King Luther Capital Management Corp Has $195.53 Million Holdings in Waste Connections, Inc. (NYSE:WCN)

King Luther Capital Management Corp cut its position in Waste Connections, Inc. (NYSE:WCN) by 0.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,139,590 shares of the business services provider’s stock after selling 1,608 shares during the quarter. King Luther Capital Management Corp’s holdings in Waste Connections were worth $195,531,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Versor Investments LP grew its position in Waste Connections by 75.1% in the 3rd quarter. Versor Investments LP now owns 8,221 shares of the business services provider’s stock worth $1,470,000 after purchasing an additional 3,527 shares during the last quarter. Blueshift Asset Management LLC acquired a new stake in Waste Connections in the 3rd quarter worth $552,000. Dynamic Technology Lab Private Ltd acquired a new stake in Waste Connections in the 3rd quarter worth $2,503,000. Barclays PLC lifted its holdings in shares of Waste Connections by 34.3% during the 3rd quarter. Barclays PLC now owns 303,040 shares of the business services provider’s stock worth $54,190,000 after acquiring an additional 77,466 shares during the period. Finally, Mesirow Financial Investment Management Inc. lifted its holdings in shares of Waste Connections by 65.6% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 3,034 shares of the business services provider’s stock worth $543,000 after acquiring an additional 1,202 shares during the period. 86.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on WCN. CIBC reduced their price objective on shares of Waste Connections from $215.00 to $212.00 and set an “outperform” rating for the company in a report on Thursday, December 19th. Jefferies Financial Group cut their price target on shares of Waste Connections from $225.00 to $210.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Citigroup lifted their price target on shares of Waste Connections from $195.00 to $196.00 and gave the company a “neutral” rating in a report on Monday, January 13th. Scotiabank cut their price target on shares of Waste Connections from $196.00 to $192.00 and set a “sector perform” rating for the company in a report on Monday, January 27th. Finally, Morgan Stanley lifted their price target on shares of Waste Connections from $214.00 to $219.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Waste Connections has a consensus rating of “Moderate Buy” and a consensus target price of $202.43.

Waste Connections Stock Down 1.2 %

Shares of NYSE:WCN opened at $186.16 on Tuesday. Waste Connections, Inc. has a one year low of $160.34 and a one year high of $194.83. The company has a 50 day moving average of $183.06 and a 200-day moving average of $182.55. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market cap of $48.04 billion, a price-to-earnings ratio of 77.89, a P/E/G ratio of 3.07 and a beta of 0.81.

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

Waste Connections Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 27th will be issued a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Thursday, February 27th. Waste Connections’s dividend payout ratio is currently 52.72%.

Waste Connections Company 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.