Waste Connections, Inc. (NYSE:WCN) Shares Sold by Lmcg Investments LLC

Lmcg Investments LLC trimmed its stake in Waste Connections, Inc. (NYSE:WCN - Free Report) by 18.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,663 shares of the business services provider's stock after selling 14,950 shares during the period. Waste Connections comprises 0.8% of Lmcg Investments LLC's holdings, making the stock its 28th biggest holding. Lmcg Investments LLC's holdings in Waste Connections were worth $12,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Manchester Capital Management LLC bought a new position in shares of Waste Connections during the 4th quarter worth $26,000. Private Trust Co. NA lifted its stake in Waste Connections by 153.3% in the fourth quarter. Private Trust Co. NA now owns 152 shares of the business services provider's stock worth $26,000 after acquiring an additional 92 shares during the period. Stonebridge Financial Group LLC bought a new position in Waste Connections during the 4th quarter worth about $27,000. Aster Capital Management DIFC Ltd bought a new position in Waste Connections during the 4th quarter worth about $28,000. Finally, Smartleaf Asset Management LLC increased its position in Waste Connections by 59.7% during the 4th 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 during the period. 86.09% of the stock is currently owned by institutional investors.

Waste Connections Stock Up 0.2%

Shares of WCN stock traded up $0.46 during trading hours on Thursday, reaching $191.99. 812,111 shares of the company's stock were exchanged, compared to its average volume of 1,004,071. Waste Connections, Inc. has a 1 year low of $165.20 and a 1 year high of $201.66. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.03. The stock has a market cap of $49.60 billion, a PE ratio of 80.33, a PEG ratio of 3.07 and a beta of 0.66. The stock's fifty day moving average price is $194.15 and its two-hundred day moving average price is $187.53.

Waste Connections (NYSE:WCN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.06. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.22 billion. Waste Connections had a net margin of 6.92% and a return on equity of 15.54%. Waste Connections's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.04 EPS. Research analysts predict that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 7th were paid a $0.315 dividend. This represents a $1.26 annualized dividend and a dividend yield of 0.66%. The ex-dividend date was Wednesday, May 7th. Waste Connections's payout ratio is 51.85%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. National Bank Financial raised shares of Waste Connections to a "strong-buy" rating in a research report on Monday, May 26th. William Blair started coverage on shares of Waste Connections in a research note on Thursday, April 3rd. They issued an "outperform" rating for the company. Wall Street Zen lowered Waste Connections from a "buy" rating to a "hold" rating in a report on Friday, February 14th. JPMorgan Chase & Co. lifted their price target on Waste Connections from $197.00 to $230.00 and gave the company an "overweight" rating in a report on Friday, May 23rd. Finally, Seaport Res Ptn raised Waste Connections to a "strong-buy" rating in a research report on Tuesday, May 6th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $212.23.

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.