Waste Connections, Inc. (NYSE:WCN) Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC cut its stake in Waste Connections, Inc. (NYSE:WCN - Free Report) by 2.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,785 shares of the business services provider's stock after selling 2,233 shares during the period. Copeland Capital Management LLC's holdings in Waste Connections were worth $21,234,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Tranquility Partners LLC lifted its stake in shares of Waste Connections by 1.4% during the first quarter. Tranquility Partners LLC now owns 4,354 shares of the business services provider's stock worth $850,000 after buying an additional 58 shares during the period. Oarsman Capital Inc. increased its holdings in shares of Waste Connections by 41.4% in the fourth quarter. Oarsman Capital Inc. now owns 222 shares of the business services provider's stock valued at $38,000 after purchasing an additional 65 shares during the period. AdvisorNet Financial Inc raised its stake in shares of Waste Connections by 28.9% in the first quarter. AdvisorNet Financial Inc now owns 290 shares of the business services provider's stock worth $57,000 after purchasing an additional 65 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Waste Connections by 59.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider's stock valued at $33,000 after buying an additional 71 shares during the last quarter. Finally, Integrated Advisors Network LLC increased its holdings in Waste Connections by 5.5% in the 4th quarter. Integrated Advisors Network LLC now owns 1,562 shares of the business services provider's stock worth $268,000 after buying an additional 81 shares during the period. Hedge funds and other institutional investors own 86.09% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on WCN shares. Truist Financial set a $220.00 price objective on shares of Waste Connections in a research note on Friday, April 25th. JPMorgan Chase & Co. upped their price target on shares of Waste Connections from $197.00 to $230.00 and gave the company an "overweight" rating in a report on Friday, May 23rd. Citigroup increased their price target on Waste Connections from $209.00 to $212.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 29th. Melius Research raised Waste Connections to a "strong-buy" rating and set a $213.00 price objective for the company in a report on Monday, June 9th. Finally, William Blair assumed coverage on Waste Connections in a research report on Thursday, April 3rd. They set an "outperform" rating for the company. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Waste Connections presently has an average rating of "Buy" and an average price target of $212.29.

Waste Connections Price Performance

Shares of WCN traded down $1.53 during mid-day trading on Friday, hitting $185.96. 870,293 shares of the company were exchanged, compared to its average volume of 999,522. The stock has a market cap of $48.05 billion, a price-to-earnings ratio of 76.53, a price-to-earnings-growth ratio of 3.25 and a beta of 0.62. 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 $192.50 and a 200-day moving average of $187.33. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.70 and a current ratio of 0.70.

Waste Connections (NYSE:WCN - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The business services provider reported $1.13 EPS for the quarter, beating 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 return on equity of 15.74% and a net margin of 6.93%. The business's revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.04 earnings per share. Analysts expect that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 7th were issued a $0.315 dividend. The ex-dividend date of this dividend was Wednesday, May 7th. This represents a $1.26 dividend on an annualized basis and a yield of 0.68%. Waste Connections's payout ratio is currently 51.85%.

Waste Connections 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.