Oddo BHF Asset Management Sas Buys New Holdings in Waste Connections, Inc. (NYSE:WCN)

Oddo BHF Asset Management Sas acquired a new stake in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,932 shares of the business services provider's stock, valued at approximately $2,849,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. American Trust raised its position in shares of Waste Connections by 3.7% in the second quarter. American Trust now owns 1,573 shares of the business services provider's stock valued at $276,000 after purchasing an additional 56 shares during the period. GAMMA Investing LLC grew its stake in Waste Connections by 15.0% in the 3rd quarter. GAMMA Investing LLC now owns 529 shares of the business services provider's stock valued at $95,000 after buying an additional 69 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in Waste Connections by 8.8% during the 2nd quarter. First Horizon Advisors Inc. now owns 916 shares of the business services provider's stock valued at $161,000 after acquiring an additional 74 shares during the period. Benjamin F. Edwards & Company Inc. lifted its position in shares of Waste Connections by 1.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 5,966 shares of the business services provider's stock worth $1,047,000 after acquiring an additional 82 shares in the last quarter. Finally, Continuum Advisory LLC lifted its position in shares of Waste Connections by 58.0% during the third quarter. Continuum Advisory LLC now owns 226 shares of the business services provider's stock worth $42,000 after acquiring an additional 83 shares in the last quarter. 86.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Stifel Nicolaus boosted their price objective on Waste Connections from $205.00 to $212.00 and gave the company a "buy" rating in a research note on Wednesday. Oppenheimer lifted their target price on Waste Connections from $192.00 to $195.00 and gave the company an "outperform" rating in a report on Friday. Raymond James lowered their price target on shares of Waste Connections from $208.00 to $205.00 and set a "strong-buy" rating on the stock in a report on Friday, October 25th. Eight Capital upgraded shares of Waste Connections to a "hold" rating in a research report on Wednesday, October 9th. Finally, BMO Capital Markets decreased their target price on shares of Waste Connections from $198.00 to $196.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $199.88.

Waste Connections Price Performance

WCN stock traded down $4.29 during mid-day trading on Friday, hitting $179.95. 2,051,332 shares of the stock were exchanged, compared to its average volume of 889,496. The business has a fifty day moving average price of $184.12 and a 200 day moving average price of $180.01. Waste Connections, Inc. has a 12 month low of $144.69 and a 12 month high of $194.83. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a market capitalization of $46.44 billion, a price-to-earnings ratio of 49.43, a PEG ratio of 3.08 and a beta of 0.74.

Waste Connections (NYSE:WCN - Get Free Report) last released its earnings results on Wednesday, October 23rd. The business services provider reported $1.35 earnings per share for the quarter, topping analysts' consensus estimates of $1.30 by $0.05. Waste Connections had a return on equity of 15.43% and a net margin of 10.81%. The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter in the previous year, the company posted $1.17 EPS. Waste Connections's quarterly revenue was up 13.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Waste Connections, Inc. will post 4.84 EPS for the current year.

Waste Connections Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th were paid a $0.315 dividend. This is a boost from Waste Connections's previous quarterly dividend of $0.29. The ex-dividend date was Thursday, November 7th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.70%. Waste Connections's dividend payout ratio is 34.62%.

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.