Waste Connections, Inc. (NYSE:WCN) Shares Sold by Centaurus Financial Inc.

Centaurus Financial Inc. decreased its position in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 6.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,796 shares of the business services provider's stock after selling 2,018 shares during the quarter. Centaurus Financial Inc.'s holdings in Waste Connections were worth $5,284,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Manchester Capital Management LLC bought a new position in shares of Waste Connections during the 4th quarter worth $26,000. Private Trust Co. NA grew its position in shares of Waste Connections by 153.3% during the 4th quarter. Private Trust Co. NA now owns 152 shares of the business services provider's stock worth $26,000 after buying an additional 92 shares in the last quarter. Stonebridge Financial Group LLC bought a new position in shares of Waste Connections during the 4th quarter worth $27,000. Aster Capital Management DIFC Ltd bought a new position in shares of Waste Connections during the 4th quarter worth $28,000. Finally, Smartleaf Asset Management LLC grew its position in shares of Waste Connections by 59.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider's stock worth $33,000 after buying an additional 71 shares in the last quarter. Institutional investors own 86.09% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. National Bank Financial upgraded Waste Connections to a "strong-buy" rating in a research note on Monday, May 26th. Scotiabank upped their price objective on Waste Connections from $192.00 to $207.00 and gave the stock a "sector perform" rating in a research note on Tuesday, April 8th. Morgan Stanley upped their price objective on Waste Connections from $214.00 to $219.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Truist Financial set a $220.00 price objective on Waste Connections in a research note on Friday, April 25th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $221.00 price objective on shares of Waste Connections in a research note on Friday, April 25th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $212.23.

Waste Connections Stock Performance

Shares of NYSE:WCN traded up $2.87 during trading on Friday, hitting $197.26. The stock had a trading volume of 1,968,018 shares, compared to its average volume of 1,011,352. Waste Connections, Inc. has a 12-month low of $161.13 and a 12-month high of $201.66. The stock has a market capitalization of $50.96 billion, a price-to-earnings ratio of 82.54, 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. The stock has a 50-day simple moving average of $194.10 and a two-hundred day simple moving average of $187.35.

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. Waste Connections had a return on equity of 15.54% and a net margin of 6.92%. The firm had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $2.22 billion. During the same period last year, the business posted $1.04 earnings per share. The company's revenue for the quarter was up 7.5% compared to the same quarter last year. On average, equities research analysts expect that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 7th were paid a $0.315 dividend. This represents a $1.26 annualized dividend and a dividend yield of 0.64%. The ex-dividend date was Wednesday, May 7th. Waste Connections's payout ratio is 51.85%.

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.