CENTRAL TRUST Co Has $1.51 Million Stock Position in Waste Connections, Inc. (NYSE:WCN)

CENTRAL TRUST Co reduced its stake in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 15.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,737 shares of the business services provider's stock after selling 1,394 shares during the quarter. CENTRAL TRUST Co's holdings in Waste Connections were worth $1,510,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of WCN. Vanguard Group Inc. raised its position in shares of Waste Connections by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 29,293,002 shares of the business services provider's stock valued at $5,025,836,000 after buying an additional 174,121 shares during the last quarter. Bank of Montreal Can raised its holdings in Waste Connections by 4.3% in the 4th quarter. Bank of Montreal Can now owns 8,644,222 shares of the business services provider's stock valued at $1,481,041,000 after acquiring an additional 356,798 shares in the last quarter. FIL Ltd lifted its position in shares of Waste Connections by 46.2% in the 4th quarter. FIL Ltd now owns 7,177,724 shares of the business services provider's stock worth $1,231,368,000 after acquiring an additional 2,269,652 shares during the period. Capital International Investors lifted its position in shares of Waste Connections by 17.8% in the 4th quarter. Capital International Investors now owns 5,949,152 shares of the business services provider's stock worth $1,020,672,000 after acquiring an additional 899,058 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Waste Connections by 2.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,736,179 shares of the business services provider's stock worth $984,214,000 after purchasing an additional 150,683 shares in the last quarter. 86.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on WCN. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $221.00 target price on shares of Waste Connections in a research report on Friday, April 25th. Scotiabank increased their price objective on shares of Waste Connections from $192.00 to $207.00 and gave the company a "sector perform" rating in a research note on Tuesday, April 8th. BMO Capital Markets lifted their target price on shares of Waste Connections from $214.00 to $216.00 and gave the company an "outperform" rating in a research report on Friday, April 25th. JPMorgan Chase & Co. increased their price target on shares of Waste Connections from $197.00 to $230.00 and gave the stock an "overweight" rating in a research report on Friday, May 23rd. Finally, Truist Financial set a $220.00 price objective on 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 four have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $212.29.

Waste Connections Trading Down 0.4%

Shares of NYSE WCN opened at $186.93 on Thursday. Waste Connections, Inc. has a 1-year low of $169.36 and a 1-year high of $201.66. The company has a 50-day moving average of $193.74 and a two-hundred day moving average of $187.46. The company has a market cap of $48.30 billion, a PE ratio of 76.93, a P/E/G ratio of 3.25 and a beta of 0.62. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.05.

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 for the quarter, topping analysts' consensus estimates of $1.07 by $0.06. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.22 billion. Waste Connections had a return on equity of 15.74% and a net margin of 6.93%. The firm's quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.04 earnings per share. As a group, equities analysts expect that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Wednesday, May 7th were paid a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend was Wednesday, May 7th. Waste Connections's dividend payout ratio (DPR) 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.

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