OneAscent Financial Services LLC Sells 216 Shares of Waste Connections, Inc. (NYSE:WCN)

OneAscent Financial Services LLC lowered its position in shares of Waste Connections, Inc. (NYSE:WCN) by 6.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,375 shares of the business services provider’s stock after selling 216 shares during the period. OneAscent Financial Services LLC’s holdings in Waste Connections were worth $579,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Bryce Point Capital LLC purchased a new position in shares of Waste Connections during the 4th quarter valued at $558,000. Groupama Asset Managment raised its holdings in Waste Connections by 51.9% during the fourth quarter. Groupama Asset Managment now owns 30,936 shares of the business services provider’s stock valued at $5,295,000 after acquiring an additional 10,566 shares during the period. Headlands Technologies LLC lifted its position in shares of Waste Connections by 94.2% in the fourth quarter. Headlands Technologies LLC now owns 31,289 shares of the business services provider’s stock valued at $5,369,000 after acquiring an additional 15,179 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Waste Connections by 239.9% in the fourth quarter. Geode Capital Management LLC now owns 647,727 shares of the business services provider’s stock worth $115,558,000 after acquiring an additional 457,137 shares during the period. Finally, HighPoint Advisor Group LLC grew its position in shares of Waste Connections by 22.3% during the fourth quarter. HighPoint Advisor Group LLC now owns 2,703 shares of the business services provider’s stock worth $513,000 after purchasing an additional 492 shares in the last quarter. 86.09% of the stock is currently owned by institutional investors.

Waste Connections Stock Performance

NYSE:WCN opened at $196.75 on Thursday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.65 and a current ratio of 0.65. The stock’s fifty day moving average is $188.19 and its 200 day moving average is $183.13. The firm has a market capitalization of $50.83 billion, a PE ratio of 82.32, a PEG ratio of 3.07 and a beta of 0.81. Waste Connections, Inc. has a fifty-two week low of $160.34 and a fifty-two week high of $197.74.

Waste Connections (NYSE:WCN) last announced its earnings results on Wednesday, February 12th. The business services provider reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.04). Waste Connections had a net margin of 6.92% and a return on equity of 15.54%. On average, sell-side analysts anticipate 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. Stockholders of record on Thursday, February 27th were paid a dividend of $0.315 per share. The ex-dividend date was Thursday, February 27th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.64%. Waste Connections’s dividend payout ratio is 52.72%.

Analysts Set New Price Targets

WCN has been the subject of several recent analyst reports. Scotiabank dropped their price target on Waste Connections from $196.00 to $192.00 and set a “sector perform” rating for the company in a research note on Monday, January 27th. Jefferies Financial Group cut their target price on shares of Waste Connections from $225.00 to $210.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. StockNews.com cut shares of Waste Connections from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Stifel Nicolaus raised their price objective on Waste Connections from $205.00 to $212.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, Citigroup boosted their target price on Waste Connections from $199.00 to $218.00 and gave the stock a “neutral” rating in a research report on Wednesday. Four investment 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $204.00.

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.