Waste Connections, Inc. (NYSE:WCN) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its position in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 54.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 153,434 shares of the business services provider's stock after buying an additional 54,038 shares during the quarter. Russell Investments Group Ltd. owned 0.06% of Waste Connections worth $26,321,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC lifted its holdings in shares of Waste Connections by 34.3% in the 3rd quarter. Barclays PLC now owns 303,040 shares of the business services provider's stock valued at $54,190,000 after buying an additional 77,466 shares during the period. GAMMA Investing LLC lifted its holdings in Waste Connections by 785.1% in the fourth quarter. GAMMA Investing LLC now owns 4,682 shares of the business services provider's stock valued at $803,000 after acquiring an additional 4,153 shares during the period. TCW Group Inc. boosted its position in shares of Waste Connections by 6.7% during the 3rd quarter. TCW Group Inc. now owns 722,426 shares of the business services provider's stock worth $129,184,000 after purchasing an additional 45,215 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of Waste Connections by 6.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 72,189 shares of the business services provider's stock worth $12,909,000 after purchasing an additional 4,330 shares during the period. Finally, Douglas Lane & Associates LLC grew its stake in shares of Waste Connections by 20.9% during the 4th quarter. Douglas Lane & Associates LLC now owns 129,256 shares of the business services provider's stock worth $22,178,000 after purchasing an additional 22,310 shares during the period. Institutional investors and hedge funds own 86.09% of the company's stock.

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Waste Connections Trading Up 0.4 %

Shares of NYSE WCN traded up $0.75 on Monday, reaching $195.45. 154,327 shares of the company traded hands, compared to its average volume of 1,094,887. The stock has a market capitalization of $50.50 billion, a PE ratio of 81.78, a P/E/G ratio of 3.07 and a beta of 0.67. Waste Connections, Inc. has a fifty-two week low of $160.34 and a fifty-two week high of $201.66. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.03. The company has a 50 day moving average of $189.47 and a 200 day moving average of $183.76.

Waste Connections (NYSE:WCN - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.16 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.04). Waste Connections had a return on equity of 15.54% and a net margin of 6.92%. On average, equities research analysts forecast that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were paid a dividend of $0.315 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.26 annualized dividend and a yield of 0.64%. Waste Connections's dividend payout ratio is presently 52.72%.

Wall Street Analyst Weigh In

Several brokerages recently commented on WCN. Truist Financial reiterated a "buy" rating and issued a $210.00 price objective (up previously from $200.00) on shares of Waste Connections in a research note on Friday, February 14th. CIBC decreased their price target on Waste Connections from $215.00 to $212.00 and set an "outperform" rating on the stock in a research note on Thursday, December 19th. Scotiabank raised their price objective on Waste Connections from $192.00 to $207.00 and gave the company a "sector perform" rating in a research note on Tuesday, April 8th. William Blair assumed coverage on Waste Connections in a report on Thursday, April 3rd. They set an "outperform" rating for the company. Finally, Citigroup lowered their target price on Waste Connections from $218.00 to $209.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Waste Connections currently has a consensus rating of "Moderate Buy" and an average price target of $204.43.

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.