Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp trimmed its position in Waste Connections Inc (NYSE:WCN) by 26.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 190,934 shares of the business services provider’s stock after selling 67,808 shares during the quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in Waste Connections were worth $17,024,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of WCN. Carillon Tower Advisers Inc. acquired a new stake in Waste Connections in the 4th quarter worth about $145,602,000. Picton Mahoney Asset Management boosted its holdings in Waste Connections by 1,175.8% in the 4th quarter. Picton Mahoney Asset Management now owns 1,286,014 shares of the business services provider’s stock worth $112,875,000 after buying an additional 1,185,214 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Waste Connections by 28.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 3,856,170 shares of the business services provider’s stock worth $273,557,000 after buying an additional 864,008 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Waste Connections by 39.9% in the 4th quarter. Renaissance Technologies LLC now owns 2,786,911 shares of the business services provider’s stock worth $197,732,000 after buying an additional 794,700 shares during the last quarter. Finally, Ascend Capital LLC boosted its holdings in Waste Connections by 200.4% in the 4th quarter. Ascend Capital LLC now owns 931,327 shares of the business services provider’s stock worth $66,067,000 after buying an additional 621,290 shares during the last quarter. Institutional investors own 84.21% of the company’s stock.

In related news, CEO Ronald J. Mittelstaedt sold 45,000 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $73.32, for a total value of $3,299,400.00. Following the transaction, the chief executive officer now directly owns 100,462 shares in the company, valued at $7,365,873.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David Eddie sold 6,071 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $71.06, for a total value of $431,405.26. The disclosure for this sale can be found here. Insiders sold 67,571 shares of company stock worth $4,911,600 over the last quarter. 0.60% of the stock is currently owned by insiders.

Several brokerages have recently weighed in on WCN. Zacks Investment Research cut Waste Connections from a “buy” rating to a “hold” rating in a report on Wednesday. UBS began coverage on Waste Connections in a report on Thursday, March 15th. They set a “buy” rating and a $91.00 target price on the stock. Bank of America began coverage on Waste Connections in a report on Friday, December 22nd. They set a “buy” rating and a $80.00 target price on the stock. Credit Suisse Group set a $80.00 target price on Waste Connections and gave the stock a “buy” rating in a report on Friday, February 16th. Finally, Stifel Nicolaus restated a “buy” rating and set a $85.00 target price on shares of Waste Connections in a report on Thursday, January 4th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $79.21.

Waste Connections stock opened at $73.36 on Thursday. Waste Connections Inc has a twelve month low of $56.81 and a twelve month high of $74.59. The company has a market capitalization of $19,389.97, a P/E ratio of 33.99, a P/E/G ratio of 2.70 and a beta of 0.19. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.47 and a quick ratio of 1.47.

Waste Connections (NYSE:WCN) last released its quarterly earnings data on Wednesday, February 14th. The business services provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Waste Connections had a return on equity of 9.63% and a net margin of 12.46%. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the prior year, the firm posted $0.46 earnings per share. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. equities analysts anticipate that Waste Connections Inc will post 2.53 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 14th. Investors of record on Wednesday, February 28th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Tuesday, February 27th. Waste Connections’s dividend payout ratio is presently 25.65%.

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Waste Connections Profile

Waste Connections, Inc is a solid waste services company in North America. The Company provides waste collection, transfer, disposal and recycling services in markets in the United States and Canada. The Company operates through six segments: Southern segment, Western segment, Eastern segment, Canada segment, Central segment and E&P segment.

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

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