Folger Nolan Fleming Douglas Capital Management Inc. Sells 3,703 Shares of Waste Connections Inc (WCN)

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Folger Nolan Fleming Douglas Capital Management Inc. lessened its holdings in shares of Waste Connections Inc (NYSE:WCN) by 92.6% in the fourth quarter, HoldingsChannel reports. The firm owned 297 shares of the business services provider’s stock after selling 3,703 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Waste Connections were worth $30,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Comerica Bank grew its stake in shares of Waste Connections by 0.9% in the 4th quarter. Comerica Bank now owns 16,310 shares of the business services provider’s stock worth $1,321,000 after acquiring an additional 139 shares in the last quarter. Proficio Capital Partners LLC grew its stake in shares of Waste Connections by 49.0% in the 4th quarter. Proficio Capital Partners LLC now owns 465 shares of the business services provider’s stock worth $35,000 after acquiring an additional 153 shares in the last quarter. First Hawaiian Bank grew its stake in shares of Waste Connections by 28.0% in the 4th quarter. First Hawaiian Bank now owns 860 shares of the business services provider’s stock worth $63,000 after acquiring an additional 188 shares in the last quarter. AGF Investments Inc. grew its stake in shares of Waste Connections by 0.3% in the 4th quarter. AGF Investments Inc. now owns 74,530 shares of the business services provider’s stock worth $5,534,000 after acquiring an additional 199 shares in the last quarter. Finally, M&T Bank Corp grew its stake in shares of Waste Connections by 2.0% in the 4th quarter. M&T Bank Corp now owns 10,330 shares of the business services provider’s stock worth $767,000 after acquiring an additional 202 shares in the last quarter. Institutional investors and hedge funds own 82.83% of the company’s stock.

Several equities analysts recently weighed in on WCN shares. KeyCorp started coverage on shares of Waste Connections in a research report on Monday, February 4th. They set an “overweight” rating and a $94.00 price target for the company. Goldman Sachs Group upgraded shares of Waste Connections to a “buy” rating and set a $94.00 price target for the company in a research report on Tuesday, December 4th. ValuEngine upgraded shares of Waste Connections from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Royal Bank of Canada increased their price target on shares of Waste Connections from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, February 15th. Finally, TD Securities set a $87.00 price target on shares of Waste Connections and gave the company a “hold” rating in a research report on Wednesday, November 28th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $88.80.

NYSE WCN opened at $83.68 on Friday. The stock has a market cap of $22.08 billion, a price-to-earnings ratio of 33.21, a price-to-earnings-growth ratio of 2.84 and a beta of 0.30. Waste Connections Inc has a 52 week low of $69.88 and a 52 week high of $85.06. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.65.

Waste Connections (NYSE:WCN) last released its quarterly earnings data on Wednesday, February 13th. The business services provider reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.02. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.23 billion. Waste Connections had a net margin of 11.11% and a return on equity of 10.46%. The company’s revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 earnings per share. On average, analysts anticipate that Waste Connections Inc will post 2.82 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.76%. The ex-dividend date is Thursday, February 28th. Waste Connections’s dividend payout ratio (DPR) is presently 25.40%.

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Waste Connections Company Profile

Waste Connections, Inc provides waste collection, transfer, disposal, and recycling services in the United States and Canada. The company operates through six segments: Southern, Western, Eastern, Canada, Central, and Exploration and Production (E&P). It offers collection services to residential, commercial, municipal, industrial, and 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.

See Also: Diversification

Want to see what other hedge funds are holding WCN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waste Connections Inc (NYSE:WCN).

Institutional Ownership by Quarter for Waste Connections (NYSE:WCN)

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