M&T Bank Corp Has $5.48 Million Stock Holdings in Waste Connections, Inc. (NYSE:WCN)

M&T Bank Corp lessened its stake in Waste Connections, Inc. (NYSE:WCN - Free Report) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,943 shares of the business services provider's stock after selling 1,426 shares during the quarter. M&T Bank Corp's holdings in Waste Connections were worth $5,480,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC raised its stake in Waste Connections by 0.6% in the third quarter. FMR LLC now owns 5,313,725 shares of the business services provider's stock valued at $950,055,000 after buying an additional 30,890 shares during the period. Alphinity Investment Management Pty Ltd raised its stake in Waste Connections by 0.9% in the 4th quarter. Alphinity Investment Management Pty Ltd now owns 3,332,826 shares of the business services provider's stock valued at $571,846,000 after acquiring an additional 29,542 shares during the period. National Bank of Canada FI lifted its holdings in Waste Connections by 35.3% during 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 purchasing an additional 699,012 shares during the last quarter. Fiera Capital Corp boosted its position in Waste Connections by 6.5% during the third quarter. Fiera Capital Corp now owns 2,332,002 shares of the business services provider's stock worth $417,385,000 after purchasing an additional 142,751 shares during the period. Finally, Montrusco Bolton Investments Inc. boosted its position in Waste Connections by 15.5% during the third quarter. Montrusco Bolton Investments Inc. now owns 2,303,339 shares of the business services provider's stock worth $401,936,000 after purchasing an additional 309,619 shares during the period. 86.09% of the stock is owned by institutional investors.

Remove Ads

Waste Connections Trading Up 1.4 %

Shares of WCN stock traded up $2.59 during trading hours on Friday, hitting $188.35. 1,366,213 shares of the company's stock traded hands, compared to its average volume of 877,080. The stock has a market cap of $48.61 billion, a PE ratio of 78.81, a price-to-earnings-growth ratio of 3.07 and a beta of 0.81. The stock's 50 day simple moving average is $182.76 and its 200 day simple moving average is $182.55. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.03. Waste Connections, Inc. has a 12 month low of $160.34 and a 12 month high of $194.83.

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

Waste Connections Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th will be given a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Thursday, February 27th. Waste Connections's dividend payout ratio (DPR) is presently 52.72%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on WCN. Morgan Stanley increased their target price on Waste Connections from $214.00 to $219.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Jefferies Financial Group dropped their price target on Waste Connections from $225.00 to $210.00 and set a "buy" rating for the company in a research note on Thursday, January 30th. StockNews.com lowered shares of Waste Connections from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Citigroup upped their price target on shares of Waste Connections from $195.00 to $196.00 and gave the stock a "neutral" rating in a report on Monday, January 13th. Finally, Oppenheimer upped 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. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Waste Connections has a consensus rating of "Moderate Buy" and a consensus price target 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.