Vontobel Holding Ltd. Sells 3,007 Shares of Waste Connections, Inc. (NYSE:WCN)

Vontobel Holding Ltd. lessened its holdings in Waste Connections, Inc. (NYSE:WCN - Free Report) by 43.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,952 shares of the business services provider's stock after selling 3,007 shares during the quarter. Vontobel Holding Ltd.'s holdings in Waste Connections were worth $770,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its position in Waste Connections by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 29,293,002 shares of the business services provider's stock worth $5,025,836,000 after acquiring an additional 174,121 shares during the last quarter. Bank of Montreal Can boosted its position in Waste Connections by 4.3% during the fourth quarter. Bank of Montreal Can now owns 8,644,222 shares of the business services provider's stock valued at $1,481,041,000 after acquiring an additional 356,798 shares during the last quarter. FIL Ltd grew its holdings in Waste Connections by 46.2% during the 4th quarter. FIL Ltd now owns 7,177,724 shares of the business services provider's stock worth $1,231,368,000 after acquiring an additional 2,269,652 shares during the period. Capital International Investors raised its position in shares of Waste Connections by 17.8% in the 4th quarter. Capital International Investors now owns 5,949,152 shares of the business services provider's stock worth $1,020,672,000 after acquiring an additional 899,058 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Waste Connections by 2.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,736,179 shares of the business services provider's stock valued at $984,214,000 after purchasing an additional 150,683 shares in the last quarter. 86.09% of the stock is currently owned by institutional investors.

Waste Connections Stock Performance

Waste Connections stock traded up $1.56 during midday trading on Monday, reaching $182.29. The stock had a trading volume of 1,632,197 shares, compared to its average volume of 1,013,412. Waste Connections, Inc. has a 12 month low of $169.36 and a 12 month high of $201.66. The firm's 50-day moving average price is $191.12 and its 200 day moving average price is $187.56. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $47.10 billion, a PE ratio of 75.02, a P/E/G ratio of 3.14 and a beta of 0.60.

Waste Connections (NYSE:WCN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share (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 analysts' expectations 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 prior year, the business earned $1.04 EPS. As a group, research analysts predict that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 7th were issued a $0.315 dividend. This represents a $1.26 annualized dividend and a dividend yield of 0.69%. The ex-dividend date was Wednesday, May 7th. Waste Connections's dividend payout ratio is 51.85%.

Analysts Set New Price Targets

WCN has been the topic of several research analyst reports. William Blair assumed coverage on shares of Waste Connections in a research note on Thursday, April 3rd. They set an "outperform" rating on the stock. Truist Financial set a $220.00 target price on Waste Connections in a research report on Friday, April 25th. BMO Capital Markets upped their target price on shares of Waste Connections from $214.00 to $216.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. Scotiabank lifted their price target on Waste Connections from $192.00 to $207.00 and gave the company a "sector perform" rating in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. upped their price target on Waste Connections from $197.00 to $230.00 and gave the stock an "overweight" rating in a report on Friday, May 23rd. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat, Waste Connections currently has a consensus rating of "Buy" and a consensus price target of $212.29.

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.