Segall Bryant & Hamill LLC Grows Stock Position in Waste Connections, Inc. (NYSE:WCN)

Segall Bryant & Hamill LLC boosted its holdings in Waste Connections, Inc. (NYSE:WCN) by 8.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 64,762 shares of the business services provider’s stock after acquiring an additional 5,149 shares during the period. Segall Bryant & Hamill LLC’s holdings in Waste Connections were worth $11,112,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its position in shares of Waste Connections by 307.1% in the third quarter. Principal Financial Group Inc. now owns 1,927,155 shares of the business services provider’s stock valued at $344,615,000 after purchasing an additional 1,453,733 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Waste Connections by 4.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 564,335 shares of the business services provider’s stock valued at $100,983,000 after buying an additional 22,500 shares in the last quarter. Citigroup Inc. grew its holdings in Waste Connections by 10.9% during the 3rd quarter. Citigroup Inc. now owns 123,896 shares of the business services provider’s stock valued at $22,171,000 after buying an additional 12,187 shares during the last quarter. Cerity Partners LLC increased its position in Waste Connections by 86.7% during the third quarter. Cerity Partners LLC now owns 10,932 shares of the business services provider’s stock worth $1,955,000 after buying an additional 5,078 shares in the last quarter. Finally, Kingsview Wealth Management LLC raised its holdings 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 worth $271,000 after acquiring an additional 90 shares during the last quarter. 86.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WCN has been the topic of a number of analyst reports. Jefferies Financial Group decreased their price objective on Waste Connections from $225.00 to $210.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. StockNews.com cut shares of Waste Connections from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Stifel Nicolaus boosted their price objective on shares of Waste Connections from $205.00 to $212.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Morgan Stanley raised their target price on shares of Waste Connections from $214.00 to $219.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Finally, Oppenheimer boosted their price target on Waste Connections from $192.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Waste Connections currently has a consensus rating of “Moderate Buy” and a consensus target price of $202.43.

Waste Connections Stock Performance

Shares of NYSE:WCN opened at $193.07 on Wednesday. The firm has a market capitalization of $49.83 billion, a PE ratio of 80.78, a P/E/G ratio of 3.07 and a beta of 0.81. Waste Connections, Inc. has a 12 month low of $160.34 and a 12 month high of $194.83. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.65 and a quick ratio of 0.65. The business has a 50-day moving average of $186.24 and a two-hundred day moving average of $182.72.

Waste Connections (NYSE:WCN) last posted its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.16 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.04). Waste Connections had a net margin of 6.92% and a return on equity of 15.54%. As a group, research analysts forecast that Waste Connections, Inc. will post 5.28 earnings per share for the current year.

Waste Connections Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were issued a dividend of $0.315 per share. The ex-dividend date was Thursday, February 27th. This represents a $1.26 annualized dividend and a dividend yield of 0.65%. Waste Connections’s payout ratio is 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.