Waste Connections, Inc. (NYSE:WCN) Shares Purchased by Aigen Investment Management LP

Aigen Investment Management LP lifted its holdings in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 224.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,333 shares of the business services provider's stock after purchasing an additional 15,440 shares during the period. Waste Connections comprises approximately 0.8% of Aigen Investment Management LP's holdings, making the stock its 13th biggest holding. Aigen Investment Management LP's holdings in Waste Connections were worth $3,993,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Global Trust Asset Management LLC purchased a new position in shares of Waste Connections during the 3rd quarter worth approximately $36,000. Asset Dedication LLC purchased a new stake in Waste Connections in the 3rd quarter worth approximately $41,000. Pathway Financial Advisers LLC purchased a new stake in Waste Connections in the 1st quarter worth approximately $43,000. Signature Resources Capital Management LLC purchased a new stake in Waste Connections in the 2nd quarter worth approximately $45,000. Finally, Kennebec Savings Bank purchased a new stake in Waste Connections in the 3rd quarter worth approximately $47,000. 86.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. Scotiabank assumed coverage on shares of Waste Connections in a research note on Friday, October 4th. They issued a "sector perform" rating and a $196.00 target price for the company. JPMorgan Chase & Co. lowered their target price on shares of Waste Connections from $198.00 to $197.00 and set an "overweight" rating for the company in a research note on Friday, October 25th. Eight Capital raised shares of Waste Connections to a "hold" rating in a research note on Wednesday, October 9th. Stifel Nicolaus reaffirmed a "buy" rating and issued a $205.00 target price (up from $200.00) on shares of Waste Connections in a research note on Friday, October 25th. Finally, Oppenheimer lifted their target price on shares of Waste Connections from $191.00 to $194.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st. Six equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $195.56.

Waste Connections Stock Up 1.2 %

WCN stock traded up $2.20 during trading on Tuesday, reaching $187.56. The stock had a trading volume of 747,671 shares, compared to its average volume of 885,525. Waste Connections, Inc. has a 1-year low of $129.31 and a 1-year high of $187.82. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $48.40 billion, a P/E ratio of 50.92, a PEG ratio of 3.07 and a beta of 0.72. The firm has a fifty day moving average price of $180.73 and a 200 day moving average price of $176.30.

Waste Connections (NYSE:WCN - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.35 EPS for the quarter, topping analysts' consensus estimates of $1.30 by $0.05. Waste Connections had a net margin of 10.81% and a return on equity of 15.43%. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the previous year, the business posted $1.17 EPS. The firm's revenue was up 13.3% compared to the same quarter last year. On average, equities analysts anticipate that Waste Connections, Inc. will post 4.84 earnings per share for the current year.

Waste Connections Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th will be given a $0.315 dividend. The ex-dividend date is Thursday, November 7th. This represents a $1.26 annualized dividend and a dividend yield of 0.67%. This is an increase from Waste Connections's previous quarterly dividend of $0.29. Waste Connections's payout ratio is presently 34.62%.

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.