Segall Bryant & Hamill LLC Sells 8,115 Shares of Waste Connections, Inc. (NYSE:WCN)

Segall Bryant & Hamill LLC lowered its position in Waste Connections, Inc. (NYSE:WCN - Free Report) by 12.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 56,647 shares of the business services provider's stock after selling 8,115 shares during the period. Segall Bryant & Hamill LLC's holdings in Waste Connections were worth $11,057,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of WCN. Norges Bank bought a new position in shares of Waste Connections in the fourth quarter valued at approximately $687,935,000. FIL Ltd raised its stake in shares of Waste Connections by 46.2% in the fourth quarter. FIL Ltd now owns 7,177,724 shares of the business services provider's stock valued at $1,231,368,000 after acquiring an additional 2,269,652 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Waste Connections by 19,519.1% in the first quarter. GAMMA Investing LLC now owns 918,564 shares of the business services provider's stock valued at $179,295,000 after acquiring an additional 913,882 shares during the last quarter. Capital International Investors raised its stake in shares of Waste Connections by 17.8% in the fourth quarter. Capital International Investors now owns 5,949,152 shares of the business services provider's stock valued at $1,020,672,000 after acquiring an additional 899,058 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Waste Connections by 239.9% in the fourth quarter. Geode Capital Management LLC now owns 647,727 shares of the business services provider's stock valued at $115,558,000 after acquiring an additional 457,137 shares during the last quarter. Institutional investors own 86.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Seaport Res Ptn upgraded shares of Waste Connections to a "strong-buy" rating in a research note on Tuesday, May 6th. Truist Financial set a $220.00 price target on shares of Waste Connections in a report on Friday, April 25th. Royal Bank Of Canada reissued an "outperform" rating and issued a $221.00 price target on shares of Waste Connections in a report on Friday, April 25th. Citigroup raised their price target on shares of Waste Connections from $209.00 to $212.00 and gave the company a "neutral" rating in a report on Tuesday, April 29th. Finally, CIBC lowered their price target on shares of Waste Connections from $215.00 to $212.00 and set an "outperformer" rating for the company in a report on Tuesday, July 8th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $213.57.

Waste Connections Trading Up 0.3%

WCN traded up $0.60 during trading on Friday, reaching $182.83. 1,095,675 shares of the company's stock were exchanged, compared to its average volume of 1,028,279. The company's fifty day moving average price is $188.58 and its 200-day moving average price is $188.00. 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, Inc. has a fifty-two week low of $169.36 and a fifty-two week high of $201.66. The firm has a market capitalization of $47.24 billion, a PE ratio of 75.24, a P/E/G ratio of 3.17 and a beta of 0.60.

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 analysts' consensus estimates of $1.07 by $0.06. Waste Connections had a net margin of 6.93% and a return on equity of 15.74%. The firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the previous year, the business earned $1.04 EPS. The business's quarterly revenue was up 7.5% compared to the same quarter last year. As a group, equities analysts forecast that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 7th were given a dividend of $0.315 per share. The ex-dividend date of this dividend was Wednesday, May 7th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.69%. Waste Connections's dividend payout ratio is 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.