Lingohr Asset Management GmbH Buys Shares of 1,400 Waste Connections, Inc. (NYSE:WCN)

Lingohr Asset Management GmbH purchased a new position in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,400 shares of the business services provider's stock, valued at approximately $240,000.

Several other large investors have also recently made changes to their positions in WCN. Blueshift Asset Management LLC acquired a new stake in Waste Connections during the 3rd quarter worth $552,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Waste Connections in the third quarter valued at about $2,503,000. Barclays PLC lifted its stake in shares of Waste Connections by 34.3% in the third quarter. Barclays PLC now owns 303,040 shares of the business services provider's stock worth $54,190,000 after buying an additional 77,466 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Waste Connections by 785.1% in the fourth quarter. GAMMA Investing LLC now owns 4,682 shares of the business services provider's stock worth $803,000 after buying an additional 4,153 shares in the last quarter. Finally, TCW Group Inc. boosted its position in Waste Connections by 6.7% during the third quarter. TCW Group Inc. now owns 722,426 shares of the business services provider's stock worth $129,184,000 after acquiring an additional 45,215 shares during the last quarter. 86.09% of the stock is currently owned by hedge funds and other institutional investors.

Waste Connections Trading Up 0.8 %

WCN stock traded up $1.56 during mid-day trading on Monday, hitting $190.88. 879,025 shares of the company were exchanged, compared to its average volume of 882,289. Waste Connections, Inc. has a 12-month low of $160.34 and a 12-month high of $194.83. The firm has a market capitalization of $49.26 billion, a P/E ratio of 79.87, a PEG ratio of 3.07 and a beta of 0.81. The business has a fifty day simple moving average of $185.88 and a 200-day simple moving average of $182.65. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.03.

Remove Ads

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

Waste Connections Dividend Announcement

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

Analyst Upgrades and Downgrades

WCN has been the subject of a number of recent research reports. StockNews.com downgraded shares of Waste Connections from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Stifel Nicolaus increased their price target on Waste Connections from $205.00 to $212.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Truist Financial reissued a "buy" rating and set a $210.00 price objective (up previously from $200.00) on shares of Waste Connections in a research note on Friday, February 14th. Oppenheimer upped their target price on Waste Connections from $192.00 to $195.00 and gave the company an "outperform" rating in a report on Friday, December 13th. Finally, CIBC reduced their price target on Waste Connections from $215.00 to $212.00 and set an "outperform" rating on the stock in a report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned 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 target price 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.