Waste Connections, Inc. (NYSE:WCN) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd decreased its position in shares of Waste Connections, Inc. (NYSE:WCN) by 52.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,588 shares of the business services provider’s stock after selling 7,412 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Waste Connections were worth $1,130,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Waste Connections by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 29,293,002 shares of the business services provider’s stock valued at $5,025,836,000 after acquiring an additional 174,121 shares during the period. Norges Bank acquired a new position in Waste Connections during the fourth quarter valued at $687,935,000. Wellington Management Group LLP boosted its holdings in Waste Connections by 8.5% in the fourth quarter. Wellington Management Group LLP now owns 3,983,165 shares of the business services provider’s stock valued at $683,430,000 after purchasing an additional 310,449 shares during the last quarter. TD Asset Management Inc. grew its position in Waste Connections by 1.8% during the 4th quarter. TD Asset Management Inc. now owns 3,698,507 shares of the business services provider’s stock worth $634,200,000 after purchasing an additional 65,795 shares during the period. Finally, Alphinity Investment Management Pty Ltd raised its stake in shares of Waste Connections by 0.9% during the 4th quarter. Alphinity Investment Management Pty Ltd now owns 3,332,826 shares of the business services provider’s stock valued at $571,846,000 after buying an additional 29,542 shares during the last quarter. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Waste Connections Stock Down 5.9 %

Shares of NYSE:WCN opened at $188.07 on Friday. Waste Connections, Inc. has a 52-week low of $160.34 and a 52-week high of $201.66. The stock has a market cap of $48.59 billion, a P/E ratio of 78.69, a PEG ratio of 3.07 and a beta of 0.67. The business has a fifty day moving average of $188.80 and a two-hundred day moving average of $183.27. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.03.

Waste Connections (NYSE:WCN) last released its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.16 earnings per share (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, research analysts expect that Waste Connections, Inc. will post 5.28 earnings per share for the current year.

Waste Connections Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were issued a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date was Thursday, February 27th. Waste Connections’s dividend payout ratio is presently 52.72%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Scotiabank lowered their target price on Waste Connections from $196.00 to $192.00 and set a “sector perform” rating on the stock in a research note on Monday, January 27th. Stifel Nicolaus increased their price target on shares of Waste Connections from $205.00 to $212.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Citigroup increased their price target on Waste Connections from $199.00 to $218.00 and gave the stock a “neutral” rating in a research report on Wednesday. Jefferies Financial Group cut their price objective on Waste Connections from $225.00 to $210.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Finally, StockNews.com lowered Waste Connections from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Waste Connections currently has an average rating of “Moderate Buy” and a consensus target price of $204.00.

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.