Jump Financial LLC Cuts Stock Holdings in Waste Connections, Inc. (NYSE:WCN)

Jump Financial LLC lowered its position in Waste Connections, Inc. (NYSE:WCN) by 67.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,532 shares of the business services provider’s stock after selling 72,584 shares during the quarter. Jump Financial LLC’s holdings in Waste Connections were worth $5,925,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Manchester Capital Management LLC purchased a new position in Waste Connections in the 4th quarter worth approximately $26,000. Private Trust Co. NA increased its stake in shares of Waste Connections by 153.3% in the fourth quarter. Private Trust Co. NA now owns 152 shares of the business services provider’s stock worth $26,000 after buying an additional 92 shares during the period. Stonebridge Financial Group LLC bought a new stake in Waste Connections during the 4th quarter valued at $27,000. Aster Capital Management DIFC Ltd bought a new stake in Waste Connections during the 4th quarter valued at $28,000. Finally, Smartleaf Asset Management LLC boosted its position in Waste Connections by 59.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider’s stock valued at $33,000 after buying an additional 71 shares during the period. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on WCN shares. CIBC cut their target price on shares of Waste Connections from $215.00 to $212.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. StockNews.com downgraded Waste Connections from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Truist Financial restated a “buy” rating and issued a $210.00 target price (up previously from $200.00) on shares of Waste Connections in a research note on Friday, February 14th. Morgan Stanley upped their price target on Waste Connections from $214.00 to $219.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Finally, Scotiabank raised their price objective on Waste Connections from $192.00 to $207.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 8th. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $204.43.

Waste Connections Trading Down 0.0 %

Shares of NYSE:WCN opened at $195.70 on Wednesday. The stock’s 50-day simple moving average is $189.75 and its two-hundred day simple moving average is $183.97. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market capitalization of $50.56 billion, a price-to-earnings ratio of 81.88, a PEG ratio of 3.07 and a beta of 0.67. Waste Connections, Inc. has a 52-week low of $160.34 and a 52-week high of $201.66.

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

Waste Connections Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were given a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend was Thursday, February 27th. Waste Connections’s dividend payout ratio is currently 52.72%.

Waste Connections Profile

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.