Mufg Securities Canada LTD. Increases Position in Waste Connections, Inc. (NYSE:WCN)

Mufg Securities Canada LTD. increased its holdings in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 72.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 394,071 shares of the business services provider's stock after buying an additional 165,072 shares during the quarter. Waste Connections accounts for about 2.4% of Mufg Securities Canada LTD.'s portfolio, making the stock its 15th largest position. Mufg Securities Canada LTD. owned approximately 0.15% of Waste Connections worth $67,560,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in WCN. Manchester Capital Management LLC acquired a new stake in Waste Connections during the 4th quarter valued at approximately $26,000. Private Trust Co. NA raised its holdings in Waste Connections by 153.3% in the 4th quarter. Private Trust Co. NA now owns 152 shares of the business services provider's stock worth $26,000 after purchasing an additional 92 shares during the period. Stonebridge Financial Group LLC purchased a new position in Waste Connections during the fourth quarter worth approximately $27,000. Smartleaf Asset Management LLC grew its holdings in Waste Connections by 59.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider's stock valued at $33,000 after purchasing an additional 71 shares during the period. Finally, Sierra Ocean LLC purchased a new stake in shares of Waste Connections in the fourth quarter valued at approximately $39,000. 86.09% of the stock is owned by institutional investors and hedge funds.

Waste Connections Trading Down 0.6 %

Shares of NYSE WCN traded down $1.11 during trading on Friday, hitting $192.80. 728,768 shares of the company were exchanged, compared to its average volume of 913,883. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.65 and a current ratio of 0.65. Waste Connections, Inc. has a 12-month low of $160.34 and a 12-month high of $194.83. The company has a fifty day moving average price of $187.14 and a 200-day moving average price of $182.91. The firm has a market capitalization of $49.81 billion, a PE ratio of 80.67, a P/E/G ratio of 3.07 and a beta of 0.81.

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Waste Connections (NYSE:WCN - Get Free Report) last posted its earnings results on Wednesday, February 12th. The business services provider reported $1.16 earnings per share 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%. As a group, equities research analysts expect that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on WCN shares. Jefferies Financial Group dropped 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. Citigroup boosted their target price on shares of Waste Connections from $195.00 to $196.00 and gave the stock a "neutral" rating in a research note on Monday, January 13th. Stifel Nicolaus raised their price target on shares of Waste Connections from $205.00 to $212.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. Oppenheimer lifted their price objective on Waste Connections from $192.00 to $195.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. Finally, Truist Financial reissued a "buy" rating and set a $210.00 target price (up previously from $200.00) on shares of Waste Connections in a report 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 issued a strong buy rating to the company. According to MarketBeat.com, Waste Connections presently has an average 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.