TD Waterhouse Canada Inc. Cuts Holdings in Waste Connections, Inc. (NYSE:WCN)

TD Waterhouse Canada Inc. lowered its holdings in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 277,129 shares of the business services provider's stock after selling 3,624 shares during the quarter. TD Waterhouse Canada Inc. owned approximately 0.11% of Waste Connections worth $47,171,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WCN. Manchester Capital Management LLC bought a new stake in shares of Waste Connections during the fourth quarter valued at approximately $26,000. Private Trust Co. NA grew its stake in Waste Connections by 153.3% during the fourth 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. Stonebridge Financial Group LLC bought a new stake in Waste Connections in the 4th quarter valued at $27,000. Aster Capital Management DIFC Ltd purchased a new stake in Waste Connections in the 4th quarter worth $28,000. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of 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 last quarter. Institutional investors own 86.09% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on WCN. StockNews.com lowered Waste Connections from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Morgan Stanley increased their target price on Waste Connections from $214.00 to $219.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Truist Financial set a $220.00 price target on shares of Waste Connections in a research report on Friday. Citigroup dropped their price objective on shares of Waste Connections from $218.00 to $209.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Finally, Scotiabank upped their target price on shares of Waste Connections from $192.00 to $207.00 and gave the company a "sector perform" rating in a research report on Tuesday, April 8th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $206.57.

Waste Connections Trading Down 1.2 %

WCN stock traded down $2.37 during trading on Friday, hitting $194.35. The company had a trading volume of 1,416,532 shares, compared to its average volume of 973,823. The firm has a market capitalization of $50.21 billion, a P/E ratio of 81.32, a PEG ratio of 3.07 and a beta of 0.67. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.03. Waste Connections, Inc. has a 52-week low of $160.34 and a 52-week high of $201.66. The company has a 50 day simple moving average of $190.88 and a 200-day simple moving average of $184.95.

Waste Connections (NYSE:WCN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.06. Waste Connections had a net margin of 6.92% and a return on equity of 15.54%. The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.22 billion. As a group, research analysts forecast that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Announces Dividend

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