Waste Connections Inc (WCN) Position Reduced by Keybank National Association OH

Keybank National Association OH cut its stake in shares of Waste Connections Inc (NYSE:WCN) by 1.8% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 45,828 shares of the business services provider’s stock after selling 861 shares during the period. Keybank National Association OH’s holdings in Waste Connections were worth $4,043,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of WCN. Henderson Group PLC boosted its stake in Waste Connections by 2.9% in the third quarter. Henderson Group PLC now owns 10,132 shares of the business services provider’s stock valued at $757,000 after buying an additional 283 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Waste Connections by 2.0% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 25,180 shares of the business services provider’s stock valued at $1,881,000 after buying an additional 500 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Waste Connections by 2.4% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 534,077 shares of the business services provider’s stock valued at $39,896,000 after buying an additional 12,675 shares in the last quarter. World Asset Management Inc boosted its stake in Waste Connections by 8.0% in the third quarter. World Asset Management Inc now owns 11,731 shares of the business services provider’s stock valued at $876,000 after buying an additional 868 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its stake in Waste Connections by 7.3% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 12,144 shares of the business services provider’s stock valued at $907,000 after buying an additional 828 shares in the last quarter. 85.28% of the stock is currently owned by hedge funds and other institutional investors.

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

Waste Connections Inc (NYSE:WCN) traded up 0.20% during mid-day trading on Friday, reaching $91.90. 469,940 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $90.35 and its 200 day moving average price is $83.16. Waste Connections Inc has a 12 month low of $65.44 and a 12 month high of $93.81. The stock has a market capitalization of $16.13 billion, a PE ratio of 71.08 and a beta of 0.26. Shares of Waste Connections are set to split on Monday, June 19th. The 3-2 split was announced on Wednesday, April 26th. The newly issued shares will be issued to shareholders after the closing bell on Friday, June 16th.

Waste Connections (NYSE:WCN) last issued its earnings results on Wednesday, April 26th. The business services provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.69 by $0.05. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Waste Connections had a return on equity of 8.53% and a net margin of 5.77%. Waste Connections’s quarterly revenue was up 112.0% compared to the same quarter last year. During the same period last year, the business earned $0.45 earnings per share. Equities research analysts predict that Waste Connections Inc will post $3.12 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 24th. Investors of record on Wednesday, May 10th will be given a $0.18 dividend. The ex-dividend date is Monday, May 8th. This represents a $0.72 annualized dividend and a yield of 0.78%. Waste Connections’s dividend payout ratio (DPR) is currently 47.04%.

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WCN has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Waste Connections from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a report on Tuesday, February 14th. Wedbush reaffirmed an “outperform” rating and issued a $93.00 price target (up from $85.00) on shares of Waste Connections in a report on Wednesday, February 22nd. Barclays PLC reaffirmed a “buy” rating and issued a $94.00 price target on shares of Waste Connections in a report on Friday, March 3rd. Royal Bank of Canada cut their price target on shares of Waste Connections from $102.00 to $95.00 and set an “outperform” rating on the stock in a report on Friday, April 28th. Finally, TD Securities cut their price target on shares of Waste Connections from $100.00 to $95.00 and set a “hold” rating on the stock in a report on Friday, April 28th. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $91.58.

In other news, Director Susan Lee bought 1,200 shares of Waste Connections stock in a transaction that occurred on Tuesday, May 16th. The stock was purchased at an average cost of $92.05 per share, with a total value of $110,460.00. Following the completion of the transaction, the director now directly owns 3,679 shares in the company, valued at $338,651.95. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.68% of the stock is owned by company insiders.

About Waste Connections

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.

12 Month Chart for NYSE:WCN

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