Citigroup Inc. Has $22.17 Million Holdings in Waste Connections, Inc. (NYSE:WCN)

Citigroup Inc. grew its position in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 10.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 123,896 shares of the business services provider's stock after acquiring an additional 12,187 shares during the quarter. Citigroup Inc.'s holdings in Waste Connections were worth $22,171,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of WCN. B. Riley Wealth Advisors Inc. raised its stake in shares of Waste Connections by 42.2% during the first quarter. B. Riley Wealth Advisors Inc. now owns 2,455 shares of the business services provider's stock valued at $422,000 after purchasing an additional 728 shares in the last quarter. California State Teachers Retirement System raised its position in Waste Connections by 1.0% in the first quarter. California State Teachers Retirement System now owns 317,220 shares of the business services provider's stock worth $54,565,000 after acquiring an additional 3,106 shares in the last quarter. Tidal Investments LLC raised its position in Waste Connections by 7.7% in the first quarter. Tidal Investments LLC now owns 8,091 shares of the business services provider's stock worth $1,392,000 after acquiring an additional 575 shares in the last quarter. Wahed Invest LLC raised its position in Waste Connections by 37.8% in the first quarter. Wahed Invest LLC now owns 2,831 shares of the business services provider's stock worth $487,000 after acquiring an additional 777 shares in the last quarter. Finally, Atria Investments Inc raised its position in Waste Connections by 7.0% in the first quarter. Atria Investments Inc now owns 10,173 shares of the business services provider's stock worth $1,750,000 after acquiring an additional 669 shares in the last quarter. Institutional investors and hedge funds own 86.09% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on WCN shares. Citigroup boosted their price objective on Waste Connections from $190.00 to $195.00 and gave the stock a "neutral" rating in a report on Thursday, October 3rd. Royal Bank of Canada boosted their price objective on Waste Connections from $199.00 to $201.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Oppenheimer boosted their price objective on Waste Connections from $191.00 to $194.00 and gave the stock an "outperform" rating in a report on Monday, October 21st. BMO Capital Markets cut their price objective on Waste Connections from $198.00 to $196.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Finally, Raymond James cut their price objective on Waste Connections from $208.00 to $205.00 and set a "strong-buy" rating on the stock in a report on Friday, October 25th. Five research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $195.56.

Waste Connections Stock Up 0.2 %

Shares of Waste Connections stock opened at $193.25 on Wednesday. The stock has a market capitalization of $49.87 billion, a P/E ratio of 53.09, a PEG ratio of 3.22 and a beta of 0.72. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.99. The stock has a 50 day moving average price of $181.46 and a two-hundred day moving average price of $178.11. Waste Connections, Inc. has a 12-month low of $132.15 and a 12-month high of $194.24.

Waste Connections (NYSE:WCN - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The business services provider reported $1.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.30 by $0.05. The firm had revenue of $2.34 billion during the quarter, compared to analysts' expectations of $2.30 billion. Waste Connections had a return on equity of 15.43% and a net margin of 10.81%. The company's revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.17 earnings per share. Equities analysts expect that Waste Connections, Inc. will post 4.84 earnings per share for the current year.

Waste Connections Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th were issued a dividend of $0.315 per share. The ex-dividend date was Thursday, November 7th. This is a positive change from Waste Connections's previous quarterly dividend of $0.29. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.65%. Waste Connections's payout ratio is 34.62%.

About Waste Connections

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.