Tobam Has $175,000 Holdings in Waste Connections, Inc. (NYSE:WCN)

Tobam lowered its stake in Waste Connections, Inc. (NYSE:WCN - Free Report) by 86.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 896 shares of the business services provider's stock after selling 5,599 shares during the period. Tobam's holdings in Waste Connections were worth $175,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Private Trust Co. NA lifted its position in Waste Connections by 153.3% during the 4th quarter. Private Trust Co. NA now owns 152 shares of the business services provider's stock worth $26,000 after buying an additional 92 shares in the last quarter. Manchester Capital Management LLC acquired a new stake in shares of Waste Connections during the fourth quarter worth $26,000. Stonebridge Financial Group LLC acquired a new position in shares of Waste Connections during the 4th quarter worth approximately $27,000. Aster Capital Management DIFC Ltd bought a new position in Waste Connections during the 4th quarter worth $28,000. Finally, Smartleaf Asset Management LLC raised its stake 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 purchasing an additional 71 shares in the last quarter. Institutional investors own 86.09% of the company's stock.

Analyst Ratings Changes

WCN has been the subject of a number of research reports. JPMorgan Chase & Co. increased their price target on Waste Connections from $197.00 to $230.00 and gave the company an "overweight" rating in a research note on Friday, May 23rd. BMO Capital Markets lifted their price objective on Waste Connections from $214.00 to $216.00 and gave the stock an "outperform" rating in a research report on Friday, April 25th. 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. Melius began coverage on shares of Waste Connections in a research note on Monday, June 9th. They issued a "buy" rating on the stock. Finally, Seaport Res Ptn raised Waste Connections to a "strong-buy" rating in a research report on Tuesday, May 6th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat.com, Waste Connections presently has an average rating of "Buy" and a consensus price target of $212.29.

Waste Connections Trading Up 0.3%

Shares of WCN traded up $0.62 during midday trading on Tuesday, hitting $187.70. 1,037,132 shares of the stock were exchanged, compared to its average volume of 998,429. The stock has a fifty day simple moving average of $193.87 and a 200 day simple moving average of $187.46. Waste Connections, Inc. has a 52-week low of $169.36 and a 52-week high of $201.66. 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 firm has a market cap of $48.50 billion, a P/E ratio of 77.24, a P/E/G ratio of 3.24 and a beta of 0.62.

Waste Connections (NYSE:WCN - Get Free Report) last issued 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. The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.22 billion. Waste Connections had a net margin of 6.93% and a return on equity of 15.74%. The company's revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.04 earnings per share. On average, research analysts anticipate that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 7th were paid 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 dividend yield of 0.67%. Waste Connections's dividend payout ratio (DPR) 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.