Waste Connections, Inc. (NYSE:WCN) Stake Lifted by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co raised its position in Waste Connections, Inc. (NYSE:WCN - Free Report) by 10.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,098 shares of the business services provider's stock after purchasing an additional 2,322 shares during the quarter. Elo Mutual Pension Insurance Co's holdings in Waste Connections were worth $4,306,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Manchester Capital Management LLC acquired a new position in Waste Connections during the fourth quarter valued at approximately $26,000. Private Trust Co. NA lifted its holdings in shares of Waste Connections by 153.3% during the 4th quarter. Private Trust Co. NA now owns 152 shares of the business services provider's stock valued at $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 worth $27,000. Smartleaf Asset Management LLC increased its holdings in Waste Connections by 59.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider's stock valued at $33,000 after purchasing an additional 71 shares in the last quarter. Finally, Sierra Ocean LLC purchased a new position in Waste Connections in the fourth quarter valued at about $39,000. 86.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Scotiabank decreased their target price on Waste Connections from $196.00 to $192.00 and set a "sector perform" rating for the company in a research report on Monday, January 27th. CIBC lowered their price objective on shares of Waste Connections from $215.00 to $212.00 and set an "outperform" rating for the company in a research report on Thursday, December 19th. Jefferies Financial Group dropped their price objective on shares of Waste Connections from $225.00 to $210.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. Stifel Nicolaus upped their target price on shares of Waste Connections from $205.00 to $212.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. Finally, Truist Financial reiterated a "buy" rating and issued a $210.00 price objective (up previously from $200.00) on shares of Waste Connections in a report on Friday, February 14th. Four 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 stock. Based on data from MarketBeat, Waste Connections has a consensus rating of "Moderate Buy" and a consensus price target of $202.43.

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Waste Connections Stock Performance

WCN traded up $1.71 during trading on Tuesday, reaching $196.90. 288,030 shares of the company were exchanged, compared to its average volume of 913,185. 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 $50.87 billion, a P/E ratio of 82.33, a PEG ratio of 3.07 and a beta of 0.81. Waste Connections, Inc. has a 52 week low of $160.34 and a 52 week high of $197.75. The firm has a 50 day moving average of $187.47 and a 200 day moving average of $182.95.

Waste Connections (NYSE:WCN - Get Free Report) last posted its earnings results on Wednesday, February 12th. The business services provider reported $1.16 earnings per share (EPS) 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, sell-side analysts forecast that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were given a $0.315 dividend. This represents a $1.26 annualized dividend and a yield of 0.64%. The ex-dividend date was Thursday, February 27th. Waste Connections's dividend payout ratio is currently 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.