Tandem Investment Advisors Inc. Trims Stock Holdings in Waste Connections, Inc. (NYSE:WCN)

Tandem Investment Advisors Inc. decreased its holdings in Waste Connections, Inc. (NYSE:WCN - Free Report) by 3.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 354,745 shares of the business services provider's stock after selling 11,428 shares during the quarter. Waste Connections accounts for approximately 2.4% of Tandem Investment Advisors Inc.'s investment portfolio, making the stock its 22nd biggest holding. Tandem Investment Advisors Inc. owned 0.14% of Waste Connections worth $69,243,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in WCN. Private Trust Co. NA lifted its position in Waste Connections by 153.3% in the 4th quarter. Private Trust Co. NA now owns 152 shares of the business services provider's stock valued at $26,000 after acquiring an additional 92 shares in the last quarter. Metis Global Partners LLC increased its stake in Waste Connections by 9.3% in the 4th quarter. Metis Global Partners LLC now owns 5,066 shares of the business services provider's stock valued at $869,000 after buying an additional 431 shares during the last quarter. Smartleaf Asset Management LLC increased its stake 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 valued at $33,000 after buying an additional 71 shares during the last quarter. Jones Financial Companies Lllp increased its stake in Waste Connections by 60.3% in the 4th quarter. Jones Financial Companies Lllp now owns 2,438 shares of the business services provider's stock valued at $418,000 after buying an additional 917 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in Waste Connections by 30.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,521 shares of the business services provider's stock valued at $604,000 after buying an additional 829 shares during the last quarter. Institutional investors own 86.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on WCN. Citigroup increased their price objective on shares of Waste Connections from $209.00 to $212.00 and gave the company a "neutral" rating in a research note on Tuesday, April 29th. National Bank Financial upgraded shares of Waste Connections to a "strong-buy" rating in a research note on Monday, May 26th. JPMorgan Chase & Co. increased their price objective on shares of Waste Connections from $197.00 to $230.00 and gave the company an "overweight" rating in a research note on Friday, May 23rd. Melius began coverage on shares of Waste Connections in a research note on Monday, June 9th. They issued a "buy" rating for the company. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $221.00 price objective on shares of Waste Connections in a research note on Friday, April 25th. Four 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's stock. According to data from MarketBeat, Waste Connections has a consensus rating of "Buy" and a consensus target price of $212.29.

Waste Connections Stock Performance

NYSE WCN traded up $1.75 on Friday, hitting $179.85. 1,360,724 shares of the stock traded hands, compared to its average volume of 1,010,927. The business's fifty day moving average is $191.12 and its two-hundred day moving average is $187.56. Waste Connections, Inc. has a 12 month low of $169.36 and a 12 month high of $201.66. The firm has a market capitalization of $46.47 billion, a price-to-earnings ratio of 74.01, a PEG ratio of 3.14 and a beta of 0.60. 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 released its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, beating 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 business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period in the previous year, the business earned $1.04 EPS. Waste Connections's revenue was up 7.5% compared to the same quarter last year. As a group, equities analysts anticipate that Waste Connections, Inc. will post 5.28 EPS for the current fiscal 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 paid a $0.315 dividend. The ex-dividend date was Wednesday, May 7th. This represents a $1.26 dividend on an annualized basis and a yield of 0.70%. Waste Connections's dividend payout ratio 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.