FIL Ltd lowered its holdings in Waste Connections Inc (NYSE:WCN) by 4.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,649,696 shares of the business services provider’s stock after selling 182,681 shares during the period. FIL Ltd’s holdings in Waste Connections were worth $290,925,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in WCN. Twin Tree Management LP lifted its stake in shares of Waste Connections by 120.9% during the third quarter. Twin Tree Management LP now owns 13,014 shares of the business services provider’s stock worth $1,038,000 after purchasing an additional 7,122 shares in the last quarter. Hillsdale Investment Management Inc. lifted its stake in shares of Waste Connections by 65.4% during the third quarter. Hillsdale Investment Management Inc. now owns 45,579 shares of the business services provider’s stock worth $3,634,000 after purchasing an additional 18,015 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Waste Connections by 17.7% during the third quarter. Bank of New York Mellon Corp now owns 397,551 shares of the business services provider’s stock worth $31,713,000 after purchasing an additional 59,866 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in shares of Waste Connections by 21.5% during the third quarter. Crossmark Global Holdings Inc. now owns 49,312 shares of the business services provider’s stock worth $3,934,000 after purchasing an additional 8,723 shares in the last quarter. Finally, Eagle Asset Management Inc. lifted its stake in shares of Waste Connections by 6.4% during the third quarter. Eagle Asset Management Inc. now owns 2,219,359 shares of the business services provider’s stock worth $177,038,000 after purchasing an additional 132,980 shares in the last quarter. 81.41% of the stock is owned by institutional investors and hedge funds.

In related news, COO Darrell W. Chambliss sold 6,485 shares of the business’s stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $80.00, for a total value of $518,800.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Michael W. Harlan sold 11,900 shares of the business’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $79.30, for a total value of $943,670.00. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

A number of research analysts have commented on the company. Zacks Investment Research cut Waste Connections from a “buy” rating to a “hold” rating in a research note on Thursday, October 25th. Citigroup boosted their price objective on Waste Connections from $80.00 to $86.00 and gave the stock an “outperform” rating in a research note on Thursday, July 26th. Royal Bank of Canada boosted their price objective on Waste Connections from $84.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 31st. Oppenheimer set a $87.00 price objective on Waste Connections and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Finally, UBS Group set a $90.00 price objective on Waste Connections and gave the stock a “buy” rating in a research note on Wednesday, October 31st. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Waste Connections presently has a consensus rating of “Buy” and a consensus target price of $84.90.

NYSE:WCN opened at $75.09 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 1.25. Waste Connections Inc has a one year low of $65.06 and a one year high of $81.36. The stock has a market capitalization of $20.19 billion, a P/E ratio of 31.68, a price-to-earnings-growth ratio of 2.61 and a beta of 0.11.

Waste Connections (NYSE:WCN) last released its quarterly earnings results on Monday, October 29th. The business services provider reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.01. Waste Connections had a return on equity of 10.07% and a net margin of 15.14%. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the firm posted $0.60 earnings per share. The company’s revenue was up 6.2% compared to the same quarter last year. As a group, equities research analysts predict that Waste Connections Inc will post 2.51 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 27th. Investors of record on Tuesday, November 13th will be paid a $0.16 dividend. This is a boost from Waste Connections’s previous quarterly dividend of $0.14. The ex-dividend date is Friday, November 9th. This represents a $0.64 annualized dividend and a dividend yield of 0.85%. Waste Connections’s payout ratio is 29.63%.

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Waste Connections Company Profile

Waste Connections, Inc, a solid waste services company, provides waste collection, transfer, disposal, and recycling services in the United States and Canada. The company operates through six segments: Southern, Western, Eastern, Canada, Central, and Exploration and Production (E&P). It offers collection services to residential, commercial, municipal, industrial, and E&P customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, office paper, plastic containers, glass bottles, and ferrous and aluminum metals.

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

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