Northern Trust Corp Has $125.80 Million Stake in Waste Connections, Inc. (NYSE:WCN)

Northern Trust Corp decreased its position in Waste Connections, Inc. (NYSE:WCNFree Report) by 11.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 842,776 shares of the business services provider’s stock after selling 111,433 shares during the quarter. Northern Trust Corp owned about 0.33% of Waste Connections worth $125,801,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cibc World Markets Corp acquired a new stake in Waste Connections during the fourth quarter worth approximately $1,071,000. Public Employees Retirement Association of Colorado grew its position in Waste Connections by 113.0% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,188,703 shares of the business services provider’s stock worth $177,438,000 after buying an additional 630,685 shares in the last quarter. 1832 Asset Management L.P. grew its position in Waste Connections by 7.3% during the fourth quarter. 1832 Asset Management L.P. now owns 4,104,003 shares of the business services provider’s stock worth $612,605,000 after buying an additional 280,275 shares in the last quarter. Optiver Holding B.V. acquired a new stake in Waste Connections during the fourth quarter worth approximately $76,000. Finally, Burgundy Asset Management Ltd. acquired a new stake in Waste Connections during the fourth quarter worth approximately $35,342,000. Institutional investors and hedge funds own 86.09% of the company’s stock.

Waste Connections Stock Up 1.3 %

Shares of WCN opened at $167.76 on Tuesday. Waste Connections, Inc. has a 52 week low of $126.12 and a 52 week high of $173.02. The stock has a market capitalization of $43.29 billion, a price-to-earnings ratio of 54.47, a PEG ratio of 2.64 and a beta of 0.70. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a fifty day moving average of $165.70 and a 200-day moving average of $159.20.

Waste Connections (NYSE:WCNGet Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The business services provider reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.02. Waste Connections had a return on equity of 14.66% and a net margin of 9.70%. The company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same period in the prior year, the company earned $0.89 EPS. Waste Connections’s revenue was up 9.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Waste Connections, Inc. will post 4.85 earnings per share for the current fiscal year.

Waste Connections Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Wednesday, May 8th were given a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 0.68%. The ex-dividend date was Tuesday, May 7th. Waste Connections’s dividend payout ratio is currently 37.01%.

Insider Buying and Selling

In related news, SVP Robert Nielsen III sold 2,000 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $166.00, for a total transaction of $332,000.00. Following the completion of the transaction, the senior vice president now directly owns 6,321 shares of the company’s stock, valued at approximately $1,049,286. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP Robert Nielsen III sold 2,000 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $166.00, for a total transaction of $332,000.00. Following the completion of the transaction, the senior vice president now directly owns 6,321 shares of the company’s stock, valued at approximately $1,049,286. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael W. Harlan sold 1,500 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $167.59, for a total value of $251,385.00. Following the transaction, the director now directly owns 8,004 shares of the company’s stock, valued at $1,341,390.36. The disclosure for this sale can be found here. 0.31% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on WCN shares. Atb Cap Markets downgraded Waste Connections from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, February 14th. Oppenheimer increased their price target on Waste Connections from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Monday, March 18th. Deutsche Bank Aktiengesellschaft assumed coverage on Waste Connections in a research note on Thursday, May 23rd. They set a “buy” rating and a $189.00 target price for the company. Wells Fargo & Company upped their target price on Waste Connections from $170.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. Finally, StockNews.com upgraded Waste Connections from a “hold” rating to a “buy” rating in a research note on Saturday, May 18th. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $179.94.

Get Our Latest Analysis on WCN

About Waste Connections

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for Waste Connections (NYSE:WCN)

Receive News & Ratings for Waste Connections Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waste Connections and related companies with MarketBeat.com's FREE daily email newsletter.