MGO One Seven LLC Buys 3,780 Shares of Waste Connections, Inc. (NYSE:WCN)

MGO One Seven LLC boosted its holdings in Waste Connections, Inc. (NYSE:WCN - Free Report) by 130.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,687 shares of the business services provider's stock after acquiring an additional 3,780 shares during the period. MGO One Seven LLC's holdings in Waste Connections were worth $1,147,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Fifth Third Bancorp increased its position in Waste Connections by 8.8% during the 4th quarter. Fifth Third Bancorp now owns 705 shares of the business services provider's stock worth $121,000 after buying an additional 57 shares during the period. Jennison Associates LLC grew its stake in shares of Waste Connections by 0.4% in the fourth quarter. Jennison Associates LLC now owns 14,247 shares of the business services provider's stock valued at $2,445,000 after acquiring an additional 63 shares in the last quarter. Oarsman Capital Inc. increased its position in Waste Connections by 41.4% during the fourth quarter. Oarsman Capital Inc. now owns 222 shares of the business services provider's stock worth $38,000 after acquiring an additional 65 shares during the period. Smartleaf Asset Management LLC raised its stake in Waste Connections by 59.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider's stock worth $33,000 after purchasing an additional 71 shares in the last quarter. Finally, Inspire Advisors LLC boosted its holdings in Waste Connections by 2.3% in the 4th quarter. Inspire Advisors LLC now owns 3,943 shares of the business services provider's stock valued at $676,000 after purchasing an additional 87 shares during the period. Institutional investors and hedge funds own 86.09% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on WCN shares. Royal Bank of Canada reaffirmed an "outperform" rating and set a $221.00 target price on shares of Waste Connections in a report on Friday. William Blair began coverage on Waste Connections in a report on Thursday, April 3rd. They issued an "outperform" rating for the company. BMO Capital Markets increased their target price on Waste Connections from $214.00 to $216.00 and gave the stock an "outperform" rating in a report on Friday. StockNews.com downgraded Waste Connections from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Finally, Jefferies Financial Group cut their price objective on shares of Waste Connections from $225.00 to $210.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Waste Connections presently has a consensus rating of "Moderate Buy" and a consensus target price of $208.21.

Waste Connections Price Performance

Shares of NYSE WCN traded up $1.42 during midday trading on Tuesday, reaching $195.50. 1,205,427 shares of the company were exchanged, compared to its average volume of 976,242. Waste Connections, Inc. has a one year low of $160.34 and a one year high of $201.66. The stock has a market cap of $50.51 billion, a P/E ratio of 81.80, a PEG ratio of 3.07 and a beta of 0.67. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.03. The stock's 50-day moving average price is $191.00 and its 200-day moving average price is $185.09.

Waste Connections (NYSE:WCN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, topping analysts' consensus estimates of $1.07 by $0.06. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.22 billion. Waste Connections had a return on equity of 15.54% and a net margin of 6.92%. Waste Connections's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 EPS. On average, sell-side analysts anticipate that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 7th will be issued a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend is Wednesday, May 7th. Waste Connections's payout ratio is 51.85%.

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.