Deutsche Bank AG Sells 22,995 Shares of Waste Connections, Inc. (NYSE:WCN)

Deutsche Bank AG cut its holdings in Waste Connections, Inc. (NYSE:WCN - Free Report) by 2.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 921,163 shares of the business services provider's stock after selling 22,995 shares during the period. Deutsche Bank AG owned about 0.36% of Waste Connections worth $158,053,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Cetera Investment Advisers grew its holdings in shares of Waste Connections by 8.8% in the fourth quarter. Cetera Investment Advisers now owns 15,108 shares of the business services provider's stock valued at $2,591,000 after acquiring an additional 1,222 shares in the last quarter. Brevan Howard Capital Management LP bought a new position in Waste Connections during the fourth quarter valued at $685,000. Bridgefront Capital LLC bought a new position in Waste Connections during the fourth quarter valued at $525,000. BW Gestao de Investimentos Ltda. grew its holdings in Waste Connections by 32.5% during the fourth quarter. BW Gestao de Investimentos Ltda. now owns 54,921 shares of the business services provider's stock valued at $9,423,000 after purchasing an additional 13,460 shares during the period. Finally, Balyasny Asset Management L.P. bought a new position in Waste Connections during the fourth quarter valued at $30,216,000. 86.09% of the stock is owned by institutional investors.

Waste Connections Price Performance

Shares of WCN stock traded down $9.25 during trading on Monday, hitting $186.04. The company had a trading volume of 3,108,074 shares, compared to its average volume of 980,855. The stock's 50-day moving average is $192.39 and its two-hundred day moving average is $186.14. The stock has a market capitalization of $48.07 billion, a price-to-earnings ratio of 77.84, a price-to-earnings-growth 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 released its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $1.13 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.06. The business had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $2.22 billion. Waste Connections had a net margin of 6.92% and a return on equity of 15.54%. The business's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.04 EPS. As a group, analysts predict that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Wednesday, May 7th will be paid a $0.315 dividend. The ex-dividend date is Wednesday, May 7th. This represents a $1.26 dividend on an annualized basis and a yield of 0.68%. Waste Connections's dividend payout ratio is presently 51.85%.

Analysts Set New Price Targets

WCN has been the subject of several research reports. Citigroup increased their price objective on Waste Connections from $209.00 to $212.00 and gave the company a "neutral" rating in a report on Tuesday, April 29th. BMO Capital Markets increased their price objective on Waste Connections from $214.00 to $216.00 and gave the company an "outperform" rating in a report on Friday, April 25th. StockNews.com lowered Waste Connections from a "buy" rating to a "hold" rating in a report on Friday, February 14th. William Blair initiated coverage on Waste Connections in a report on Thursday, April 3rd. They set an "outperform" rating for the company. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $221.00 price objective on shares of Waste Connections 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 given a strong buy rating to the company. According to MarketBeat, Waste Connections presently has a consensus rating of "Moderate Buy" and an average target price of $208.21.

Waste Connections Company 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.