Zurcher Kantonalbank Zurich Cantonalbank Sells 20,724 Shares of Waste Connections, Inc. $WCN

Zurcher Kantonalbank Zurich Cantonalbank decreased its stake in Waste Connections, Inc. (NYSE:WCN) by 12.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 151,227 shares of the business services provider’s stock after selling 20,724 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Waste Connections were worth $26,557,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in WCN. City Holding Co. bought a new position in shares of Waste Connections in the 4th quarter worth $26,000. Measured Wealth Private Client Group LLC bought a new position in shares of Waste Connections during the 3rd quarter valued at $26,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of Waste Connections during the 3rd quarter valued at $30,000. Greykasell Wealth Strategies Inc. grew its holdings in shares of Waste Connections by 555.2% during the 3rd 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 during the last quarter. Finally, Valley National Advisers Inc. grew its holdings in shares of Waste Connections by 121.9% during the 4th quarter. Valley National Advisers Inc. now owns 304 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 167 shares during the last quarter. Institutional investors own 86.09% of the company’s stock.

Waste Connections Trading Down 1.2%

NYSE:WCN opened at $157.94 on Wednesday. Waste Connections, Inc. has a one year low of $154.90 and a one year high of $199.78. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.62 and a quick ratio of 0.62. The company’s 50-day simple moving average is $164.12 and its 200 day simple moving average is $168.98. The firm has a market capitalization of $40.31 billion, a P/E ratio of 37.87, a PEG ratio of 2.83 and a beta of 0.61.

Waste Connections (NYSE:WCN) last issued its earnings results on Wednesday, February 11th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.01. The business had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.37 billion. Waste Connections had a net margin of 11.37% and a return on equity of 16.25%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.16 earnings per share. As a group, analysts forecast that Waste Connections, Inc. will post 5.48 EPS for the current fiscal year.

Waste Connections Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Wednesday, February 25th were issued a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $1.40 annualized dividend and a yield of 0.9%. Waste Connections’s payout ratio is 33.57%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. UBS Group set a $205.00 price objective on shares of Waste Connections in a research report on Monday, January 5th. TD Cowen decreased their price objective on shares of Waste Connections from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Deutsche Bank Aktiengesellschaft set a $212.00 price objective on shares of Waste Connections in a research report on Friday, February 13th. BNP Paribas Exane assumed coverage on shares of Waste Connections in a research report on Tuesday, January 6th. They issued an “outperform” rating on the stock. Finally, Oppenheimer restated an “outperform” rating and issued a $205.00 price objective (down from $206.00) on shares of Waste Connections in a research report on Friday, January 23rd. Four research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Waste Connections has an average rating of “Buy” and an average price target of $202.81.

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.