Oppenheimer Asset Management Inc. Sells 835 Shares of Waste Connections, Inc. (NYSE:WCN)

Oppenheimer Asset Management Inc. lowered its holdings in shares of Waste Connections, Inc. (NYSE:WCN) by 1.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 44,734 shares of the business services provider’s stock after selling 835 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Waste Connections were worth $7,675,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Versor Investments LP boosted its stake in shares of Waste Connections by 75.1% during the 3rd 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 acquired a new stake in Waste Connections during the 3rd quarter valued at $552,000. Dynamic Technology Lab Private Ltd bought a new position in Waste Connections during the third quarter worth $2,503,000. Barclays PLC increased 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 valued at $54,190,000 after purchasing an additional 77,466 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. raised its position 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 valued at $543,000 after purchasing an additional 1,202 shares during the period. Institutional investors and hedge funds own 86.09% of the company’s stock.

Waste Connections Stock Up 1.8 %

Shares of NYSE WCN opened at $189.72 on Friday. The stock has a market capitalization of $48.96 billion, a P/E ratio of 79.38, a PEG ratio of 3.07 and a beta of 0.77. The stock’s fifty day moving average is $181.01 and its 200 day moving average is $182.29. Waste Connections, Inc. has a 52 week low of $160.34 and a 52 week high of $194.83. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.65 and a current ratio of 0.65.

Waste Connections (NYSE:WCN) last announced its quarterly earnings data 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 return on equity of 15.54% and a net margin of 6.92%. Sell-side analysts forecast that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 27th will be paid a $0.315 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $1.26 dividend on an annualized basis and a yield of 0.66%. Waste Connections’s dividend payout ratio (DPR) is 52.72%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Citigroup lifted their target price on shares of Waste Connections from $195.00 to $196.00 and gave the stock a “neutral” rating in a report on Monday, January 13th. Scotiabank reduced their price objective on Waste Connections from $196.00 to $192.00 and set a “sector perform” rating for the company in a report on Monday, January 27th. Morgan Stanley increased their target price on Waste Connections from $214.00 to $219.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Oppenheimer lifted their price target on Waste Connections from $192.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $210.00 price objective (up from $200.00) on shares of Waste Connections in a report on Friday, February 14th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $202.43.

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.