Central Pacific Bank Trust Division Has $152,000 Position in Waste Connections, Inc. $WCN

Central Pacific Bank Trust Division lessened its stake in Waste Connections, Inc. (NYSE:WCN) by 85.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 865 shares of the business services provider’s stock after selling 4,954 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Waste Connections were worth $152,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. RDA Financial Network grew its holdings in shares of Waste Connections by 2.8% during the 4th quarter. RDA Financial Network now owns 2,459 shares of the business services provider’s stock valued at $431,000 after acquiring an additional 67 shares in the last quarter. Union Bancaire Privee UBP SA raised its holdings in shares of Waste Connections by 28.0% during the fourth quarter. Union Bancaire Privee UBP SA now owns 14,531 shares of the business services provider’s stock worth $2,381,000 after acquiring an additional 3,177 shares in the last quarter. GAMMA Investing LLC boosted its position in Waste Connections by 6.8% during the fourth quarter. GAMMA Investing LLC now owns 5,038 shares of the business services provider’s stock valued at $883,000 after purchasing an additional 319 shares during the last quarter. Strategic Advocates LLC acquired a new stake in Waste Connections during the third quarter valued at $101,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new position in Waste Connections in the third quarter valued at about $30,000. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Waste Connections Price Performance

Shares of NYSE:WCN opened at $162.76 on Monday. The stock has a market capitalization of $41.54 billion, a P/E ratio of 39.03, a P/E/G ratio of 2.79 and a beta of 0.62. The business has a 50-day moving average of $167.13 and a two-hundred day moving average of $171.13. Waste Connections, Inc. has a fifty-two week low of $155.65 and a fifty-two week high of $201.66. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.62 and a quick ratio of 0.62.

Waste Connections (NYSE:WCN) last issued its quarterly earnings data on Wednesday, February 11th. The business services provider reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.01. Waste Connections had a return on equity of 16.25% and a net margin of 11.37%.The business had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.37 billion. During the same quarter in the prior year, the firm posted $1.16 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, equities research analysts predict that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on WCN shares. UBS Group set a $205.00 target price on Waste Connections in a research report on Monday, January 5th. Stifel Nicolaus set a $213.00 price target on Waste Connections and gave the company a “buy” rating in a report on Friday, February 13th. Oppenheimer reissued an “outperform” rating and issued a $205.00 price target (down from $206.00) on shares of Waste Connections in a research note on Friday, January 23rd. BNP Paribas Exane initiated coverage on shares of Waste Connections in a research report on Tuesday, January 6th. They set an “outperform” rating on the stock. Finally, Morgan Stanley set a $205.00 target price on shares of Waste Connections and gave the company an “overweight” rating in a research note on Friday, February 13th. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $203.52.

About Waste Connections

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.