Cubist Systematic Strategies LLC Has $5.16 Million Position in Waste Connections, Inc. (NYSE:WCN)

Cubist Systematic Strategies LLC decreased its holdings in Waste Connections, Inc. (NYSE:WCN - Free Report) by 87.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,117 shares of the business services provider's stock after selling 201,792 shares during the period. Cubist Systematic Strategies LLC's holdings in Waste Connections were worth $5,164,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in WCN. Principal Financial Group Inc. increased its holdings in shares of Waste Connections by 307.1% in the 3rd quarter. Principal Financial Group Inc. now owns 1,927,155 shares of the business services provider's stock valued at $344,615,000 after purchasing an additional 1,453,733 shares during the period. Barclays PLC increased its holdings in shares of Waste Connections by 34.3% in the 3rd quarter. Barclays PLC now owns 303,040 shares of the business services provider's stock valued at $54,190,000 after purchasing an additional 77,466 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Waste Connections by 21.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,542 shares of the business services provider's stock valued at $991,000 after purchasing an additional 967 shares during the period. JCIC Asset Management Inc. increased its holdings in shares of Waste Connections by 1.5% in the 4th quarter. JCIC Asset Management Inc. now owns 35,887 shares of the business services provider's stock valued at $6,152,000 after purchasing an additional 515 shares during the period. Finally, Tuttle Capital Management LLC increased its holdings in shares of Waste Connections by 34.6% in the 4th quarter. Tuttle Capital Management LLC now owns 2,302 shares of the business services provider's stock valued at $395,000 after purchasing an additional 592 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 equities analysts recently commented on the company. Scotiabank increased their price objective on Waste Connections from $192.00 to $207.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 8th. Truist Financial set a $220.00 price objective on Waste Connections in a report on Friday, April 25th. Seaport Res Ptn upgraded Waste Connections to a "strong-buy" rating in a report on Tuesday, May 6th. StockNews.com downgraded Waste Connections from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Finally, BMO Capital Markets increased their price objective on Waste Connections from $214.00 to $216.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Waste Connections currently has an average rating of "Moderate Buy" and a consensus price target of $208.21.

Waste Connections Stock Performance

Shares of NYSE:WCN traded down $0.28 during trading on Friday, reaching $195.28. The stock had a trading volume of 631,254 shares, compared to its average volume of 972,311. The stock has a fifty day simple moving average of $192.47 and a two-hundred day simple moving average of $186.07. The firm has a market capitalization of $50.45 billion, a price-to-earnings ratio of 81.71, a P/E/G ratio of 3.07 and a beta of 0.66. 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 52 week low of $160.34 and a 52 week high of $201.66.

Waste Connections (NYSE:WCN - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.22 billion. Waste Connections had a net margin of 6.92% and a return on equity of 15.54%. Waste Connections's quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the company posted $1.04 earnings per share. As a group, analysts anticipate that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Announces Dividend

The business also recently disclosed 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%.

About Waste Connections

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.