Waste Connections, Inc. (NYSE:WCN) Shares Sold by Candriam S.C.A.

Candriam S.C.A. decreased its holdings in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 27.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 314,579 shares of the business services provider's stock after selling 116,847 shares during the period. Candriam S.C.A. owned approximately 0.12% of Waste Connections worth $53,969,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in WCN. FMR LLC lifted its position in Waste Connections by 0.6% in the third 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. Alphinity Investment Management Pty Ltd lifted its position in Waste Connections by 0.9% in the fourth quarter. Alphinity Investment Management Pty Ltd now owns 3,332,826 shares of the business services provider's stock valued at $571,846,000 after purchasing an additional 29,542 shares during the period. National Bank of Canada FI lifted its position in Waste Connections by 35.3% in 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 purchasing an additional 699,012 shares during the period. Fiera Capital Corp lifted its position in Waste Connections by 6.5% in the third quarter. Fiera Capital Corp now owns 2,332,002 shares of the business services provider's stock valued at $417,385,000 after purchasing an additional 142,751 shares during the period. Finally, Montrusco Bolton Investments Inc. lifted its position in Waste Connections by 15.5% in the third quarter. Montrusco Bolton Investments Inc. now owns 2,303,339 shares of the business services provider's stock valued at $401,936,000 after purchasing an additional 309,619 shares during the period. Institutional investors and hedge funds own 86.09% of the company's stock.

Remove Ads

Analyst Ratings Changes

A number of equities research analysts recently commented on WCN shares. Morgan Stanley raised their price objective on shares of Waste Connections from $214.00 to $219.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Jefferies Financial Group dropped their target price on shares of Waste Connections from $225.00 to $210.00 and set a "buy" rating for the company in a report on Thursday, January 30th. Citigroup increased their target price on shares of Waste Connections from $195.00 to $196.00 and gave the company a "neutral" rating in a report on Monday, January 13th. Truist Financial reaffirmed a "buy" rating and issued a $210.00 target price (up from $200.00) on shares of Waste Connections in a report on Friday, February 14th. Finally, Stifel Nicolaus increased their target price on shares of Waste Connections from $205.00 to $212.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $202.43.

Waste Connections Trading Up 1.4 %

NYSE WCN traded up $2.59 during mid-day trading on Friday, reaching $188.35. 1,366,213 shares of the stock were exchanged, compared to its average volume of 877,080. Waste Connections, Inc. has a 1-year low of $160.34 and a 1-year high of $194.83. The business's fifty day simple moving average is $182.76 and its 200 day simple moving average is $182.55. The stock has a market capitalization of $48.61 billion, a PE ratio of 78.81, a PEG ratio of 3.07 and a beta of 0.81. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.65 and a current ratio of 0.65.

Waste Connections (NYSE:WCN - Get Free Report) last announced its quarterly earnings results 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%. On average, research analysts anticipate that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders 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 dividend payout ratio (DPR) is presently 52.72%.

Waste Connections Company 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.