Fox Run Management L.L.C. Acquires 3,031 Shares of Waste Connections, Inc. (NYSE:WCN)

Fox Run Management L.L.C. increased its position in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 77.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,966 shares of the business services provider's stock after acquiring an additional 3,031 shares during the quarter. Fox Run Management L.L.C.'s holdings in Waste Connections were worth $1,195,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. grew its position in shares of Waste Connections by 307.1% during the 3rd quarter. Principal Financial Group Inc. now owns 1,927,155 shares of the business services provider's stock worth $344,615,000 after buying an additional 1,453,733 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Waste Connections in the 4th quarter valued at $240,422,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Waste Connections by 432.6% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,259,312 shares of the business services provider's stock worth $225,078,000 after buying an additional 1,022,851 shares during the period. National Bank of Canada FI increased its stake in shares of Waste Connections by 35.3% in the 3rd 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 last quarter. Finally, Two Sigma Advisers LP raised its position in shares of Waste Connections by 199.4% in the 3rd quarter. Two Sigma Advisers LP now owns 591,250 shares of the business services provider's stock valued at $105,727,000 after acquiring an additional 393,763 shares during the period. Institutional investors own 86.09% of the company's stock.

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Waste Connections Stock Performance

WCN stock traded up $2.14 during midday trading on Tuesday, reaching $193.07. 872,978 shares of the company were exchanged, compared to its average volume of 882,272. The firm has a market capitalization of $49.83 billion, a price-to-earnings ratio of 80.78, a price-to-earnings-growth ratio of 3.07 and a beta of 0.81. The business has a 50-day moving average price of $185.88 and a two-hundred day moving average price of $182.65. Waste Connections, Inc. has a one year low of $160.34 and a one year high of $194.83. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.65 and a quick ratio of 0.65.

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

Waste Connections Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were paid a dividend of $0.315 per share. The ex-dividend date was Thursday, February 27th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.65%. Waste Connections's dividend payout ratio (DPR) is currently 52.72%.

Analysts Set New Price Targets

WCN has been the subject of several research analyst reports. Truist Financial reissued a "buy" rating and issued a $210.00 price target (up previously from $200.00) on shares of Waste Connections in a report on Friday, February 14th. Stifel Nicolaus raised their price target on Waste Connections from $205.00 to $212.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Oppenheimer increased their target price on Waste Connections from $192.00 to $195.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. Jefferies Financial Group cut their price target 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. Finally, Citigroup increased their price objective on shares of Waste Connections from $195.00 to $196.00 and gave the stock a "neutral" rating in a research report on Monday, January 13th. 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 stock currently has a consensus rating of "Moderate Buy" and an average target price of $202.43.

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.