Pathstone Holdings LLC Cuts Stock Holdings in Waste Connections, Inc. (NYSE:WCN)

Pathstone Holdings LLC trimmed its position in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 4.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,430 shares of the business services provider's stock after selling 1,990 shares during the period. Pathstone Holdings LLC's holdings in Waste Connections were worth $7,452,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Manchester Capital Management LLC bought a new stake in shares of Waste Connections in the 4th quarter worth approximately $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 purchasing an additional 92 shares during the last quarter. Stonebridge Financial Group LLC purchased a new stake in Waste Connections during the fourth quarter valued at about $27,000. Aster Capital Management DIFC Ltd bought a new position in shares of Waste Connections during the fourth quarter valued at about $28,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Waste Connections by 59.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider's stock worth $33,000 after buying an additional 71 shares during the period. Hedge funds and other institutional investors own 86.09% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on WCN shares. Seaport Res Ptn raised 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. Jefferies Financial Group cut their target price on Waste Connections from $225.00 to $210.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. Scotiabank lifted their price target on shares of Waste Connections from $192.00 to $207.00 and gave the company a "sector perform" rating in a report on Tuesday, April 8th. Finally, William Blair assumed coverage on shares of Waste Connections in a report on Thursday, April 3rd. They issued an "outperform" rating for the company. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Waste Connections has a consensus rating of "Moderate Buy" and a consensus target price of $208.21.

Waste Connections Stock Down 1.0%

Shares of WCN stock traded down $1.92 during trading hours on Thursday, hitting $194.01. 329,057 shares of the company's stock traded hands, compared to its average volume of 998,538. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.03. The stock's fifty day simple moving average is $193.26 and its two-hundred day simple moving average is $186.68. Waste Connections, Inc. has a 12-month low of $160.34 and a 12-month high of $201.66. The stock has a market cap of $50.12 billion, a price-to-earnings ratio of 81.19, a PEG ratio of 3.07 and a beta of 0.66.

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 for the quarter, beating analysts' consensus estimates of $1.07 by $0.06. The company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.22 billion. Waste Connections had a return on equity of 15.54% and a net margin of 6.92%. The firm's revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the company earned $1.04 EPS. On average, analysts expect that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 7th will be issued a dividend of $0.315 per share. The ex-dividend date is Wednesday, May 7th. This represents a $1.26 annualized dividend and a dividend yield of 0.65%. Waste Connections's payout ratio is presently 51.85%.

Waste Connections Company 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.