Parametric Portfolio Associates LLC decreased its holdings in shares of Waste Connections Inc (NYSE:WCN) by 12.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 141,625 shares of the business services provider’s stock after selling 19,542 shares during the period. Parametric Portfolio Associates LLC’s holdings in Waste Connections were worth $12,547,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in WCN. Lindbrook Capital LLC acquired a new stake in shares of Waste Connections during the fourth quarter worth about $30,000. Resources Investment Advisors Inc. acquired a new stake in shares of Waste Connections during the fourth quarter worth about $32,000. Rehmann Capital Advisory Group raised its holdings in Waste Connections by 3,300.0% during the fourth quarter. Rehmann Capital Advisory Group now owns 442 shares of the business services provider’s stock worth $33,000 after purchasing an additional 429 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in Waste Connections by 49.0% during the fourth quarter. Proficio Capital Partners LLC now owns 465 shares of the business services provider’s stock worth $35,000 after purchasing an additional 153 shares in the last quarter. Finally, Capital Investment Advisory Services LLC purchased a new position in Waste Connections during the fourth quarter worth about $42,000. Institutional investors and hedge funds own 83.33% of the company’s stock.

Waste Connections stock traded up $0.52 during mid-day trading on Wednesday, reaching $93.64. The company had a trading volume of 180,370 shares, compared to its average volume of 807,173. Waste Connections Inc has a 1 year low of $70.28 and a 1 year high of $95.80. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.67. The stock has a market cap of $24.75 billion, a PE ratio of 37.16, a price-to-earnings-growth ratio of 2.73 and a beta of 0.23.

Waste Connections (NYSE:WCN) last issued its earnings results on Wednesday, April 24th. The business services provider reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. Waste Connections had a net margin of 10.89% and a return on equity of 10.58%. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period last year, the company posted $0.56 earnings per share. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, sell-side analysts forecast that Waste Connections Inc will post 2.77 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were issued a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $0.64 dividend on an annualized basis and a yield of 0.68%. Waste Connections’s dividend payout ratio (DPR) is presently 25.40%.

Several research analysts recently issued reports on WCN shares. Zacks Investment Research cut shares of Waste Connections from a “hold” rating to a “sell” rating in a report on Friday, April 5th. Raymond James increased their price target on shares of Waste Connections from $102.00 to $105.00 and gave the stock a “strong-buy” rating in a report on Friday, April 26th. Stifel Nicolaus raised shares of Waste Connections from a “hold” rating to a “buy” rating and increased their price target for the stock from $88.00 to $105.00 in a report on Thursday, April 25th. Royal Bank of Canada increased their price target on shares of Waste Connections from $90.00 to $104.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Finally, Bank of America reissued a “buy” rating and set a $98.00 price target (up from $88.00) on shares of Waste Connections in a report on Thursday, April 25th. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $95.40.

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Waste Connections Company Profile

Waste Connections, Inc 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, mixed 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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