Central Pacific Bank Trust Division Has $152,000 Holdings in Waste Connections, Inc. $WCN

Central Pacific Bank Trust Division lessened its position in Waste Connections, Inc. (NYSE:WCN) by 85.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 865 shares of the business services provider’s stock after selling 4,954 shares during the period. Central Pacific Bank Trust Division’s holdings in Waste Connections were worth $152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Waste Connections in the second quarter valued at about $755,938,000. Wellington Management Group LLP increased its stake in shares of Waste Connections by 39.6% in the third quarter. Wellington Management Group LLP now owns 4,455,162 shares of the business services provider’s stock worth $783,218,000 after purchasing an additional 1,264,150 shares during the period. Mackenzie Financial Corp lifted its position in shares of Waste Connections by 17.6% during the 3rd quarter. Mackenzie Financial Corp now owns 6,136,218 shares of the business services provider’s stock worth $1,078,536,000 after purchasing an additional 918,245 shares during the last quarter. Picton Mahoney Asset Management acquired a new position in shares of Waste Connections during the 2nd quarter worth about $140,935,000. Finally, Vanguard Group Inc. boosted its stake in Waste Connections by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 31,585,284 shares of the business services provider’s stock valued at $5,552,682,000 after purchasing an additional 717,440 shares during the period. Institutional investors and hedge funds own 86.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $205.00 target price (up from $200.00) on shares of Waste Connections in a report on Monday, January 5th. UBS Group set a $205.00 price target on Waste Connections in a report on Monday, January 5th. Morgan Stanley set a $205.00 price objective on shares of Waste Connections and gave the stock an “overweight” rating in a research note on Friday, February 13th. Canadian Imperial Bank of Commerce set a $208.00 target price on shares of Waste Connections in a research report on Thursday, January 8th. Finally, Stifel Nicolaus set a $213.00 target price on shares of Waste Connections and gave the company a “buy” rating in a research note on Friday, February 13th. Four research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Waste Connections has an average rating of “Buy” and an average price target of $203.52.

Waste Connections Trading Down 1.3%

Waste Connections stock opened at $162.76 on Monday. The business has a 50 day moving average price of $167.13 and a two-hundred day moving average price of $171.13. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.07. Waste Connections, Inc. has a 12 month low of $155.65 and a 12 month high of $201.66. The stock has a market cap of $41.54 billion, a price-to-earnings ratio of 39.03, a price-to-earnings-growth ratio of 2.79 and a beta of 0.62.

Waste Connections (NYSE:WCN) last announced its quarterly earnings data on Wednesday, February 11th. The business services provider reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.01. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.37 billion. Waste Connections had a return on equity of 16.25% and a net margin of 11.37%.Waste Connections’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.16 EPS. As a group, equities analysts forecast that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Wednesday, February 25th were paid a dividend of $0.35 per share. The ex-dividend date was Wednesday, February 25th. This represents a $1.40 dividend on an annualized basis and a yield of 0.9%. Waste Connections’s payout ratio is currently 33.57%.

About Waste Connections

Waste Connections (NYSE: WCN) is a North American integrated waste services company that provides a range of solid waste and environmental services to municipal, commercial, industrial and residential customers. The company offers collection, transportation, transfer, disposal and recycling services, and operates an extensive network of transfer stations and disposal facilities. Waste Connections positions itself as a provider of infrastructure-driven waste solutions across many regions of the United States and Canada.

The company’s operating activities include routine curbside and commercial collection, roll-off and container services, operation of landfills and transfer stations, and recycling and resource recovery programs.