iA Global Asset Management Inc. Has $40.25 Million Stake in Waste Connections, Inc. (NYSE:WCN)

iA Global Asset Management Inc. increased its stake in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 56.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 234,602 shares of the business services provider's stock after acquiring an additional 85,040 shares during the period. Waste Connections comprises about 0.7% of iA Global Asset Management Inc.'s portfolio, making the stock its 28th largest position. iA Global Asset Management Inc. owned about 0.09% of Waste Connections worth $40,253,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Blueshift Asset Management LLC bought a new stake in Waste Connections during the 3rd quarter worth about $552,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Waste Connections in the 3rd quarter valued at about $2,503,000. Barclays PLC increased its stake in shares of Waste Connections by 34.3% during the 3rd quarter. Barclays PLC now owns 303,040 shares of the business services provider's stock worth $54,190,000 after purchasing an additional 77,466 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Waste Connections by 785.1% in the 4th quarter. GAMMA Investing LLC now owns 4,682 shares of the business services provider's stock valued at $803,000 after purchasing an additional 4,153 shares during the period. Finally, TCW Group Inc. lifted its stake in Waste Connections by 6.7% in the 3rd quarter. TCW Group Inc. now owns 722,426 shares of the business services provider's stock valued at $129,184,000 after purchasing an additional 45,215 shares during the last quarter. 86.09% of the stock is owned by institutional investors.

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Waste Connections Trading Up 0.8 %

NYSE WCN traded up $1.56 during trading hours on Monday, reaching $190.88. The company's stock had a trading volume of 879,025 shares, compared to its average volume of 882,289. The firm has a fifty day simple moving average of $185.88 and a 200-day simple moving average of $182.65. 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, Inc. has a 52 week low of $160.34 and a 52 week high of $194.83. The stock has a market cap of $49.26 billion, a P/E ratio of 79.87, a P/E/G ratio of 3.07 and a beta of 0.81.

Waste Connections (NYSE:WCN - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.04). Waste Connections had a net margin of 6.92% and a return on equity of 15.54%. Equities analysts forecast that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were issued a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a yield of 0.66%. The ex-dividend date was Thursday, February 27th. Waste Connections's payout ratio is presently 52.72%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. CIBC lowered their price target on Waste Connections from $215.00 to $212.00 and set an "outperform" rating on the stock in a research report on Thursday, December 19th. Truist Financial reissued a "buy" rating and set a $210.00 target price (up from $200.00) on shares of Waste Connections in a report on Friday, February 14th. Jefferies Financial Group cut their price target on Waste Connections from $225.00 to $210.00 and set a "buy" rating for the company in a report on Thursday, January 30th. Scotiabank decreased their price objective on shares of Waste Connections from $196.00 to $192.00 and set a "sector perform" rating on the stock in a report on Monday, January 27th. Finally, Morgan Stanley raised their target price on shares of Waste Connections from $214.00 to $219.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $202.43.

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.