TD Waterhouse Canada Inc. Has $47.17 Million Holdings in Waste Connections, Inc. (NYSE:WCN)

TD Waterhouse Canada Inc. trimmed its stake in Waste Connections, Inc. (NYSE:WCN - Free Report) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 277,129 shares of the business services provider's stock after selling 3,624 shares during the period. TD Waterhouse Canada Inc. owned about 0.11% of Waste Connections worth $47,171,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of WCN. Tower Research Capital LLC TRC grew its holdings in shares of Waste Connections by 136.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,539 shares of the business services provider's stock worth $950,000 after purchasing an additional 3,199 shares during the last quarter. Natixis boosted its position in Waste Connections by 2,113.7% in the fourth quarter. Natixis now owns 9,032 shares of the business services provider's stock valued at $1,550,000 after buying an additional 8,624 shares in the last quarter. Ossiam grew its stake in Waste Connections by 49.7% during the fourth quarter. Ossiam now owns 43,221 shares of the business services provider's stock worth $7,411,000 after buying an additional 14,348 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of Waste Connections by 2,215.2% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 73,809 shares of the business services provider's stock worth $12,664,000 after buying an additional 70,621 shares in the last quarter. Finally, Capital International Inc. CA increased its holdings in shares of Waste Connections by 126.1% during the fourth quarter. Capital International Inc. CA now owns 96,300 shares of the business services provider's stock worth $16,523,000 after buying an additional 53,712 shares in the last quarter. 86.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WCN has been the topic of a number of research analyst reports. William Blair began coverage on Waste Connections in a research report on Thursday, April 3rd. They set an "outperform" rating on the stock. StockNews.com cut Waste Connections from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Royal Bank of Canada reaffirmed an "outperform" rating on shares of Waste Connections in a report on Friday. Jefferies Financial Group decreased their price objective 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. Finally, Truist Financial set a $220.00 target price on shares of Waste Connections in a research note on Friday. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $206.57.

Waste Connections Trading Down 1.2 %

Shares of WCN stock traded down $2.37 during trading hours on Friday, reaching $194.35. The company had a trading volume of 1,416,406 shares, compared to its average volume of 976,390. Waste Connections, Inc. has a 1-year low of $160.34 and a 1-year high of $201.66. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market cap of $50.21 billion, a price-to-earnings ratio of 81.32, a P/E/G ratio of 3.07 and a beta of 0.67. The company has a 50 day moving average of $190.74 and a 200 day moving average of $184.85.

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

Waste Connections Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Wednesday, May 7th will be given a $0.315 dividend. The ex-dividend date is Wednesday, May 7th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.65%. Waste Connections's dividend payout ratio is 51.85%.

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.