Waste Connections, Inc. (NYSE:WCN) Shares Bought by Ossiam

Ossiam lifted its position in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 49.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,221 shares of the business services provider's stock after acquiring an additional 14,348 shares during the quarter. Ossiam's holdings in Waste Connections were worth $7,411,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of WCN. Norges Bank purchased a new stake in shares of Waste Connections in the fourth quarter valued at $687,935,000. FIL Ltd boosted its stake in shares of Waste Connections by 46.2% during the 4th quarter. FIL Ltd now owns 7,177,724 shares of the business services provider's stock worth $1,231,368,000 after purchasing an additional 2,269,652 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Waste Connections by 307.1% during the 3rd quarter. Principal Financial Group Inc. now owns 1,927,155 shares of the business services provider's stock worth $344,615,000 after purchasing an additional 1,453,733 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Waste Connections during the fourth quarter worth about $240,422,000. Finally, Capital International Investors raised its position in shares of Waste Connections by 17.8% in the fourth quarter. Capital International Investors now owns 5,949,152 shares of the business services provider's stock valued at $1,020,672,000 after buying an additional 899,058 shares during the last quarter. 86.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WCN has been the subject of several recent analyst reports. Scotiabank lifted their target price on shares of Waste Connections from $192.00 to $207.00 and gave the stock a "sector perform" rating in a research note on Tuesday, April 8th. William Blair assumed coverage on Waste Connections in a research note on Thursday, April 3rd. They issued an "outperform" rating for the company. Citigroup decreased their price target on Waste Connections from $218.00 to $209.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. StockNews.com downgraded shares of Waste Connections from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Finally, Truist Financial reissued a "buy" rating and issued a $210.00 target price (up from $200.00) on shares of Waste Connections in a research report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $204.43.

Waste Connections Stock Up 0.5 %

Shares of WCN traded up $1.06 during midday trading on Thursday, reaching $196.74. 1,522,459 shares of the company were exchanged, compared to its average volume of 975,883. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.03. Waste Connections, Inc. has a 1-year low of $160.34 and a 1-year high of $201.66. The company has a market cap of $50.83 billion, a price-to-earnings ratio of 82.32, a P/E/G ratio of 3.07 and a beta of 0.67. The stock has a 50-day moving average price of $190.59 and a 200-day moving average price of $184.71.

Waste Connections (NYSE:WCN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.06. Waste Connections had a net margin of 6.92% and a return on equity of 15.54%. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.22 billion. Research analysts expect that Waste Connections, Inc. will post 5.28 earnings per share for the current year.

Waste Connections Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 7th will be given a $0.315 dividend. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $1.26 dividend on an annualized basis and a yield of 0.64%. Waste Connections's payout ratio is currently 51.85%.

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.