Fiduciary Trust Co Takes $272,000 Position in Waste Connections, Inc. (NYSE:WCN)

Fiduciary Trust Co purchased a new position in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,586 shares of the business services provider's stock, valued at approximately $272,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC increased its position in shares of Waste Connections by 34.3% during the third quarter. Barclays PLC now owns 303,040 shares of the business services provider's stock worth $54,190,000 after buying an additional 77,466 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Waste Connections by 21.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,542 shares of the business services provider's stock worth $991,000 after acquiring an additional 967 shares during the period. JCIC Asset Management Inc. raised its position 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 worth $6,152,000 after acquiring an additional 515 shares in the last quarter. Tuttle Capital Management LLC raised its position 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 worth $395,000 after acquiring an additional 592 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its stake in shares of Waste Connections by 16.7% in the 4th quarter. Park Avenue Securities LLC now owns 7,945 shares of the business services provider's stock valued at $1,362,000 after purchasing an additional 1,135 shares during the period. Institutional investors and hedge funds own 86.09% of the company's stock.

Waste Connections Price Performance

Shares of NYSE:WCN traded up $0.97 on Friday, hitting $191.94. The company's stock had a trading volume of 1,286,979 shares, compared to its average volume of 989,966. Waste Connections, Inc. has a 1 year low of $160.34 and a 1 year high of $201.66. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market capitalization of $49.59 billion, a PE ratio of 80.31, a PEG ratio of 3.07 and a beta of 0.66. The company has a 50-day simple moving average of $192.44 and a 200 day simple moving average of $186.23.

Waste Connections (NYSE:WCN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.06. Waste Connections had a net margin of 6.92% and a return on equity of 15.54%. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the previous year, the firm posted $1.04 EPS. The firm's revenue was up 7.5% compared to the same quarter last year. Sell-side analysts forecast that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Dividend Announcement

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 dividend of $0.315 per share. The ex-dividend date is Wednesday, May 7th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.66%. Waste Connections's dividend payout ratio (DPR) is currently 51.85%.

Analysts Set New Price Targets

Several analysts have recently weighed in on WCN shares. Royal Bank of Canada reiterated an "outperform" rating and issued a $221.00 price objective on shares of Waste Connections in a research note on Friday, April 25th. William Blair began coverage on shares of Waste Connections in a report on Thursday, April 3rd. They set an "outperform" rating on the stock. StockNews.com downgraded Waste Connections from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Truist Financial set a $220.00 target price on Waste Connections in a research report on Friday, April 25th. Finally, Jefferies Financial Group cut their price target on Waste Connections from $225.00 to $210.00 and set a "buy" rating on the stock in a report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Waste Connections presently has an average rating of "Moderate Buy" and an average price target 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.