DekaBank Deutsche Girozentrale lowered its holdings in Waste Connections (NYSE:WCN) by 14.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,137 shares of the business services provider’s stock after selling 2,585 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Waste Connections were worth $1,183,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of WCN. Cerebellum GP LLC bought a new stake in shares of Waste Connections during the 4th quarter worth approximately $125,000. SG Americas Securities LLC bought a new stake in shares of Waste Connections during the 4th quarter worth approximately $194,000. Timber Hill LLC bought a new stake in shares of Waste Connections during the 4th quarter worth approximately $206,000. Advisor Partners LLC bought a new stake in shares of Waste Connections during the 4th quarter worth approximately $216,000. Finally, Granite Investment Advisors LLC bought a new stake in shares of Waste Connections during the 4th quarter worth approximately $248,000. 84.16% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently weighed in on WCN shares. Zacks Investment Research raised shares of Waste Connections from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a report on Sunday, January 21st. Credit Suisse Group set a $80.00 price target on shares of Waste Connections and gave the stock a “buy” rating in a report on Friday, February 16th. UBS started coverage on shares of Waste Connections in a report on Thursday, March 15th. They set a “buy” rating and a $91.00 price target for the company. BMO Capital Markets reaffirmed a “buy” rating and set a $80.00 price target (up previously from $79.00) on shares of Waste Connections in a report on Thursday, April 5th. Finally, Royal Bank of Canada upped their price target on shares of Waste Connections from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, May 4th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Waste Connections currently has a consensus rating of “Buy” and an average target price of $80.33.
Waste Connections opened at $74.94 on Friday, Marketbeat Ratings reports. The company has a market cap of $19.74 billion, a P/E ratio of 34.69, a P/E/G ratio of 2.25 and a beta of 0.18. Waste Connections has a 1 year low of $74.86 and a 1 year high of $75.37. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.62.
Waste Connections (NYSE:WCN) last released its quarterly earnings data on Wednesday, May 2nd. The business services provider reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.01. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Waste Connections had a net margin of 14.68% and a return on equity of 9.68%. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.74 EPS. research analysts expect that Waste Connections will post 2.52 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 30th. Investors of record on Wednesday, May 16th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Tuesday, May 15th. Waste Connections’s dividend payout ratio is 25.93%.
Waste Connections Profile
Waste Connections, Inc, a solid waste services company, 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, office paper, plastic containers, glass bottles, and ferrous and aluminum metals.
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