Waste Connections, Inc. (NYSE:WCN) Shares Bought by Natixis

Natixis lifted its stake in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 2,113.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,032 shares of the business services provider's stock after acquiring an additional 8,624 shares during the quarter. Natixis' holdings in Waste Connections were worth $1,550,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Manchester Capital Management LLC bought a new stake in Waste Connections in the fourth quarter worth about $26,000. Private Trust Co. NA grew its stake in shares of Waste Connections by 153.3% in the 4th quarter. Private Trust Co. NA now owns 152 shares of the business services provider's stock worth $26,000 after purchasing an additional 92 shares during the last quarter. Stonebridge Financial Group LLC bought a new stake in shares of Waste Connections in the 4th quarter worth approximately $27,000. Aster Capital Management DIFC Ltd acquired a new stake in Waste Connections during the fourth quarter valued at approximately $28,000. Finally, Smartleaf Asset Management LLC boosted its holdings in Waste Connections by 59.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider's stock worth $33,000 after buying an additional 71 shares in the last quarter. Institutional investors and hedge funds own 86.09% of the company's stock.

Waste Connections Stock Performance

Shares of WCN stock opened at $197.75 on Wednesday. Waste Connections, Inc. has a fifty-two week low of $160.34 and a fifty-two week high of $201.66. The stock's 50-day moving average is $190.46 and its two-hundred day moving average is $184.63. 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 $51.09 billion, a P/E ratio of 82.74, a PEG ratio of 3.07 and a beta of 0.67.

Waste Connections (NYSE:WCN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.16 earnings per share 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%. Analysts predict that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were paid a $0.315 dividend. This represents a $1.26 annualized dividend and a dividend yield of 0.64%. The ex-dividend date was Thursday, February 27th. Waste Connections's payout ratio is presently 52.72%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on WCN shares. William Blair assumed coverage on Waste Connections in a research report on Thursday, April 3rd. They set an "outperform" rating for the company. Truist Financial reaffirmed a "buy" rating and set a $210.00 target price (up from $200.00) on shares of Waste Connections in a report on Friday, February 14th. Morgan Stanley lifted their price target on Waste Connections from $214.00 to $219.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. StockNews.com lowered shares of Waste Connections from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Finally, Jefferies Financial Group dropped their target price on shares of Waste Connections from $225.00 to $210.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $204.43.

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.

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