Savant Capital LLC Has $423,000 Stock Holdings in Waste Connections, Inc. (NYSE:WCN)

Savant Capital LLC trimmed its holdings in Waste Connections, Inc. (NYSE:WCN) by 5.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,464 shares of the business services provider’s stock after selling 149 shares during the period. Savant Capital LLC’s holdings in Waste Connections were worth $423,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Fifth Third Bancorp lifted its position in shares of Waste Connections by 8.8% in the fourth quarter. Fifth Third Bancorp now owns 705 shares of the business services provider’s stock valued at $121,000 after buying an additional 57 shares during the last quarter. Jennison Associates LLC lifted its position in shares of Waste Connections by 0.4% in the fourth quarter. Jennison Associates LLC now owns 14,247 shares of the business services provider’s stock valued at $2,445,000 after buying an additional 63 shares during the last quarter. Continuum Advisory LLC lifted its position in shares of Waste Connections by 58.0% in the third quarter. Continuum Advisory LLC now owns 226 shares of the business services provider’s stock valued at $42,000 after buying an additional 83 shares during the last quarter. Kingsview Wealth Management LLC lifted its position in shares of Waste Connections by 6.3% in the third quarter. Kingsview Wealth Management LLC now owns 1,515 shares of the business services provider’s stock valued at $271,000 after buying an additional 90 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Waste Connections by 0.3% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 29,220 shares of the business services provider’s stock valued at $5,014,000 after buying an additional 92 shares during the last quarter. 86.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Stifel Nicolaus raised their price objective on Waste Connections from $205.00 to $212.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Truist Financial reaffirmed a “buy” rating and issued a $210.00 price objective (up from $200.00) on shares of Waste Connections in a research report on Friday. Morgan Stanley increased their target price on Waste Connections from $214.00 to $219.00 and gave the stock an “overweight” rating in a research note on Friday. Citigroup increased their target price on Waste Connections from $195.00 to $196.00 and gave the stock a “neutral” rating in a research note on Monday, January 13th. Finally, Scotiabank lowered their target price on Waste Connections from $196.00 to $192.00 and set a “sector perform” rating on the stock in a research note on Monday, January 27th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $201.00.

Waste Connections Price Performance

Waste Connections stock opened at $189.08 on Monday. The stock’s fifty day moving average price is $179.36 and its two-hundred day moving average price is $181.67. Waste Connections, Inc. has a one year low of $160.34 and a one year high of $194.83. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a market cap of $48.80 billion, a PE ratio of 51.94, a price-to-earnings-growth ratio of 2.97 and a beta of 0.77.

Waste Connections (NYSE:WCN) last posted its quarterly earnings data 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 15.43% and a net margin of 10.81%. As a group, research analysts expect that Waste Connections, Inc. will post 4.83 EPS for the current fiscal year.

Waste Connections Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be issued a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Thursday, February 27th. Waste Connections’s dividend payout ratio is presently 34.62%.

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.