Walter Public Investments Inc. Sells 600 Shares of Waste Connections, Inc. (NYSE:WCN)

Walter Public Investments Inc. trimmed its position in shares of Waste Connections, Inc. (NYSE:WCN) by 25.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,800 shares of the business services provider’s stock after selling 600 shares during the period. Walter Public Investments Inc.’s holdings in Waste Connections were worth $309,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Versor Investments LP boosted its holdings in shares of Waste Connections by 75.1% in the third quarter. Versor Investments LP now owns 8,221 shares of the business services provider’s stock worth $1,470,000 after acquiring an additional 3,527 shares during the period. Blueshift Asset Management LLC bought a new position in shares of Waste Connections in the third quarter worth $552,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Waste Connections in the third quarter worth $2,503,000. Barclays PLC boosted its holdings in shares of Waste Connections by 34.3% in the third quarter. Barclays PLC now owns 303,040 shares of the business services provider’s stock worth $54,190,000 after acquiring an additional 77,466 shares during the period. Finally, Mesirow Financial Investment Management Inc. boosted its holdings in shares of Waste Connections by 65.6% in the third quarter. Mesirow Financial Investment Management Inc. now owns 3,034 shares of the business services provider’s stock worth $543,000 after acquiring an additional 1,202 shares during the period. 86.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on WCN. Truist Financial reaffirmed a “buy” rating and issued a $210.00 price target (up from $200.00) on shares of Waste Connections in a report on Friday, February 14th. Jefferies Financial Group cut their price target on Waste Connections from $225.00 to $210.00 and set a “buy” rating for the company in a report on Thursday, January 30th. CIBC cut their price target on Waste Connections from $215.00 to $212.00 and set an “outperform” rating for the company in a report on Thursday, December 19th. Oppenheimer increased their price objective on Waste Connections from $192.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Finally, Citigroup increased their price objective on Waste Connections from $195.00 to $196.00 and gave the stock a “neutral” rating in a research report on Monday, January 13th. Five research 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $201.00.

Waste Connections Trading Down 0.5 %

NYSE WCN opened at $188.08 on Thursday. The stock’s 50-day simple moving average is $180.46 and its two-hundred day simple moving average is $182.19. Waste Connections, Inc. has a twelve month low of $160.34 and a twelve month high of $194.83. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $48.54 billion, a price-to-earnings ratio of 78.69, a PEG ratio of 3.07 and a beta of 0.77.

Waste Connections (NYSE:WCN) last released its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.16 earnings per share 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%. Research analysts forecast that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th will be paid a dividend of $0.315 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.67%. Waste Connections’s dividend payout ratio (DPR) is currently 52.72%.

About Waste Connections

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.