BNP Paribas Financial Markets Sells 29,811 Shares of Waste Connections, Inc. (NYSE:WCN)

BNP Paribas Financial Markets trimmed its holdings in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 14.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 182,848 shares of the business services provider's stock after selling 29,811 shares during the period. BNP Paribas Financial Markets owned approximately 0.07% of Waste Connections worth $31,373,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of WCN. Manchester Capital Management LLC bought a new stake in Waste Connections in the fourth quarter worth $26,000. Private Trust Co. NA raised its holdings in Waste Connections by 153.3% in the 4th quarter. Private Trust Co. NA now owns 152 shares of the business services provider's stock valued at $26,000 after acquiring an additional 92 shares in the last quarter. Stonebridge Financial Group LLC acquired a new position in shares of Waste Connections in the 4th quarter valued at $27,000. Aster Capital Management DIFC Ltd acquired a new stake in Waste Connections during the fourth quarter valued at approximately $28,000. Finally, Smartleaf Asset Management LLC grew its position in Waste Connections by 59.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider's stock valued at $33,000 after acquiring an additional 71 shares during the period. 86.09% of the stock is currently owned by institutional investors and hedge funds.

Waste Connections Price Performance

Shares of NYSE WCN traded down $0.28 during midday trading on Friday, reaching $195.28. The company's stock had a trading volume of 631,254 shares, compared to its average volume of 972,311. The company has a market cap of $50.45 billion, a P/E ratio of 81.71, a P/E/G ratio of 3.07 and a beta of 0.66. Waste Connections, Inc. has a fifty-two week low of $160.34 and a fifty-two week high of $201.66. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.65 and a current ratio of 0.65. The business's 50 day moving average price is $192.47 and its two-hundred day moving average price is $186.02.

Waste Connections (NYSE:WCN - Get Free Report) last released its earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.06. The company had revenue of $2.23 billion for 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 period in the prior year, the firm posted $1.04 EPS. On average, analysts forecast that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 7th will be paid a $0.315 dividend. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $1.26 annualized dividend and a dividend yield of 0.65%. Waste Connections's payout ratio is 51.85%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Scotiabank increased their price target on Waste Connections from $192.00 to $207.00 and gave the stock a "sector perform" rating in a research report on Tuesday, April 8th. Citigroup increased their target price on Waste Connections from $209.00 to $212.00 and gave the company a "neutral" rating in a research note on Tuesday, April 29th. Seaport Res Ptn raised Waste Connections to a "strong-buy" rating in a research note on Tuesday, May 6th. BMO Capital Markets upped their target price on shares of Waste Connections from $214.00 to $216.00 and gave the stock an "outperform" rating in a research note on Friday, April 25th. Finally, Jefferies Financial Group decreased their target price on shares of Waste Connections from $225.00 to $210.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Waste Connections currently has an average rating of "Moderate Buy" and a consensus price target of $208.21.

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.