Mn Services Vermogensbeheer B.V. Sells 6,900 Shares of Waste Connections, Inc. (NYSE:WCN)

Mn Services Vermogensbeheer B.V. lessened its stake in Waste Connections, Inc. (NYSE:WCN - Free Report) by 6.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,700 shares of the business services provider's stock after selling 6,900 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Waste Connections were worth $18,680,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Manchester Capital Management LLC purchased a new position in Waste Connections in the fourth quarter worth $26,000. Private Trust Co. NA increased 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 valued at $26,000 after purchasing an additional 92 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Waste Connections during the 4th quarter valued at about $28,000. Smartleaf Asset Management LLC lifted its position in Waste Connections by 59.7% in 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 during the last quarter. Finally, Oarsman Capital Inc. boosted its stake in Waste Connections by 41.4% in the fourth quarter. Oarsman Capital Inc. now owns 222 shares of the business services provider's stock worth $38,000 after buying an additional 65 shares in the last quarter. Institutional investors own 86.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on WCN. William Blair initiated coverage on shares of Waste Connections in a report on Thursday, April 3rd. They issued an "outperform" rating for the company. Scotiabank lifted their price target 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. Royal Bank Of Canada reiterated an "outperform" rating and set a $221.00 target price on shares of Waste Connections in a report on Friday, April 25th. National Bank Financial upgraded Waste Connections to a "strong-buy" rating in a report on Monday, May 26th. Finally, Truist Financial set a $220.00 price objective on Waste Connections in a report on Friday, April 25th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and four have given a strong buy rating to the company. According to MarketBeat, Waste Connections currently has an average rating of "Buy" and an average price target of $212.29.

Waste Connections Stock Down 0.4%

Shares of WCN traded down $0.79 during mid-day trading on Thursday, reaching $186.93. The company had a trading volume of 948,306 shares, compared to its average volume of 999,407. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.70 and a current ratio of 0.70. The company has a market capitalization of $48.30 billion, a price-to-earnings ratio of 76.93, a price-to-earnings-growth ratio of 3.25 and a beta of 0.62. The firm has a 50-day moving average price of $193.74 and a 200 day moving average price of $187.46. Waste Connections, Inc. has a 52 week low of $169.36 and a 52 week high of $201.66.

Waste Connections (NYSE:WCN - Get Free Report) last released its earnings results on Wednesday, April 23rd. The business services provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.07 by $0.06. The business had revenue of $2.23 billion for 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 company's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.04 earnings per share. On average, sell-side analysts forecast that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Wednesday, May 7th were issued a $0.315 dividend. The ex-dividend date was Wednesday, May 7th. This represents a $1.26 annualized dividend and a yield of 0.67%. 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.