GeoWealth Management LLC Sells 189 Shares of Waste Connections, Inc. (NYSE:WCN)

GeoWealth Management LLC lowered its holdings in shares of Waste Connections, Inc. (NYSE:WCN) by 11.4% in the fourth quarter, HoldingsChannel reports. The firm owned 1,467 shares of the business services provider’s stock after selling 189 shares during the period. GeoWealth Management LLC’s holdings in Waste Connections were worth $252,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of WCN. Capital International Investors boosted its stake in shares of Waste Connections by 17.8% during the 4th quarter. Capital International Investors now owns 5,949,152 shares of the business services provider’s stock worth $1,020,672,000 after acquiring an additional 899,058 shares during the period. Capital International Sarl lifted its holdings in Waste Connections by 7.0% during the 4th quarter. Capital International Sarl now owns 9,093 shares of the business services provider’s stock valued at $1,560,000 after purchasing an additional 592 shares during the last quarter. Marshall Wace LLP boosted its position in Waste Connections by 315.7% during the fourth quarter. Marshall Wace LLP now owns 65,321 shares of the business services provider’s stock worth $11,208,000 after purchasing an additional 49,609 shares during the period. NewEdge Advisors LLC raised its position in shares of Waste Connections by 5.1% in the fourth quarter. NewEdge Advisors LLC now owns 8,569 shares of the business services provider’s stock valued at $1,470,000 after purchasing an additional 414 shares during the period. Finally, Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of Waste Connections in the fourth quarter valued at about $3,199,000. Institutional investors and hedge funds own 86.09% of the company’s stock.

Waste Connections Price Performance

WCN stock opened at $197.75 on Wednesday. The company’s 50-day moving average price is $190.46 and its two-hundred day moving average price is $184.63. The firm has a market cap of $51.09 billion, a P/E ratio of 82.74, a P/E/G ratio of 3.07 and a beta of 0.67. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.03. Waste Connections, Inc. has a 12 month low of $160.34 and a 12 month high of $201.66.

Waste Connections (NYSE:WCN) last released its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.16 earnings per share for the quarter, missing the consensus estimate 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, analysts anticipate that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were issued a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a dividend yield of 0.64%. The ex-dividend date was Thursday, February 27th. Waste Connections’s dividend payout ratio (DPR) is currently 52.72%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on WCN shares. Jefferies Financial Group decreased their price target on shares of Waste Connections from $225.00 to $210.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Citigroup lowered their target price on Waste Connections from $218.00 to $209.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley lifted their price target on Waste Connections from $214.00 to $219.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Scotiabank upped their price objective on Waste Connections from $192.00 to $207.00 and gave the company a “sector perform” rating in a report on Tuesday, April 8th. Finally, William Blair started coverage on Waste Connections in a report on Thursday, April 3rd. They set an “outperform” rating for the company. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $204.43.

Waste Connections Company 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.