Schroder Investment Management Group Grows Position in Waste Connections, Inc. (NYSE:WCN)

Schroder Investment Management Group lifted its stake in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 44.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 401,328 shares of the business services provider's stock after purchasing an additional 123,016 shares during the quarter. Schroder Investment Management Group owned 0.16% of Waste Connections worth $68,695,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Manchester Capital Management LLC purchased a new position in Waste Connections during the 4th quarter valued at about $26,000. Private Trust Co. NA boosted its position 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 valued at $26,000 after acquiring an additional 92 shares during the period. Stonebridge Financial Group LLC purchased a new position in Waste Connections during the fourth quarter valued at approximately $27,000. Smartleaf Asset Management LLC increased its holdings in Waste Connections by 59.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider's stock worth $33,000 after acquiring an additional 71 shares during the period. Finally, Sierra Ocean LLC purchased a new stake in Waste Connections in the 4th quarter worth approximately $39,000. 86.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WCN. Stifel Nicolaus boosted their price target on shares of Waste Connections from $205.00 to $212.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. Scotiabank decreased their target price on Waste Connections from $196.00 to $192.00 and set a "sector perform" rating on the stock in a research note on Monday, January 27th. Jefferies Financial Group lowered their price target on Waste Connections from $225.00 to $210.00 and set a "buy" rating on the stock in a report on Thursday, January 30th. CIBC cut their price objective on Waste Connections from $215.00 to $212.00 and set an "outperform" rating for the company in a report on Thursday, December 19th. Finally, Truist Financial reiterated a "buy" rating and set a $210.00 target price (up from $200.00) on shares of Waste Connections in a research report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $204.00.

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Waste Connections Trading Up 0.1 %

Shares of NYSE:WCN traded up $0.24 on Wednesday, reaching $196.75. 1,470,146 shares of the company traded hands, compared to its average volume of 921,371. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.03. Waste Connections, Inc. has a 52 week low of $160.34 and a 52 week high of $197.74. The business's 50-day simple moving average is $188.19 and its 200 day simple moving average is $183.13. The stock has a market capitalization of $50.83 billion, a P/E ratio of 82.32, a price-to-earnings-growth ratio of 3.07 and a beta of 0.81.

Waste Connections (NYSE:WCN - Get Free Report) last posted its quarterly 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 net margin of 6.92% and a return on equity of 15.54%. As a group, equities analysts anticipate that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were issued a $0.315 dividend. This represents a $1.26 annualized dividend and a yield of 0.64%. The ex-dividend date was Thursday, February 27th. Waste Connections's dividend payout ratio (DPR) 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.