Waste Connections, Inc. (NYSE:WCN) Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp decreased its position in shares of Waste Connections, Inc. (NYSE:WCN) by 0.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,139,590 shares of the business services provider’s stock after selling 1,608 shares during the period. King Luther Capital Management Corp owned about 0.44% of Waste Connections worth $195,531,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Private Trust Co. NA increased its stake in Waste Connections by 153.3% during the 4th quarter. Private Trust Co. NA now owns 152 shares of the business services provider’s stock worth $26,000 after buying an additional 92 shares during the period. Manchester Capital Management LLC purchased a new stake in Waste Connections during the 4th quarter worth $26,000. Stonebridge Financial Group LLC purchased a new stake in Waste Connections during the 4th quarter worth $27,000. Smartleaf Asset Management LLC increased its stake in Waste Connections by 59.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider’s stock worth $33,000 after buying an additional 71 shares during the period. Finally, FSA Wealth Management LLC purchased a new stake in Waste Connections during the 3rd quarter worth $40,000. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on WCN shares. Stifel Nicolaus boosted their target price on shares of Waste Connections from $205.00 to $212.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. StockNews.com lowered shares of Waste Connections from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Scotiabank reduced their target price on shares of 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. Citigroup boosted their target price on shares of Waste Connections from $195.00 to $196.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. Finally, Morgan Stanley boosted their target price on shares of Waste Connections from $214.00 to $219.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Four 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $202.43.

Waste Connections Stock Down 1.2 %

NYSE WCN opened at $186.16 on Tuesday. Waste Connections, Inc. has a 12 month low of $160.34 and a 12 month high of $194.83. The company’s 50 day simple moving average is $183.06 and its 200 day simple moving average is $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 company has a market capitalization of $48.04 billion, a P/E ratio of 77.89, a PEG ratio of 3.07 and a beta of 0.81.

Waste Connections (NYSE:WCN) last released its quarterly earnings data 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%. Equities research analysts expect that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be given a $0.315 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $1.26 dividend on an annualized basis and a yield of 0.68%. Waste Connections’s payout ratio is 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.