Russell Investments Group Ltd. Sells 22,206 Shares of Waste Connections, Inc. (NYSE:WCN)

Russell Investments Group Ltd. lowered its position in Waste Connections, Inc. (NYSE:WCNGet Rating) by 7.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 279,239 shares of the business services provider’s stock after selling 22,206 shares during the period. Russell Investments Group Ltd.’s holdings in Waste Connections were worth $37,801,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. HighTower Advisors LLC grew its holdings in shares of Waste Connections by 36.0% during the first quarter. HighTower Advisors LLC now owns 10,714 shares of the business services provider’s stock worth $1,501,000 after purchasing an additional 2,835 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of Waste Connections by 10.4% during the first quarter. Private Advisor Group LLC now owns 3,202 shares of the business services provider’s stock valued at $448,000 after purchasing an additional 301 shares during the last quarter. Vontobel Holding Ltd. raised its position in Waste Connections by 39.5% in the 1st quarter. Vontobel Holding Ltd. now owns 11,747 shares of the business services provider’s stock worth $1,641,000 after purchasing an additional 3,328 shares during the last quarter. Blair William & Co. IL raised its position in shares of Waste Connections by 34.9% during the first quarter. Blair William & Co. IL now owns 40,524 shares of the business services provider’s stock worth $5,661,000 after acquiring an additional 10,473 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in Waste Connections by 6.2% in the first quarter. Sei Investments Co. now owns 133,034 shares of the business services provider’s stock valued at $18,661,000 after acquiring an additional 7,734 shares during the last quarter. 85.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WCN has been the subject of a number of recent research reports. Morgan Stanley dropped their price target on shares of Waste Connections from $163.00 to $158.00 and set an “overweight” rating for the company in a research note on Wednesday, January 4th. StockNews.com initiated coverage on shares of Waste Connections in a report on Wednesday, October 12th. They issued a “buy” rating on the stock. Raymond James boosted their price target on shares of Waste Connections from $149.00 to $157.00 and gave the company a “strong-buy” rating in a report on Monday, November 7th. Jefferies Financial Group reaffirmed a “buy” rating and set a $165.00 price objective on shares of Waste Connections in a research note on Tuesday, October 25th. Finally, Royal Bank of Canada raised their price target on Waste Connections from $150.00 to $153.00 and gave the stock an “outperform” rating in a research report on Friday, November 4th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $151.00.

Insider Transactions at Waste Connections

In related news, SVP Eric Hansen sold 4,000 shares of Waste Connections stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $136.93, for a total transaction of $547,720.00. Following the completion of the sale, the senior vice president now directly owns 6,460 shares of the company’s stock, valued at approximately $884,567.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.34% of the stock is currently owned by corporate insiders.

Waste Connections Stock Up 0.4 %

NYSE:WCN opened at $129.69 on Wednesday. The firm has a market capitalization of $33.36 billion, a price-to-earnings ratio of 41.57, a price-to-earnings-growth ratio of 2.41 and a beta of 0.68. Waste Connections, Inc. has a twelve month low of $113.50 and a twelve month high of $148.20. The stock’s 50 day moving average price is $135.80 and its two-hundred day moving average price is $135.92. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.90.

Waste Connections (NYSE:WCNGet Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The business services provider reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.09. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.87 billion. Waste Connections had a net margin of 11.59% and a return on equity of 14.10%. Equities research analysts expect that Waste Connections, Inc. will post 3.8 earnings per share for the current fiscal year.

Waste Connections Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 1st. Shareholders of record on Wednesday, November 16th were given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 0.79%. This is a boost from Waste Connections’s previous quarterly dividend of $0.23. The ex-dividend date was Tuesday, November 15th. Waste Connections’s payout ratio is 32.69%.

Waste Connections Profile

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Waste Connections, Inc engages in the provision of non-hazardous waste collection, transfer, and disposal services. It offers its services to residential, commercial, landfill and transfer stations, and industries such as office, apartments multi-family, construction and demolition, property management, retail, restaurant, and manufacturing.

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Institutional Ownership by Quarter for Waste Connections (NYSE:WCN)

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