Dimensional Fund Advisors LP Sells 4,540 Shares of Waste Connections Inc (WCN)

Dimensional Fund Advisors LP cut its holdings in Waste Connections Inc (NYSE:WCN) by 3.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 138,839 shares of the business services provider’s stock after selling 4,540 shares during the quarter. Dimensional Fund Advisors LP owned 0.05% of Waste Connections worth $11,073,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Nisa Investment Advisors LLC purchased a new position in shares of Waste Connections in the third quarter valued at $204,000. Signition LP purchased a new position in Waste Connections during the third quarter worth $255,000. Natixis purchased a new position in Waste Connections during the second quarter worth $265,000. CLARET ASSET MANAGEMENT Corp boosted its stake in Waste Connections by 31.1% during the third quarter. CLARET ASSET MANAGEMENT Corp now owns 4,154 shares of the business services provider’s stock worth $331,000 after buying an additional 985 shares during the period. Finally, Advisors Asset Management Inc. boosted its stake in Waste Connections by 104.6% during the second quarter. Advisors Asset Management Inc. now owns 4,643 shares of the business services provider’s stock worth $350,000 after buying an additional 2,374 shares during the period. 81.67% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have commented on WCN shares. Zacks Investment Research raised shares of Waste Connections from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research note on Sunday, January 6th. TD Securities set a $87.00 price objective on shares of Waste Connections and gave the stock a “hold” rating in a research note on Wednesday, November 28th. Oppenheimer set a $87.00 price objective on shares of Waste Connections and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Royal Bank of Canada lifted their price objective on shares of Waste Connections from $84.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 31st. Finally, UBS Group set a $90.00 price objective on shares of Waste Connections and gave the stock a “buy” rating in a research note on Wednesday, October 31st. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $86.67.

NYSE:WCN opened at $80.43 on Friday. Waste Connections Inc has a twelve month low of $65.06 and a twelve month high of $81.36. The firm has a market cap of $20.83 billion, a PE ratio of 37.24, a price-to-earnings-growth ratio of 2.35 and a beta of 0.25. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.58.

Waste Connections (NYSE:WCN) last released its earnings results on Monday, October 29th. The business services provider reported $0.69 earnings per share for the quarter, topping the 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 during the quarter, compared to the consensus estimate of $1.27 billion. During the same period last year, the company earned $0.60 earnings per share. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Waste Connections Inc will post 2.52 earnings per share for the current year.

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Waste Connections 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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