Pacific Sun Financial Corp Sells 100 Shares of Waste Connections, Inc. (NYSE:WCN)

Pacific Sun Financial Corp lessened its stake in shares of Waste Connections, Inc. (NYSE:WCN) by 1.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,800 shares of the business services provider’s stock after selling 100 shares during the quarter. Pacific Sun Financial Corp’s holdings in Waste Connections were worth $1,167,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of WCN. Fifth Third Bancorp raised its stake in shares of Waste Connections by 8.8% in the fourth quarter. Fifth Third Bancorp now owns 705 shares of the business services provider’s stock valued at $121,000 after acquiring an additional 57 shares during the last quarter. Jennison Associates LLC increased its holdings in Waste Connections by 0.4% during the 4th quarter. Jennison Associates LLC now owns 14,247 shares of the business services provider’s stock valued at $2,445,000 after purchasing an additional 63 shares in the last quarter. Continuum Advisory LLC raised its position in Waste Connections by 58.0% in the 3rd quarter. Continuum Advisory LLC now owns 226 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 83 shares during the last quarter. Kingsview Wealth Management LLC boosted its stake in Waste Connections by 6.3% in the third quarter. Kingsview Wealth Management LLC now owns 1,515 shares of the business services provider’s stock worth $271,000 after purchasing an additional 90 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Waste Connections by 0.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 29,220 shares of the business services provider’s stock worth $5,014,000 after purchasing an additional 92 shares during the last quarter. 86.09% of the stock is currently owned by institutional investors.

Waste Connections Stock Up 0.0 %

Shares of NYSE:WCN opened at $187.73 on Thursday. The company has a 50 day moving average price of $179.51 and a two-hundred day moving average price of $181.87. 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 company has a market capitalization of $48.45 billion, a PE ratio of 78.55, a PEG ratio of 3.07 and a beta of 0.77. Waste Connections, Inc. has a 52 week low of $160.34 and a 52 week high of $194.83.

Waste Connections (NYSE:WCN) last released its quarterly earnings data 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 net margin of 6.92% and a return on equity of 15.54%. Analysts forecast that Waste Connections, Inc. will post 5.29 earnings per share for the current year.

Waste Connections Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on WCN shares. Citigroup upped their price target on shares of Waste Connections from $195.00 to $196.00 and gave the stock a “neutral” rating in a research report on Monday, January 13th. Morgan Stanley increased their price target 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. Oppenheimer boosted their price objective on shares of Waste Connections from $192.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. CIBC reduced their price objective on Waste Connections from $215.00 to $212.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. Finally, Royal Bank of Canada boosted their target price on Waste Connections from $199.00 to $201.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $201.00.

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.