Thoroughbred Financial Services LLC Has $736,000 Position in Waste Connections, Inc. (NYSE:WCN)

Thoroughbred Financial Services LLC trimmed its holdings in shares of Waste Connections, Inc. (NYSE:WCN) by 18.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,292 shares of the business services provider’s stock after selling 988 shares during the period. Thoroughbred Financial Services LLC’s holdings in Waste Connections were worth $736,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Waste Connections by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 29,293,002 shares of the business services provider’s stock worth $5,025,836,000 after acquiring an additional 174,121 shares in the last quarter. Norges Bank bought a new stake in shares of Waste Connections during the 4th quarter worth approximately $687,935,000. Wellington Management Group LLP boosted its holdings in shares of Waste Connections by 8.5% in the 4th quarter. Wellington Management Group LLP now owns 3,983,165 shares of the business services provider’s stock valued at $683,430,000 after buying an additional 310,449 shares during the last quarter. TD Asset Management Inc. grew its stake in shares of Waste Connections by 1.8% in the fourth quarter. TD Asset Management Inc. now owns 3,698,507 shares of the business services provider’s stock valued at $634,200,000 after buying an additional 65,795 shares in the last quarter. Finally, Alphinity Investment Management Pty Ltd increased its holdings in Waste Connections by 0.9% during the fourth quarter. Alphinity Investment Management Pty Ltd now owns 3,332,826 shares of the business services provider’s stock worth $571,846,000 after buying an additional 29,542 shares during the last quarter. Institutional investors own 86.09% of the company’s stock.

Analysts Set New Price Targets

WCN has been the subject of a number of recent analyst reports. Oppenheimer increased their price target on shares of Waste Connections from $192.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. William Blair assumed coverage on shares of Waste Connections in a research note on Thursday. They issued an “outperform” rating for the company. CIBC lowered their price target on Waste Connections from $215.00 to $212.00 and set an “outperform” rating on the stock in a research report on Thursday, December 19th. Citigroup upped their price objective on Waste Connections from $199.00 to $218.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Jefferies Financial Group reduced their target price on Waste Connections from $225.00 to $210.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Waste Connections has an average rating of “Moderate Buy” and a consensus target price of $204.00.

Waste Connections Stock Down 5.9 %

WCN opened at $188.07 on Friday. The stock has a fifty day moving average of $188.80 and a 200-day moving average of $183.27. The company has a market capitalization of $48.59 billion, a P/E ratio of 78.69, a P/E/G ratio of 3.07 and a beta of 0.67. Waste Connections, Inc. has a fifty-two week low of $160.34 and a fifty-two week high of $201.66. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.65 and a current ratio of 0.65.

Waste Connections (NYSE:WCN) last released its quarterly earnings results 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 return on equity of 15.54% and a net margin of 6.92%. On average, equities analysts expect that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were paid a $0.315 dividend. This represents a $1.26 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Thursday, February 27th. Waste Connections’s dividend payout ratio (DPR) is currently 52.72%.

About Waste Connections

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.