Mn Services Vermogensbeheer B.V. Buys 3,300 Shares of Waste Connections, Inc. (NYSE:WCN)

Mn Services Vermogensbeheer B.V. grew its holdings in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 3.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 102,600 shares of the business services provider's stock after purchasing an additional 3,300 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Waste Connections were worth $17,604,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of WCN. Manchester Capital Management LLC purchased a new stake in Waste Connections during the 4th quarter worth about $26,000. Stonebridge Financial Group LLC purchased a new stake in Waste Connections in the 4th quarter worth approximately $27,000. Sierra Ocean LLC bought a new position in Waste Connections in the 4th quarter valued at $39,000. FSA Wealth Management LLC purchased a new position in shares of Waste Connections during the 3rd quarter valued at $40,000. Finally, Continuum Advisory LLC increased its holdings in shares of Waste Connections by 58.0% in the third quarter. Continuum Advisory LLC now owns 226 shares of the business services provider's stock worth $42,000 after purchasing an additional 83 shares during the period. Hedge funds and other institutional investors own 86.09% of the company's stock.

Waste Connections Trading Up 1.1 %

Waste Connections stock traded up $2.12 during mid-day trading on Monday, reaching $191.88. 1,096,984 shares of the company traded hands, compared to its average volume of 870,411. 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 firm has a market capitalization of $49.52 billion, a price-to-earnings ratio of 80.28, a P/E/G ratio of 3.07 and a beta of 0.77. The firm's 50 day moving average price is $181.01 and its 200 day moving average price is $182.31.

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Waste Connections (NYSE:WCN - Get Free Report) last announced 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%. On average, analysts anticipate that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Morgan Stanley raised their price target on Waste Connections from $214.00 to $219.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Truist Financial restated a "buy" rating and set a $210.00 price objective (up previously from $200.00) on shares of Waste Connections in a research report on Friday, February 14th. Jefferies Financial Group reduced their target price on Waste Connections from $225.00 to $210.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. Scotiabank cut their price objective on Waste Connections from $196.00 to $192.00 and set a "sector perform" rating for the company in a report on Monday, January 27th. Finally, Oppenheimer raised their price objective on Waste Connections from $192.00 to $195.00 and gave the company an "outperform" rating in a report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus 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.