TCW Group Inc. Has $117.89 Million Stock Position in Waste Connections, Inc. (NYSE:WCN)

TCW Group Inc. decreased its position in shares of Waste Connections, Inc. (NYSE:WCN) by 4.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 687,091 shares of the business services provider’s stock after selling 35,335 shares during the period. Waste Connections comprises 1.0% of TCW Group Inc.’s holdings, making the stock its 28th largest holding. TCW Group Inc.’s holdings in Waste Connections were worth $117,891,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Fifth Third Bancorp raised its holdings in Waste Connections by 8.8% during the fourth quarter. Fifth Third Bancorp now owns 705 shares of the business services provider’s stock valued at $121,000 after buying an additional 57 shares in the last quarter. Jennison Associates LLC raised its holdings in Waste Connections by 0.4% during the fourth quarter. Jennison Associates LLC now owns 14,247 shares of the business services provider’s stock valued at $2,445,000 after buying an additional 63 shares in the last quarter. Continuum Advisory LLC raised its holdings in Waste Connections by 58.0% during the third quarter. Continuum Advisory LLC now owns 226 shares of the business services provider’s stock valued at $42,000 after buying an additional 83 shares in the last quarter. Kingsview Wealth Management LLC raised its holdings in Waste Connections by 6.3% during the third quarter. Kingsview Wealth Management LLC now owns 1,515 shares of the business services provider’s stock valued at $271,000 after buying an additional 90 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Waste Connections by 0.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 29,220 shares of the business services provider’s stock valued at $5,014,000 after buying an additional 92 shares in the last quarter. 86.09% of the stock is currently owned by institutional investors.

Waste Connections Trading Down 0.2 %

Shares of WCN opened at $187.41 on Friday. Waste Connections, Inc. has a 12-month low of $160.34 and a 12-month high of $194.83. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $48.37 billion, a price-to-earnings ratio of 78.41, a P/E/G ratio of 3.07 and a beta of 0.77. The stock’s 50-day moving average price is $179.73 and its 200 day moving average price is $182.01.

Waste Connections (NYSE:WCN) last released 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%. As a group, research analysts predict that Waste Connections, Inc. will post 5.28 earnings per share for the current year.

Waste Connections Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be issued a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Thursday, February 27th. Waste Connections’s payout ratio is 52.72%.

Wall Street Analyst Weigh In

WCN has been the topic of several recent research reports. StockNews.com lowered Waste Connections from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Stifel Nicolaus lifted their price objective on Waste Connections from $205.00 to $212.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. CIBC dropped their price objective on Waste Connections from $215.00 to $212.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. Morgan Stanley lifted their price objective 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, Citigroup lifted their price objective on Waste Connections from $195.00 to $196.00 and gave the stock a “neutral” rating in a research note on Monday, January 13th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $201.00.

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.