Segall Bryant & Hamill LLC lowered its stake in shares of Waste Connections Inc (NYSE:WCN) by 22.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,170 shares of the business services provider’s stock after selling 12,281 shares during the period. Segall Bryant & Hamill LLC’s holdings in Waste Connections were worth $3,063,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Advisors Asset Management Inc. purchased a new stake in shares of Waste Connections during the 3rd quarter worth approximately $103,000. Cerebellum GP LLC purchased a new stake in shares of Waste Connections during the 4th quarter worth approximately $125,000. SG Americas Securities LLC purchased a new stake in shares of Waste Connections during the 4th quarter worth approximately $194,000. Timber Hill LLC purchased a new stake in shares of Waste Connections during the 4th quarter worth approximately $206,000. Finally, Advisor Partners LLC purchased a new stake in shares of Waste Connections during the 4th quarter worth approximately $216,000. Institutional investors own 84.21% of the company’s stock.
WCN stock opened at $71.11 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.63. Waste Connections Inc has a fifty-two week low of $56.81 and a fifty-two week high of $74.59. The company has a market cap of $19,026.11, a price-to-earnings ratio of 33.36, a price-to-earnings-growth ratio of 2.65 and a beta of 0.19.
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 14th. Shareholders of record on Wednesday, February 28th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.79%. The ex-dividend date was Tuesday, February 27th. Waste Connections’s payout ratio is 25.65%.
In other Waste Connections news, VP David Eddie sold 6,071 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $71.06, for a total value of $431,405.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James Little sold 5,000 shares of the firm’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $70.49, for a total transaction of $352,450.00. Following the completion of the transaction, the insider now directly owns 25,709 shares of the company’s stock, valued at $1,812,227.41. The disclosure for this sale can be found here. Over the last three months, insiders sold 67,571 shares of company stock valued at $4,911,600. Insiders own 0.68% of the company’s stock.
Several equities research analysts have recently issued reports on WCN shares. BMO Capital Markets initiated coverage on shares of Waste Connections in a research note on Monday, December 11th. They set an “outperform” rating and a $79.00 price target for the company. Bank of America initiated coverage on shares of Waste Connections in a research note on Friday, December 22nd. They issued a “buy” rating and a $80.00 price objective for the company. Zacks Investment Research lowered shares of Waste Connections from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. Stifel Nicolaus reiterated a “buy” rating and issued a $85.00 price objective on shares of Waste Connections in a research note on Thursday, January 4th. Finally, Credit Suisse Group set a $80.00 price objective on shares of Waste Connections and gave the company a “buy” rating in a research note on Friday, February 16th. Three 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 stock. Waste Connections currently has an average rating of “Buy” and an average target price of $79.21.
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Waste Connections Company Profile
Waste Connections, Inc is a solid waste services company in North America. The Company provides waste collection, transfer, disposal and recycling services in markets in the United States and Canada. The Company operates through six segments: Southern segment, Western segment, Eastern segment, Canada segment, Central segment and E&P segment.
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