Lmcg Investments LLC Sells 3,350 Shares of Waste Connections, Inc. (NYSE:WCN)

Lmcg Investments LLC trimmed its holdings in Waste Connections, Inc. (NYSE:WCN) by 4.0% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 79,613 shares of the business services provider’s stock after selling 3,350 shares during the quarter. Lmcg Investments LLC’s holdings in Waste Connections were worth $13,660,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Global Trust Asset Management LLC purchased a new stake in shares of Waste Connections during the 3rd quarter valued at about $36,000. FSA Wealth Management LLC bought a new position in Waste Connections during the third quarter valued at approximately $40,000. Asset Dedication LLC purchased a new stake in Waste Connections in the third quarter worth approximately $41,000. Continuum Advisory LLC grew 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 worth $42,000 after purchasing an additional 83 shares during the period. Finally, Kennebec Savings Bank purchased a new stake in Waste Connections during the 3rd quarter valued at $47,000. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Waste Connections Trading Up 0.2 %

Shares of Waste Connections stock opened at $178.45 on Tuesday. The company has a market capitalization of $46.05 billion, a P/E ratio of 49.03, a P/E/G ratio of 2.66 and a beta of 0.76. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.77 and a current ratio of 0.77. The company has a fifty day moving average of $181.10 and a 200 day moving average of $180.85. Waste Connections, Inc. has a fifty-two week low of $146.51 and a fifty-two week high of $194.83.

Waste Connections (NYSE:WCN) last posted its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.05. Waste Connections had a return on equity of 15.43% and a net margin of 10.81%. The company had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.30 billion. During the same period in the previous year, the firm earned $1.17 EPS. The firm’s revenue was up 13.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Waste Connections, Inc. will post 4.84 earnings per share for the current fiscal year.

Waste Connections Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were given a $0.315 dividend. This represents a $1.26 annualized dividend and a yield of 0.71%. The ex-dividend date was Thursday, November 7th. This is a boost from Waste Connections’s previous quarterly dividend of $0.29. Waste Connections’s payout ratio is currently 34.62%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Citigroup raised their price target on Waste Connections from $195.00 to $196.00 and gave the stock a “neutral” rating in a research note on Monday, January 13th. Morgan Stanley boosted their price target on Waste Connections from $206.00 to $214.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Royal Bank of Canada upped their price target on shares of Waste Connections from $199.00 to $201.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Eight Capital raised shares of Waste Connections to a “hold” rating in a report on Wednesday, October 9th. Finally, BMO Capital Markets cut their target price on shares of Waste Connections from $198.00 to $196.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $199.75.

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.