Asset Management One Co. Ltd. Has $17.74 Million Stock Position in Waste Connections, Inc. (NYSE:WCN)

Asset Management One Co. Ltd. reduced its stake in Waste Connections, Inc. (NYSE:WCN - Free Report) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,585 shares of the business services provider's stock after selling 1,454 shares during the period. Asset Management One Co. Ltd.'s holdings in Waste Connections were worth $17,741,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in WCN. FMR LLC boosted its position in Waste Connections by 0.6% during the 3rd quarter. FMR LLC now owns 5,313,725 shares of the business services provider's stock valued at $950,055,000 after purchasing an additional 30,890 shares during the period. National Bank of Canada FI boosted its holdings in shares of Waste Connections by 35.3% during the third quarter. National Bank of Canada FI now owns 2,678,562 shares of the business services provider's stock valued at $478,777,000 after acquiring an additional 699,012 shares during the period. Fiera Capital Corp grew its position in shares of Waste Connections by 6.5% during the third quarter. Fiera Capital Corp now owns 2,332,002 shares of the business services provider's stock worth $417,385,000 after acquiring an additional 142,751 shares during the last quarter. Montrusco Bolton Investments Inc. increased its holdings in shares of Waste Connections by 15.5% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 2,303,339 shares of the business services provider's stock worth $401,936,000 after acquiring an additional 309,619 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Waste Connections by 44.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,964,082 shares of the business services provider's stock valued at $351,037,000 after purchasing an additional 602,055 shares during the last quarter. 86.09% of the stock is owned by institutional investors.

Waste Connections Trading Up 0.0 %

Shares of NYSE:WCN traded up $0.08 during midday trading on Wednesday, reaching $187.73. The company had a trading volume of 1,004,731 shares, compared to its average volume of 988,792. The company has a fifty day simple moving average of $179.46 and a two-hundred day simple moving average of $181.83. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market cap of $48.45 billion, a price-to-earnings ratio of 78.55, a price-to-earnings-growth ratio of 3.08 and a beta of 0.77. Waste Connections, Inc. has a 1-year low of $160.34 and a 1-year high of $194.83.

Waste Connections (NYSE:WCN - Get Free Report) last released its earnings results on Wednesday, February 12th. The business services provider reported $1.16 earnings per share 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%. Research analysts predict that Waste Connections, Inc. will post 5.3 earnings per share for the current year.

Waste Connections Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Stifel Nicolaus raised their target price on Waste Connections from $205.00 to $212.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. Jefferies Financial Group lowered their price target on Waste Connections from $225.00 to $210.00 and set a "buy" rating on the stock in a report on Thursday, January 30th. CIBC reduced their price objective on shares of Waste Connections from $215.00 to $212.00 and set an "outperform" rating for the company in a report on Thursday, December 19th. Truist Financial reissued a "buy" rating and set a $210.00 target price (up previously from $200.00) on shares of Waste Connections in a research note on Friday, February 14th. Finally, Morgan Stanley increased their price objective on shares of Waste Connections from $214.00 to $219.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Waste Connections presently has an average rating of "Moderate Buy" and a consensus target price 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.