M&T Bank Corp Has $5.22 Million Stock Holdings in Waste Connections, Inc. (NYSE:WCN)

M&T Bank Corp lessened its holdings in shares of Waste Connections, Inc. (NYSE:WCN) by 6.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 34,984 shares of the business services provider’s stock after selling 2,533 shares during the period. M&T Bank Corp’s holdings in Waste Connections were worth $5,223,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of WCN. Pacifica Partners Inc. acquired a new stake in Waste Connections during the 4th quarter worth $25,000. Headinvest LLC acquired a new stake in Waste Connections during the 3rd quarter worth $36,000. Operose Advisors LLC acquired a new stake in Waste Connections during the 3rd quarter worth $40,000. Rational Advisors LLC acquired a new stake in Waste Connections during the 3rd quarter worth $41,000. Finally, GAMMA Investing LLC acquired a new stake in Waste Connections during the 4th quarter worth $61,000. Institutional investors and hedge funds own 86.09% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on WCN. Stifel Nicolaus boosted their price target on shares of Waste Connections from $175.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Citigroup boosted their price target on shares of Waste Connections from $136.00 to $163.00 and gave the company a “neutral” rating in a report on Thursday, January 18th. Jefferies Financial Group upped their target price on shares of Waste Connections from $195.00 to $217.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Oppenheimer boosted their price target on shares of Waste Connections from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Monday, March 18th. Finally, StockNews.com cut shares of Waste Connections from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Waste Connections presently has an average rating of “Moderate Buy” and a consensus target price of $179.33.

Waste Connections Stock Performance

Shares of NYSE:WCN opened at $166.58 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.00. The firm has a market cap of $42.98 billion, a PE ratio of 54.08, a PEG ratio of 2.67 and a beta of 0.67. The company’s 50 day moving average price is $167.62 and its two-hundred day moving average price is $153.40. Waste Connections, Inc. has a 12-month low of $126.12 and a 12-month high of $173.02.

Waste Connections (NYSE:WCN) last posted its quarterly earnings results on Wednesday, April 24th. The business services provider reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.02. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.05 billion. Waste Connections had a net margin of 9.70% and a return on equity of 14.66%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the business posted $0.89 EPS. Equities research analysts predict that Waste Connections, Inc. will post 4.81 earnings per share for the current year.

Waste Connections Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Wednesday, May 8th will be given a dividend of $0.285 per share. The ex-dividend date is Tuesday, May 7th. This represents a $1.14 annualized dividend and a dividend yield of 0.68%. Waste Connections’s dividend payout ratio is 37.01%.

Insider Activity at Waste Connections

In related news, Director Andrea E. Bertone sold 902 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $169.17, for a total value of $152,591.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.31% of the stock is owned by insiders.

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.