Waste Connections, Inc. (NYSE:WCN) Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its stake in Waste Connections, Inc. (NYSE:WCN - Free Report) by 22.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 87,110 shares of the business services provider's stock after buying an additional 16,035 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Waste Connections were worth $15,577,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Wealth Enhancement Advisory Services LLC grew its position in Waste Connections by 3.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,005 shares of the business services provider's stock worth $689,000 after acquiring an additional 118 shares during the period. Central Pacific Bank Trust Division acquired a new position in Waste Connections in the first quarter valued at about $147,000. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Waste Connections by 27.3% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,433 shares of the business services provider's stock worth $591,000 after acquiring an additional 737 shares during the last quarter. Duality Advisers LP acquired a new position in shares of Waste Connections in the first quarter valued at approximately $686,000. Finally, Quantbot Technologies LP boosted its holdings in shares of Waste Connections by 46.6% in the 1st quarter. Quantbot Technologies LP now owns 11,505 shares of the business services provider's stock valued at $1,979,000 after buying an additional 3,659 shares in the last quarter. Hedge funds and other institutional investors own 86.09% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on WCN shares. Scotiabank assumed coverage on shares of Waste Connections in a research note on Friday, October 4th. They issued a "sector perform" rating and a $196.00 price objective for the company. Stifel Nicolaus reiterated a "buy" rating and issued a $205.00 price objective (up previously from $200.00) on shares of Waste Connections in a research note on Friday, October 25th. Truist Financial raised their target price on shares of Waste Connections from $180.00 to $200.00 and gave the stock a "buy" rating in a research report on Thursday, July 11th. Oppenheimer upped their price target on shares of Waste Connections from $191.00 to $194.00 and gave the company an "outperform" rating in a research report on Monday, October 21st. Finally, Citigroup upped their target price on shares of Waste Connections from $190.00 to $195.00 and gave the company a "neutral" rating in a report on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $195.56.

Waste Connections Trading Up 1.3 %

Shares of WCN traded up $2.41 during mid-day trading on Thursday, reaching $181.81. The company had a trading volume of 566,422 shares, compared to its average volume of 883,457. Waste Connections, Inc. has a fifty-two week low of $129.31 and a fifty-two week high of $187.54. The firm has a fifty day simple moving average of $180.88 and a 200-day simple moving average of $175.85. The stock has a market cap of $46.92 billion, a price-to-earnings ratio of 49.28, a price-to-earnings-growth ratio of 2.97 and a beta of 0.72. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99.

Waste Connections (NYSE:WCN - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.05. Waste Connections had a net margin of 10.81% and a return on equity of 15.43%. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the prior year, the business earned $1.17 earnings per share. The business'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 fiscal year.

Waste Connections Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, November 7th will be issued a dividend of $0.315 per share. This is an increase from Waste Connections's previous quarterly dividend of $0.29. This represents a $1.26 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Thursday, November 7th. Waste Connections's dividend payout ratio (DPR) is presently 31.32%.

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.