Crossmark Global Holdings Inc. Has $1.90 Million Stake in Waste Connections, Inc. $WCN

Crossmark Global Holdings Inc. cut its stake in shares of Waste Connections, Inc. (NYSE:WCN) by 34.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,837 shares of the business services provider’s stock after selling 5,585 shares during the period. Crossmark Global Holdings Inc.’s holdings in Waste Connections were worth $1,900,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. City Holding Co. purchased a new stake in shares of Waste Connections during the 4th quarter valued at $26,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Waste Connections during the 3rd quarter valued at $26,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Waste Connections during the 3rd quarter valued at $30,000. Greykasell Wealth Strategies Inc. grew its position in shares of Waste Connections by 555.2% in the third quarter. Greykasell Wealth Strategies Inc. now owns 190 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 161 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Waste Connections during the 4th quarter worth about $52,000. Institutional investors own 86.09% of the company’s stock.

Waste Connections Price Performance

WCN stock opened at $151.30 on Wednesday. Waste Connections, Inc. has a 1 year low of $150.25 and a 1 year high of $198.00. The company has a market cap of $38.62 billion, a P/E ratio of 36.90, a PEG ratio of 2.68 and a beta of 0.55. The firm has a 50-day moving average of $162.59 and a 200 day moving average of $167.68. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.69 and a quick ratio of 0.69.

Waste Connections (NYSE:WCN) last released its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.04. The company had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.50 billion. Waste Connections had a net margin of 10.97% and a return on equity of 16.49%. Waste Connections’s revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.13 earnings per share. On average, sell-side analysts forecast that Waste Connections, Inc. will post 5.5 EPS for the current year.

Waste Connections Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 21st. Shareholders of record on Wednesday, May 6th will be paid a dividend of $0.35 per share. The ex-dividend date is Wednesday, May 6th. This represents a $1.40 dividend on an annualized basis and a yield of 0.9%. Waste Connections’s payout ratio is presently 34.15%.

Insider Buying and Selling at Waste Connections

In other Waste Connections news, SVP Eric Hansen sold 6,000 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $164.82, for a total transaction of $988,920.00. Following the completion of the sale, the senior vice president directly owned 13,350 shares in the company, valued at approximately $2,200,347. This trade represents a 31.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP James Little sold 2,605 shares of the firm’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $163.98, for a total transaction of $427,167.90. Following the sale, the vice president owned 34,395 shares of the company’s stock, valued at approximately $5,640,092.10. This represents a 7.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on WCN shares. Weiss Ratings upgraded Waste Connections from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Citigroup reiterated a “neutral” rating and set a $183.00 price target (down from $196.00) on shares of Waste Connections in a research report on Friday, January 16th. BMO Capital Markets reiterated an “outperform” rating and issued a $208.00 price objective (up from $206.00) on shares of Waste Connections in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft set a $212.00 target price on Waste Connections in a research note on Friday, February 13th. Finally, JPMorgan Chase & Co. lifted their price objective on Waste Connections from $195.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Four investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $203.35.

Waste Connections Company Profile

Waste Connections (NYSE: WCN) is a North American integrated waste services company that provides a range of solid waste and environmental services to municipal, commercial, industrial and residential customers. The company offers collection, transportation, transfer, disposal and recycling services, and operates an extensive network of transfer stations and disposal facilities. Waste Connections positions itself as a provider of infrastructure-driven waste solutions across many regions of the United States and Canada.

The company’s operating activities include routine curbside and commercial collection, roll-off and container services, operation of landfills and transfer stations, and recycling and resource recovery programs.