APG Asset Management N.V. Grows Stock Holdings in Waste Connections, Inc. (NYSE:WCN)

APG Asset Management N.V. grew its stake in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 414.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 176,593 shares of the business services provider's stock after acquiring an additional 142,243 shares during the period. APG Asset Management N.V. owned about 0.07% of Waste Connections worth $29,246,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in WCN. Manchester Capital Management LLC bought a new stake in Waste Connections during the 4th quarter worth approximately $26,000. Private Trust Co. NA increased its holdings 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 worth $26,000 after buying an additional 92 shares during the period. Stonebridge Financial Group LLC purchased a new stake in shares of Waste Connections during the fourth quarter valued at approximately $27,000. Aster Capital Management DIFC Ltd purchased a new stake in Waste Connections during the 4th quarter valued at $28,000. Finally, Smartleaf Asset Management LLC grew its holdings 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 acquiring an additional 71 shares during the last quarter. Hedge funds and other institutional investors own 86.09% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Morgan Stanley boosted their price target on Waste Connections from $214.00 to $219.00 and gave the company an "overweight" rating in a report on Friday, February 14th. William Blair assumed coverage on Waste Connections in a report on Thursday, April 3rd. They set an "outperform" rating for the company. Scotiabank boosted their price objective on shares of Waste Connections from $192.00 to $207.00 and gave the company a "sector perform" rating in a research report on Tuesday, April 8th. Citigroup dropped their target price on shares of Waste Connections from $218.00 to $209.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Finally, Truist Financial reaffirmed a "buy" rating and set a $210.00 target price (up previously from $200.00) on shares of Waste Connections in a research note on Friday, February 14th. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $204.43.

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Waste Connections Stock Up 0.0 %

Shares of WCN traded up $0.01 during trading hours on Monday, hitting $194.71. The company had a trading volume of 206,291 shares, compared to its average volume of 1,095,830. Waste Connections, Inc. has a 52-week low of $160.34 and a 52-week high of $201.66. The firm has a fifty day moving average price of $189.47 and a 200-day moving average price of $183.76. The stock has a market capitalization of $50.31 billion, a price-to-earnings ratio of 81.47, a P/E/G ratio of 3.07 and a beta of 0.67. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.65 and a current ratio of 0.65.

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%. On average, equities research analysts forecast that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were issued a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend was Thursday, February 27th. Waste Connections's payout ratio is currently 52.72%.

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.