Fulton Breakefield Broenniman LLC Has $10.40 Million Stake in Waste Connections, Inc. $WCN

Fulton Breakefield Broenniman LLC decreased its stake in Waste Connections, Inc. (NYSE:WCN) by 7.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,329 shares of the business services provider’s stock after selling 4,853 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in Waste Connections were worth $10,404,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. CIBC Asset Management Inc boosted its stake in Waste Connections by 55.7% in the 3rd quarter. CIBC Asset Management Inc now owns 1,991,112 shares of the business services provider’s stock valued at $350,603,000 after buying an additional 711,990 shares in the last quarter. Cidel Asset Management Inc. boosted its stake in Waste Connections by 19.5% in the third quarter. Cidel Asset Management Inc. now owns 163,675 shares of the business services provider’s stock worth $28,780,000 after purchasing an additional 26,684 shares in the last quarter. Fisher Funds Management LTD boosted its stake in Waste Connections by 51.2% in the third quarter. Fisher Funds Management LTD now owns 88,336 shares of the business services provider’s stock worth $15,529,000 after purchasing an additional 29,925 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in Waste Connections by 770.4% in the third quarter. Thrivent Financial for Lutherans now owns 57,519 shares of the business services provider’s stock worth $10,112,000 after purchasing an additional 50,911 shares in the last quarter. Finally, National Pension Service boosted its stake in Waste Connections by 2.3% in the third quarter. National Pension Service now owns 385,446 shares of the business services provider’s stock worth $67,761,000 after purchasing an additional 8,725 shares in the last quarter. Institutional investors and hedge funds own 86.09% of the company’s stock.

Waste Connections Trading Down 0.4%

Shares of WCN opened at $165.46 on Tuesday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.07. Waste Connections, Inc. has a 12-month low of $154.90 and a 12-month high of $199.78. The firm has a market capitalization of $42.23 billion, a PE ratio of 39.68, a price-to-earnings-growth ratio of 2.85 and a beta of 0.61. The stock’s fifty day simple moving average is $165.85 and its 200-day simple moving average is $169.93.

Waste Connections (NYSE:WCN) last issued its quarterly earnings results on Wednesday, February 11th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate 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 earnings per share. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, research analysts predict that Waste Connections, Inc. will post 5.28 earnings per share for the current year.

Waste Connections Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Wednesday, February 25th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, February 25th. Waste Connections’s dividend payout ratio is 33.57%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. BNP Paribas Exane assumed coverage on Waste Connections in a research note on Tuesday, January 6th. They issued an “outperform” rating on the stock. Wolfe Research assumed coverage on Waste Connections in a research note on Friday, March 13th. They issued an “outperform” rating and a $199.00 price objective on the stock. Canadian Imperial Bank of Commerce set a $208.00 price objective on Waste Connections in a research note on Thursday, January 8th. Stifel Nicolaus set a $213.00 price objective on Waste Connections and gave the stock a “buy” rating in a research note on Friday, February 13th. Finally, UBS Group set a $205.00 price objective on Waste Connections in a research note on Monday, January 5th. Four equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $203.52.

Waste Connections 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.