Waste Connections, Inc. (NYSE:WCN) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd cut its holdings in shares of Waste Connections, Inc. (NYSE:WCN) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,165 shares of the business services provider’s stock after selling 224 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Waste Connections were worth $3,459,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Versor Investments LP grew its holdings in Waste Connections by 75.1% in the third quarter. Versor Investments LP now owns 8,221 shares of the business services provider’s stock valued at $1,470,000 after purchasing an additional 3,527 shares during the period. Blueshift Asset Management LLC acquired a new position in shares of Waste Connections in the 3rd quarter valued at $552,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Waste Connections during the 3rd quarter valued at $2,503,000. Barclays PLC increased its stake in Waste Connections by 34.3% during the third quarter. Barclays PLC now owns 303,040 shares of the business services provider’s stock worth $54,190,000 after acquiring an additional 77,466 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. raised its holdings in shares of Waste Connections by 65.6% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 3,034 shares of the business services provider’s stock worth $543,000 after purchasing an additional 1,202 shares during the period. 86.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. StockNews.com cut Waste Connections from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Morgan Stanley boosted their price objective on shares of Waste Connections from $214.00 to $219.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Truist Financial reissued a “buy” rating and issued a $210.00 price objective (up previously from $200.00) on shares of Waste Connections in a research report on Friday, February 14th. CIBC reduced their target price on shares of Waste Connections from $215.00 to $212.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. Finally, Oppenheimer increased their price target on Waste Connections from $192.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $201.00.

Waste Connections Stock Down 0.8 %

Shares of NYSE WCN opened at $186.35 on Friday. 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 1 year low of $160.34 and a 1 year high of $194.83. The stock’s 50-day simple moving average is $180.70 and its 200-day simple moving average is $182.22. The firm has a market cap of $48.09 billion, a price-to-earnings ratio of 77.97, a PEG ratio of 3.07 and a beta of 0.77.

Waste Connections (NYSE:WCN) last posted its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.04). Waste Connections had a return on equity of 15.54% and a net margin of 6.92%. As a group, equities analysts anticipate that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 27th will be issued a $0.315 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $1.26 annualized dividend and a yield of 0.68%. Waste Connections’s dividend payout ratio is presently 52.72%.

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.