AGF Management Ltd. lifted its holdings in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 14.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 433,278 shares of the business services provider's stock after buying an additional 56,130 shares during the quarter. AGF Management Ltd. owned about 0.17% of Waste Connections worth $74,330,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. Manchester Capital Management LLC purchased a new stake in shares of Waste Connections in the fourth quarter worth $26,000. Private Trust Co. NA increased its holdings in Waste Connections by 153.3% in the 4th quarter. Private Trust Co. NA now owns 152 shares of the business services provider's stock worth $26,000 after acquiring an additional 92 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in Waste Connections during the 4th quarter valued at approximately $27,000. Smartleaf Asset Management LLC boosted its position in shares of 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 acquiring an additional 71 shares during the last quarter. Finally, Sierra Ocean LLC bought a new stake in Waste Connections in the fourth quarter worth $39,000. Hedge funds and other institutional investors own 86.09% of the company's stock.
Analysts Set New Price Targets
WCN has been the subject of several recent analyst reports. StockNews.com downgraded Waste Connections from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Oppenheimer raised their price target on Waste Connections from $192.00 to $195.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. Truist Financial reissued a "buy" rating and issued a $210.00 price target (up from $200.00) on shares of Waste Connections in a report on Friday, February 14th. Jefferies Financial Group lowered their price objective on Waste Connections from $225.00 to $210.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. Finally, CIBC reduced 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. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $202.43.
View Our Latest Stock Analysis on WCN
Waste Connections Stock Performance
WCN opened at $186.16 on Tuesday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.03. The stock has a market cap of $48.04 billion, a PE ratio of 77.89, a price-to-earnings-growth ratio of 3.07 and a beta of 0.81. Waste Connections, Inc. has a twelve month low of $160.34 and a twelve month high of $194.83. The business's 50 day moving average is $183.06 and its 200-day moving average is $182.55.
Waste Connections (NYSE:WCN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.04). Waste Connections had a return on equity of 15.54% and a net margin of 6.92%. On average, 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. Investors of record on Thursday, February 27th will be given a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Thursday, February 27th. Waste Connections's dividend payout ratio is 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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