Waste Connections, Inc. (NYSE:WCN) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in Waste Connections, Inc. (NYSE:WCN - Free Report) by 3.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 582,597 shares of the business services provider's stock after acquiring an additional 18,262 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.23% of Waste Connections worth $99,896,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in WCN. Janney Montgomery Scott LLC grew its stake in Waste Connections by 3.5% in the third quarter. Janney Montgomery Scott LLC now owns 23,401 shares of the business services provider's stock valued at $4,185,000 after purchasing an additional 794 shares during the last quarter. Impax Asset Management Group plc bought a new position in shares of Waste Connections during the 3rd quarter worth approximately $54,800,000. Principal Financial Group Inc. raised its stake in shares of Waste Connections by 307.1% during the 3rd quarter. Principal Financial Group Inc. now owns 1,927,155 shares of the business services provider's stock worth $344,615,000 after acquiring an additional 1,453,733 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in Waste Connections during the third quarter valued at approximately $57,000. Finally, Leavell Investment Management Inc. boosted its stake in Waste Connections by 2.1% in the third quarter. Leavell Investment Management Inc. now owns 10,716 shares of the business services provider's stock valued at $1,916,000 after acquiring an additional 216 shares in the last quarter. 86.09% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on WCN shares. Morgan Stanley upped their price target on Waste Connections from $214.00 to $219.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Truist Financial reiterated a "buy" rating and issued a $210.00 price target (up from $200.00) on shares of Waste Connections in a research note on Friday, February 14th. CIBC dropped their price target on Waste Connections from $215.00 to $212.00 and set an "outperform" rating on the stock in a research note on Thursday, December 19th. Oppenheimer raised their price target on shares of Waste Connections from $192.00 to $195.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. Finally, Stifel Nicolaus upped their price objective on shares of Waste Connections from $205.00 to $212.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $202.43.

Waste Connections Price Performance

Shares of WCN stock traded up $0.01 during trading hours on Thursday, reaching $183.18. The company had a trading volume of 822,703 shares, compared to its average volume of 878,108. Waste Connections, Inc. has a 12-month low of $160.34 and a 12-month high of $194.83. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market capitalization of $47.27 billion, a price-to-earnings ratio of 76.65, a PEG ratio of 3.07 and a beta of 0.81. The stock has a fifty day moving average of $183.54 and a 200-day moving average of $182.54.

Waste Connections (NYSE:WCN - Get Free Report) last issued its earnings results on Wednesday, February 12th. The business services provider reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.04). Waste Connections had a net margin of 6.92% and a return on equity of 15.54%. On average, equities analysts anticipate that Waste Connections, Inc. will post 5.28 earnings per share for the current year.

Waste Connections Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th will be issued a dividend of $0.315 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.69%. 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.