Capital Group Private Client Services Inc. Sells 11,314 Shares of Waste Connections, Inc. (NYSE:WCN)

Capital Group Private Client Services Inc. trimmed its holdings in Waste Connections, Inc. (NYSE:WCN) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 470,126 shares of the business services provider’s stock after selling 11,314 shares during the period. Capital Group Private Client Services Inc. owned about 0.18% of Waste Connections worth $80,664,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. 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 valued at $26,000 after buying an additional 92 shares in the last quarter. Manchester Capital Management LLC bought a new stake in shares of Waste Connections in the fourth quarter valued at about $26,000. Stonebridge Financial Group LLC acquired a new position in shares of Waste Connections during the fourth quarter worth about $27,000. Aster Capital Management DIFC Ltd bought a new stake in Waste Connections in the 4th quarter valued at approximately $28,000. Finally, Smartleaf Asset Management LLC raised 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 valued at $33,000 after purchasing an additional 71 shares during the last quarter. Institutional investors and hedge funds own 86.09% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on WCN shares. Citigroup cut their price objective on Waste Connections from $218.00 to $209.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Truist Financial reiterated a “buy” rating and set a $210.00 price target (up previously from $200.00) on shares of Waste Connections in a report on Friday, February 14th. Morgan Stanley lifted their target price on Waste Connections from $214.00 to $219.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Jefferies Financial Group cut their price target on Waste Connections from $225.00 to $210.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Finally, William Blair initiated coverage on shares of Waste Connections in a research report on Thursday, April 3rd. They issued an “outperform” rating on the stock. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $204.43.

Waste Connections Stock Performance

NYSE WCN opened at $197.32 on Friday. Waste Connections, Inc. has a 1 year low of $160.34 and a 1 year high of $201.66. The firm has a market capitalization of $50.98 billion, a price-to-earnings ratio of 82.56, a P/E/G ratio of 3.07 and a beta of 0.67. 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 firm’s 50 day simple moving average is $190.03 and its 200 day simple moving average is $184.19.

Waste Connections (NYSE:WCN) last posted its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.04). Waste Connections had a return on equity of 15.54% and a net margin of 6.92%. As a group, research analysts expect that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were given a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date was Thursday, February 27th. Waste Connections’s dividend payout ratio is 52.72%.

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.