Ninepoint Partners LP Has $1.99 Million Stock Position in Waste Connections, Inc. (NYSE:WCN)

Ninepoint Partners LP boosted its stake in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 16.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,589 shares of the business services provider's stock after purchasing an additional 1,600 shares during the quarter. Ninepoint Partners LP's holdings in Waste Connections were worth $1,988,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WCN. Manchester Capital Management LLC acquired a new position in Waste Connections during the 4th quarter valued at approximately $26,000. Private Trust Co. NA boosted its position in Waste Connections by 153.3% during the 4th quarter. Private Trust Co. NA now owns 152 shares of the business services provider's stock valued at $26,000 after purchasing an additional 92 shares during the period. Stonebridge Financial Group LLC acquired a new position in Waste Connections during the 4th quarter valued at approximately $27,000. Smartleaf Asset Management LLC boosted its position in Waste Connections by 59.7% during the 4th 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 acquired a new position in Waste Connections during the 4th quarter valued at approximately $39,000. Institutional investors and hedge funds own 86.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on WCN. CIBC reduced their price target on Waste Connections from $215.00 to $212.00 and set an "outperform" rating for the company in a research report on Thursday, December 19th. Oppenheimer boosted their price objective on Waste Connections from $192.00 to $195.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. Truist Financial reaffirmed a "buy" rating and set a $210.00 target price (up from $200.00) on shares of Waste Connections in a research report on Friday, February 14th. Morgan Stanley boosted their target price on Waste Connections from $214.00 to $219.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Finally, Jefferies Financial Group cut their target price on Waste Connections from $225.00 to $210.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $202.43.

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Waste Connections Stock Down 0.4 %

Shares of NYSE WCN traded down $0.72 during mid-day trading on Thursday, reaching $189.98. 757,879 shares of the company traded hands, compared to its average volume of 879,329. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market cap of $49.03 billion, a PE ratio of 79.49, a price-to-earnings-growth ratio of 3.07 and a beta of 0.81. The company's fifty day moving average is $185.02 and its two-hundred day moving average is $182.57. Waste Connections, Inc. has a fifty-two week low of $160.34 and a fifty-two week high of $194.83.

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 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, analysts expect that Waste Connections, Inc. will post 5.28 earnings per share for the current year.

Waste Connections Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were issued a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend was Thursday, February 27th. Waste Connections's dividend payout ratio (DPR) is currently 52.72%.

About Waste Connections

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.