Deutsche Bank AG Has $158.05 Million Stake in Waste Connections, Inc. (NYSE:WCN)

Deutsche Bank AG cut its position in Waste Connections, Inc. (NYSE:WCN) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 921,163 shares of the business services provider’s stock after selling 22,995 shares during the quarter. Deutsche Bank AG owned 0.36% of Waste Connections worth $158,053,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in WCN. Fifth Third Bancorp boosted its position in Waste Connections by 8.8% during the 4th quarter. Fifth Third Bancorp now owns 705 shares of the business services provider’s stock worth $121,000 after buying an additional 57 shares during the period. Jennison Associates LLC grew its stake in shares of Waste Connections by 0.4% in the fourth quarter. Jennison Associates LLC now owns 14,247 shares of the business services provider’s stock worth $2,445,000 after purchasing an additional 63 shares during the last quarter. Oarsman Capital Inc. increased its holdings in Waste Connections by 41.4% in the fourth quarter. Oarsman Capital Inc. now owns 222 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 65 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Waste Connections by 59.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider’s stock worth $33,000 after buying an additional 71 shares during the period. Finally, Inspire Advisors LLC increased its stake in shares of Waste Connections by 2.3% in the fourth quarter. Inspire Advisors LLC now owns 3,943 shares of the business services provider’s stock valued at $676,000 after buying an additional 87 shares during the period. 86.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on WCN. Scotiabank increased their target price on shares of Waste Connections from $192.00 to $207.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 8th. William Blair initiated coverage on shares of Waste Connections in a research report on Thursday, April 3rd. They set an “outperform” rating for the company. Citigroup increased their price target on Waste Connections from $209.00 to $212.00 and gave the stock a “neutral” rating in a report on Tuesday, April 29th. Royal Bank of Canada reissued an “outperform” rating and issued a $221.00 price objective on shares of Waste Connections in a research note on Friday, April 25th. Finally, 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 note on Thursday, January 30th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Waste Connections presently has an average rating of “Moderate Buy” and a consensus target price of $208.21.

Waste Connections Trading Down 0.1 %

WCN opened at $195.28 on Friday. Waste Connections, Inc. has a fifty-two week low of $160.34 and a fifty-two week high of $201.66. The firm has a market capitalization of $50.45 billion, a PE ratio of 81.71, a P/E/G ratio of 3.07 and a beta of 0.66. 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 company’s 50-day moving average is $192.47 and its 200 day moving average is $185.98.

Waste Connections (NYSE:WCN) last issued its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.07 by $0.06. The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.22 billion. Waste Connections had a return on equity of 15.54% and a net margin of 6.92%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.04 earnings per share. As a group, research analysts predict that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 7th will be issued a $0.315 dividend. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $1.26 annualized dividend and a dividend yield of 0.65%. Waste Connections’s dividend payout ratio is currently 51.85%.

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.