day moving average price is $181.43 and its two-hundred day moving average price is $182.37. Waste Connections, Inc. has a one year low of $160.34 and a one year high of $194.83. The firm has a market cap of $49.52 billion, a price-to-earnings ratio of 80.28, a P/E/G ratio of 3.07 and a beta of 0.77.

Waste Connections (NYSE:WCN) last issued its quarterly earnings data 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 net margin of 6.92% and a return on equity of 15.54%. On average, equities analysts forecast that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th will be issued a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Thursday, February 27th. Waste Connections’s dividend payout ratio (DPR) is currently 52.72%.

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.