Personal CFO Solutions LLC Sells 377 Shares of Waste Connections, Inc. (NYSE:WCN)

Personal CFO Solutions LLC cut its holdings in Waste Connections, Inc. (NYSE:WCN) by 7.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,584 shares of the business services provider’s stock after selling 377 shares during the period. Personal CFO Solutions LLC’s holdings in Waste Connections were worth $787,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in WCN. Versor Investments LP boosted its holdings in shares of Waste Connections by 75.1% in the 3rd quarter. Versor Investments LP now owns 8,221 shares of the business services provider’s stock worth $1,470,000 after buying an additional 3,527 shares during the last quarter. Blueshift Asset Management LLC bought a new position in Waste Connections in the 3rd quarter valued at $552,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Waste Connections in the third quarter worth approximately $2,503,000. Barclays PLC increased its stake in Waste Connections by 34.3% in the third quarter. Barclays PLC now owns 303,040 shares of the business services provider’s stock valued at $54,190,000 after acquiring an additional 77,466 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. raised its stake in shares of Waste Connections by 65.6% during 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 in the last quarter. 86.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on WCN. CIBC dropped their price target on shares of Waste Connections from $215.00 to $212.00 and set an “outperform” rating for the company in a research report on Thursday, December 19th. 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 report on Friday, December 13th. Truist Financial reissued a “buy” rating and issued a $210.00 target price (up from $200.00) on shares of Waste Connections in a research note on Friday, February 14th. Stifel Nicolaus upped their price target on Waste Connections from $205.00 to $212.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, Jefferies Financial Group cut their price objective on Waste Connections from $225.00 to $210.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $202.43.

Waste Connections Stock Performance

Shares of Waste Connections stock opened at $188.35 on Monday. Waste Connections, Inc. has a 12 month low of $160.34 and a 12 month high of $194.83. The firm has a market capitalization of $48.61 billion, a P/E ratio of 78.81, a P/E/G ratio of 3.07 and a beta of 0.81. 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 business has a fifty day simple moving average of $182.76 and a two-hundred day simple moving average of $182.54.

Waste Connections (NYSE:WCN) last issued its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.16 earnings per share (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 earnings per share for the current fiscal year.

Waste Connections Announces Dividend

The business also recently declared 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. The ex-dividend date is Thursday, February 27th. This represents a $1.26 annualized dividend and a dividend yield of 0.67%. Waste Connections’s payout ratio is presently 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.