Scotia Capital Inc. Raises Stock Holdings in Waste Connections, Inc. (NYSE:WCN)

Scotia Capital Inc. grew its stake in Waste Connections, Inc. (NYSE:WCN - Free Report) by 12.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 340,396 shares of the business services provider's stock after buying an additional 36,544 shares during the quarter. Scotia Capital Inc. owned approximately 0.13% of Waste Connections worth $58,056,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Manchester Capital Management LLC bought a new stake in Waste Connections during the 4th quarter worth approximately $26,000. Private Trust Co. NA increased its stake in shares of Waste Connections by 153.3% in the fourth quarter. Private Trust Co. NA now owns 152 shares of the business services provider's stock worth $26,000 after purchasing an additional 92 shares in the last quarter. Stonebridge Financial Group LLC bought a new stake in shares of Waste Connections during the 4th quarter valued at $27,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Waste Connections during the 4th quarter valued at $28,000. Finally, Smartleaf Asset Management LLC lifted its stake in shares of 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 buying an additional 71 shares in the last quarter. Institutional investors own 86.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on WCN. Citigroup decreased their price target on Waste Connections from $218.00 to $209.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Morgan Stanley lifted their target price on Waste Connections from $214.00 to $219.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. CIBC lowered their price target on Waste Connections from $215.00 to $212.00 and set an "outperform" rating on the stock in a report on Thursday, December 19th. Truist Financial reaffirmed a "buy" rating and set a $210.00 price objective (up from $200.00) on shares of Waste Connections in a report on Friday, February 14th. Finally, Jefferies Financial Group lowered their target price on shares of Waste Connections from $225.00 to $210.00 and set a "buy" rating on the stock in a report on Thursday, January 30th. Four 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, Waste Connections presently has an average rating of "Moderate Buy" and a consensus price target of $204.43.

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Waste Connections Trading Up 0.1 %

Shares of NYSE:WCN traded up $0.29 during trading on Tuesday, reaching $196.08. The company's stock had a trading volume of 419,188 shares, compared to its average volume of 963,871. The stock has a market capitalization of $50.66 billion, a PE ratio of 82.04, a price-to-earnings-growth ratio of 3.07 and a beta of 0.67. Waste Connections, Inc. has a 12 month low of $160.34 and a 12 month 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 firm's 50 day simple moving average is $189.62 and its two-hundred day simple moving average is $183.89.

Waste Connections (NYSE:WCN - Get Free Report) last announced its earnings results 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 return on equity of 15.54% and a net margin of 6.92%. On average, research analysts predict that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Announces Dividend

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

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.