Capital Group Private Client Services Inc. Has $11.54 Million Holdings in Waste Connections, Inc. $WCN

Capital Group Private Client Services Inc. cut its position in shares of Waste Connections, Inc. (NYSE:WCN) by 75.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,631 shares of the business services provider’s stock after selling 197,505 shares during the period. Capital Group Private Client Services Inc.’s holdings in Waste Connections were worth $11,538,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Legal & General Group Plc lifted its position in Waste Connections by 14.6% in the third quarter. Legal & General Group Plc now owns 1,254,625 shares of the business services provider’s stock worth $220,497,000 after purchasing an additional 160,024 shares during the period. Banque Cantonale Vaudoise increased its holdings in Waste Connections by 36.6% in the 3rd quarter. Banque Cantonale Vaudoise now owns 4,228 shares of the business services provider’s stock valued at $744,000 after buying an additional 1,132 shares during the period. Vestcor Inc increased its holdings in Waste Connections by 7.0% in the 3rd quarter. Vestcor Inc now owns 60,609 shares of the business services provider’s stock valued at $10,655,000 after buying an additional 3,991 shares during the period. WINTON GROUP Ltd acquired a new position in shares of Waste Connections in the 3rd quarter valued at $4,553,000. Finally, PFG Advisors lifted its holdings in shares of Waste Connections by 10.4% during the 3rd quarter. PFG Advisors now owns 30,479 shares of the business services provider’s stock worth $5,358,000 after acquiring an additional 2,860 shares during the period. 86.09% of the stock is currently owned by institutional investors and hedge funds.

Waste Connections Stock Up 0.9%

WCN opened at $171.71 on Tuesday. The firm has a market cap of $43.90 billion, a price-to-earnings ratio of 41.18, a PEG ratio of 2.92 and a beta of 0.62. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.62 and a current ratio of 0.62. The firm’s 50-day simple moving average is $168.39 and its 200-day simple moving average is $172.25. Waste Connections, Inc. has a twelve month low of $155.65 and a twelve month high of $201.66.

Waste Connections (NYSE:WCN) last announced its quarterly earnings results on Wednesday, February 11th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.01. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.37 billion. Waste Connections had a net margin of 11.37% and a return on equity of 16.25%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the firm posted $1.16 EPS. Equities research analysts anticipate that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Wednesday, February 25th will be given a dividend of $0.35 per share. The ex-dividend date is Wednesday, February 25th. This represents a $1.40 dividend on an annualized basis and a yield of 0.8%. Waste Connections’s dividend payout ratio is 33.57%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Morgan Stanley set a $205.00 target price on shares of Waste Connections and gave the company an “overweight” rating in a research report on Friday, February 13th. Barclays set a $176.00 price target on shares of Waste Connections and gave the stock an “equal weight” rating in a research report on Friday, February 13th. The Goldman Sachs Group began coverage on Waste Connections in a report on Monday, November 24th. They set a “buy” rating and a $202.00 price objective on the stock. TD Cowen lowered their price objective on Waste Connections from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. Finally, BNP Paribas Exane assumed coverage on Waste Connections in a report on Tuesday, January 6th. They issued an “outperform” rating for the company. Four investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $203.75.

Waste Connections Company Profile

Waste Connections (NYSE: WCN) is a North American integrated waste services company that provides a range of solid waste and environmental services to municipal, commercial, industrial and residential customers. The company offers collection, transportation, transfer, disposal and recycling services, and operates an extensive network of transfer stations and disposal facilities. Waste Connections positions itself as a provider of infrastructure-driven waste solutions across many regions of the United States and Canada.

The company’s operating activities include routine curbside and commercial collection, roll-off and container services, operation of landfills and transfer stations, and recycling and resource recovery programs.