Stevens Capital Management LP trimmed its holdings in Waste Connections Inc (NYSE:WCN) by 65.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,322 shares of the business services provider’s stock after selling 42,262 shares during the period. Stevens Capital Management LP’s holdings in Waste Connections were worth $1,781,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. Aperio Group LLC increased its position in Waste Connections by 45.9% during the second quarter. Aperio Group LLC now owns 68,121 shares of the business services provider’s stock worth $5,128,000 after purchasing an additional 21,418 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Waste Connections by 60.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 41,706 shares of the business services provider’s stock worth $3,140,000 after purchasing an additional 15,681 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Waste Connections during the second quarter worth about $3,255,000. Frontier Capital Management Co. LLC increased its position in Waste Connections by 1.2% during the second quarter. Frontier Capital Management Co. LLC now owns 1,784,030 shares of the business services provider’s stock worth $134,302,000 after purchasing an additional 20,753 shares during the last quarter. Finally, Virginia Retirement Systems ET AL acquired a new stake in Waste Connections during the second quarter worth about $8,589,000. 81.72% of the stock is owned by hedge funds and other institutional investors.

Shares of WCN stock opened at $77.91 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.58. The stock has a market cap of $20.67 billion, a price-to-earnings ratio of 36.07, a P/E/G ratio of 2.66 and a beta of 0.14. Waste Connections Inc has a 1-year low of $65.06 and a 1-year high of $81.36.

Waste Connections (NYSE:WCN) last announced its earnings results on Monday, October 29th. The business services provider reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.01. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. Waste Connections had a net margin of 15.14% and a return on equity of 10.07%. Waste Connections’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 earnings per share. Equities research analysts anticipate that Waste Connections Inc will post 2.51 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 27th. Shareholders of record on Tuesday, November 13th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.82%. The ex-dividend date was Friday, November 9th. This is a positive change from Waste Connections’s previous quarterly dividend of $0.14. Waste Connections’s dividend payout ratio (DPR) is 29.63%.

Several equities research analysts recently issued reports on WCN shares. Zacks Investment Research upgraded shares of Waste Connections from a “hold” rating to a “buy” rating and set a $84.00 price objective for the company in a research report on Saturday, October 13th. Oppenheimer set a $87.00 price objective on shares of Waste Connections and gave the stock a “buy” rating in a research report on Wednesday, October 31st. BMO Capital Markets raised their price objective on shares of Waste Connections from $86.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, October 31st. UBS Group set a $90.00 price objective on shares of Waste Connections and gave the stock a “buy” rating in a research report on Wednesday, October 31st. Finally, Royal Bank of Canada raised their price objective on shares of Waste Connections from $84.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 31st. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $86.09.

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Waste Connections Profile

Waste Connections, Inc, a solid waste services company, provides waste collection, transfer, disposal, and recycling services in the United States and Canada. The company operates through six segments: Southern, Western, Eastern, Canada, Central, and Exploration and Production (E&P). It offers collection services to residential, commercial, municipal, industrial, and E&P customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, office paper, plastic containers, glass bottles, and ferrous and aluminum metals.

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

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