Waste Connections, Inc. (NYSE:WCN) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd trimmed its holdings in Waste Connections, Inc. (NYSE:WCN) by 1.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,165 shares of the business services provider’s stock after selling 224 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Waste Connections were worth $3,459,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in WCN. Manchester Capital Management LLC acquired a new position in shares of Waste Connections in the 4th quarter valued at $26,000. Stonebridge Financial Group LLC purchased a new stake in Waste Connections in the fourth quarter valued at $27,000. Sierra Ocean LLC acquired a new position in Waste Connections in the fourth quarter valued at $39,000. FSA Wealth Management LLC purchased a new position in shares of Waste Connections during the third quarter worth about $40,000. Finally, Continuum Advisory LLC increased its position in shares of Waste Connections by 58.0% during the third quarter. Continuum Advisory LLC now owns 226 shares of the business services provider’s stock worth $42,000 after purchasing an additional 83 shares in the last quarter. 86.09% of the stock is currently owned by hedge funds and other institutional investors.

Waste Connections Stock Performance

NYSE WCN opened at $186.35 on Friday. Waste Connections, Inc. has a 1-year low of $160.34 and a 1-year high of $194.83. The company has a market capitalization of $48.09 billion, a P/E ratio of 77.97, a PEG ratio of 3.07 and a beta of 0.77. The business has a 50 day moving average price of $180.70 and a 200 day moving average price of $182.22. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.65 and a quick ratio of 0.65.

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 return on equity of 15.54% and a net margin of 6.92%. Sell-side analysts expect that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be paid a dividend of $0.315 per share. The ex-dividend date is Thursday, February 27th. This represents a $1.26 annualized dividend and a dividend yield of 0.68%. Waste Connections’s dividend payout ratio is currently 52.72%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Jefferies Financial Group decreased their target price on Waste Connections from $225.00 to $210.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Citigroup lifted their price objective on shares of Waste Connections from $195.00 to $196.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. Oppenheimer increased their target price on shares of Waste Connections from $192.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Morgan Stanley boosted their price target on Waste Connections from $214.00 to $219.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Finally, Truist Financial reaffirmed a “buy” rating and set a $210.00 price objective (up from $200.00) on shares of Waste Connections in a research report on Friday, February 14th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $201.00.

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.