Envestnet Asset Management Inc. Has $80.14 Million Stock Holdings in Waste Connections, Inc. (NYSE:WCN)

Envestnet Asset Management Inc. decreased its position in Waste Connections, Inc. (NYSE:WCN) by 8.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 467,104 shares of the business services provider’s stock after selling 42,224 shares during the period. Envestnet Asset Management Inc.’s holdings in Waste Connections were worth $80,138,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Sit Investment Associates Inc. grew its stake in Waste Connections by 0.3% in the fourth quarter. Sit Investment Associates Inc. now owns 62,551 shares of the business services provider’s stock valued at $10,733,000 after acquiring an additional 199 shares during the period. Oarsman Capital Inc. lifted its holdings in shares of Waste Connections by 41.4% during the 4th quarter. Oarsman Capital Inc. now owns 222 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 65 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new position in shares of Waste Connections in the 4th quarter valued at approximately $15,483,000. Bornite Capital Management LP increased its stake in Waste Connections by 111.7% during the 4th quarter. Bornite Capital Management LP now owns 211,700 shares of the business services provider’s stock worth $36,323,000 after purchasing an additional 111,700 shares in the last quarter. Finally, Motley Fool Asset Management LLC raised its holdings in Waste Connections by 6.2% during the 4th quarter. Motley Fool Asset Management LLC now owns 106,737 shares of the business services provider’s stock worth $18,314,000 after buying an additional 6,248 shares during the period. Institutional investors own 86.09% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WCN. Citigroup lowered their price objective on shares of Waste Connections from $218.00 to $209.00 and set a “neutral” rating for the company in a research report on Tuesday. William Blair started coverage on Waste Connections in a report on Thursday, April 3rd. They set an “outperform” rating for the company. Stifel Nicolaus boosted their price target on Waste Connections from $205.00 to $212.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Oppenheimer increased their price objective on Waste Connections from $192.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Finally, StockNews.com cut Waste Connections from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $204.43.

Waste Connections Stock Performance

Shares of WCN opened at $183.33 on Wednesday. The company has a market cap of $47.37 billion, a PE ratio of 76.71, a price-to-earnings-growth ratio of 3.07 and a beta of 0.67. The firm has a 50-day moving average of $188.92 and a 200-day moving average of $183.38. Waste Connections, Inc. has a one year low of $158.88 and a one year high of $201.66. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.65 and a quick ratio of 0.65.

Waste Connections (NYSE:WCN) last posted its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.04). Waste Connections had a return on equity of 15.54% and a net margin of 6.92%. As a group, equities analysts forecast that Waste Connections, Inc. will post 5.28 earnings per share for the current year.

Waste Connections Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were issued a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date was Thursday, February 27th. Waste Connections’s payout ratio is presently 52.72%.

Waste Connections Profile

Waste Connections, Inc provides non-hazardous waste collection, transfer, disposal, and resource recovery services in the United States and Canada. It offers collection services to residential, commercial, municipal, industrial, and exploration and production (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.