Trium Capital LLP Invests $743,000 in Waste Connections, Inc. (NYSE:WCN)

Trium Capital LLP acquired a new stake in Waste Connections, Inc. (NYSE:WCN - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 4,331 shares of the business services provider's stock, valued at approximately $743,000. Waste Connections comprises approximately 0.1% of Trium Capital LLP's investment portfolio, making the stock its 23rd biggest holding.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Global Trust Asset Management LLC acquired a new position in shares of Waste Connections during the third quarter worth approximately $36,000. FSA Wealth Management LLC bought a new position in Waste Connections in the 3rd quarter worth approximately $40,000. Asset Dedication LLC acquired a new position in Waste Connections during the 3rd quarter worth $41,000. Continuum Advisory LLC boosted its position in Waste Connections by 58.0% in the 3rd quarter. Continuum Advisory LLC now owns 226 shares of the business services provider's stock valued at $42,000 after buying an additional 83 shares during the last quarter. Finally, Kennebec Savings Bank acquired a new stake in shares of Waste Connections in the 3rd quarter valued at $47,000. Institutional investors and hedge funds own 86.09% of the company's stock.

Waste Connections Stock Up 0.2 %

Shares of WCN traded up $0.32 on Friday, hitting $178.45. The company's stock had a trading volume of 659,375 shares, compared to its average volume of 1,029,033. The firm's fifty day moving average price is $181.10 and its 200-day moving average price is $180.83. Waste Connections, Inc. has a fifty-two week low of $146.51 and a fifty-two week high of $194.83. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $46.05 billion, a price-to-earnings ratio of 49.03, a P/E/G ratio of 2.61 and a beta of 0.76.

Waste Connections (NYSE:WCN - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.35 earnings per share for the quarter, beating 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 analysts' expectations of $2.30 billion. During the same quarter in the prior year, the company earned $1.17 earnings per share. The business's quarterly revenue was up 13.3% compared to the same quarter last year. On average, equities research analysts expect that Waste Connections, Inc. will post 4.84 EPS for the current year.

Waste Connections Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were paid a $0.315 dividend. This is an increase from Waste Connections's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $1.26 annualized dividend and a dividend yield of 0.71%. Waste Connections's dividend payout ratio (DPR) is currently 34.62%.

Analyst Ratings Changes

Several equities analysts recently issued reports on WCN shares. JPMorgan Chase & Co. decreased their price target on Waste Connections from $198.00 to $197.00 and set an "overweight" rating on the stock in a report on Friday, October 25th. Royal Bank of Canada raised their target price on shares of Waste Connections from $199.00 to $201.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Eight Capital raised shares of Waste Connections to a "hold" rating in a research note on Wednesday, October 9th. Scotiabank assumed coverage on shares of Waste Connections in a report on Friday, October 4th. They issued a "sector perform" rating and a $196.00 price objective on the stock. Finally, Oppenheimer lifted their target price on shares of Waste Connections from $192.00 to $195.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Waste Connections has a consensus rating of "Moderate Buy" and an average price target of $199.75.

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.