Frontier Capital Management Co. LLC Sells 11,643 Shares of Waste Connections, Inc. (NYSE:WCN)

Frontier Capital Management Co. LLC decreased its stake in shares of Waste Connections, Inc. (NYSE:WCN) by 5.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 186,703 shares of the business services provider’s stock after selling 11,643 shares during the quarter. Frontier Capital Management Co. LLC owned about 0.07% of Waste Connections worth $32,035,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Manchester Capital Management LLC purchased a new stake in shares of Waste Connections in the fourth quarter worth approximately $26,000. Private Trust Co. NA boosted its position in Waste Connections by 153.3% during the fourth quarter. Private Trust Co. NA now owns 152 shares of the business services provider’s stock worth $26,000 after purchasing an additional 92 shares during the period. Stonebridge Financial Group LLC purchased a new position in Waste Connections in the 4th quarter valued at approximately $27,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Waste Connections during the fourth quarter valued at about $28,000. Finally, Smartleaf Asset Management LLC grew its position in shares of Waste Connections by 59.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 71 shares in the last quarter. Institutional investors and hedge funds own 86.09% of the company’s stock.

Analyst Ratings Changes

WCN has been the topic of a number of research reports. Truist Financial set a $220.00 price target on Waste Connections in a research report on Friday, April 25th. Royal Bank of Canada reiterated an “outperform” rating and issued a $221.00 price target on shares of Waste Connections in a research note on Friday, April 25th. BMO Capital Markets upped their price target on Waste Connections from $214.00 to $216.00 and gave the company an “outperform” rating in a report on Friday, April 25th. Morgan Stanley raised their target price on Waste Connections from $214.00 to $219.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Finally, Citigroup lifted their price objective on Waste Connections from $209.00 to $212.00 and gave the company a “neutral” rating in a research report on Tuesday, April 29th. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $208.21.

Waste Connections Trading Down 1.5 %

Shares of NYSE WCN opened at $195.38 on Friday. The company has a market cap of $50.48 billion, a price-to-earnings ratio of 81.75, a PEG ratio of 3.07 and a beta of 0.66. 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, Inc. has a fifty-two week low of $160.34 and a fifty-two week high of $201.66. The business’s 50 day moving average price is $192.38 and its 200-day moving average price is $185.88.

Waste Connections (NYSE:WCN) last announced its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.06. The firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.22 billion. Waste Connections had a return on equity of 15.54% and a net margin of 6.92%. Waste Connections’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.04 earnings per share. On average, sell-side analysts expect that Waste Connections, Inc. will post 5.28 earnings per share for the current year.

Waste Connections Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Wednesday, May 7th will be issued a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a yield of 0.64%. The ex-dividend date is Wednesday, May 7th. Waste Connections’s payout ratio is 51.85%.

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.