2Xideas AG boosted its stake in Waste Connections, Inc. (NYSE:WCN - Free Report) by 60.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 70,192 shares of the business services provider's stock after buying an additional 26,437 shares during the period. Waste Connections makes up approximately 1.6% of 2Xideas AG's portfolio, making the stock its 26th biggest position. 2Xideas AG's holdings in Waste Connections were worth $12,044,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd purchased a new stake in Waste Connections in the fourth quarter valued at approximately $28,000. Russell Investments Group Ltd. grew its stake in shares of Waste Connections by 54.4% in the fourth quarter. Russell Investments Group Ltd. now owns 153,434 shares of the business services provider's stock valued at $26,321,000 after buying an additional 54,038 shares in the last quarter. Sit Investment Associates Inc. raised its holdings in shares of Waste Connections by 0.3% in the 4th quarter. Sit Investment Associates Inc. now owns 62,551 shares of the business services provider's stock valued at $10,733,000 after buying an additional 199 shares during the period. Oarsman Capital Inc. lifted its stake in Waste Connections by 41.4% during the 4th quarter. Oarsman Capital Inc. now owns 222 shares of the business services provider's stock worth $38,000 after acquiring an additional 65 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. purchased a new position in Waste Connections during the 4th quarter valued at about $15,483,000. Institutional investors and hedge funds own 86.09% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have issued reports on WCN shares. Scotiabank boosted their price target on shares of Waste Connections from $192.00 to $207.00 and gave the stock a "sector perform" rating in a research note on Tuesday. William Blair began coverage on shares of Waste Connections in a research note on Thursday, April 3rd. They set an "outperform" rating on the stock. CIBC decreased their price target on shares of Waste Connections from $215.00 to $212.00 and set an "outperform" rating for the company in a research report on Thursday, December 19th. Jefferies Financial Group cut their price objective on Waste Connections from $225.00 to $210.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th. Finally, Oppenheimer lifted their target price on Waste Connections from $192.00 to $195.00 and gave the company an "outperform" rating in a report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $204.43.
Check Out Our Latest Stock Analysis on Waste Connections
Waste Connections Stock Up 1.6 %
Waste Connections stock traded up $2.98 during mid-day trading on Friday, hitting $194.80. The company had a trading volume of 598,553 shares, compared to its average volume of 959,033. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.03. Waste Connections, Inc. has a 1 year low of $160.34 and a 1 year high of $201.66. The business has a fifty day moving average of $189.33 and a 200 day moving average of $183.62. The stock has a market cap of $50.33 billion, a price-to-earnings ratio of 81.12, a PEG ratio of 3.07 and a beta of 0.67.
Waste Connections (NYSE:WCN - Get Free Report) last posted its earnings results on Wednesday, February 12th. The business services provider reported $1.16 EPS 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%. On average, sell-side analysts expect that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.
Waste Connections Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were given a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date was Thursday, February 27th. Waste Connections's dividend payout ratio (DPR) is currently 52.72%.
About Waste Connections
(
Free Report)
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.
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