CIBC Private Wealth Group LLC Has $47.98 Million Stake in Waste Connections, Inc. (NYSE:WCN)

CIBC Private Wealth Group LLC decreased its position in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 272,674 shares of the business services provider's stock after selling 4,469 shares during the quarter. CIBC Private Wealth Group LLC owned about 0.11% of Waste Connections worth $47,982,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in WCN. Principal Financial Group Inc. boosted its stake in 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 valued at $344,615,000 after purchasing an additional 1,453,733 shares in the last quarter. Cerity Partners LLC grew its holdings in Waste Connections by 86.7% during the third quarter. Cerity Partners LLC now owns 10,932 shares of the business services provider's stock worth $1,955,000 after acquiring an additional 5,078 shares during the period. Algert Global LLC bought a new stake in Waste Connections in the third quarter worth about $451,000. Townsquare Capital LLC acquired a new stake in Waste Connections in the 3rd quarter valued at about $359,000. Finally, Bridgewater Associates LP bought a new position in shares of Waste Connections during the 3rd quarter valued at about $1,265,000. Institutional investors and hedge funds own 86.09% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on WCN. Morgan Stanley lifted their price target on shares of Waste Connections from $214.00 to $219.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Oppenheimer boosted their price objective on Waste Connections from $192.00 to $195.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. 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 report on Wednesday, December 11th. Truist Financial reiterated a "buy" rating and issued a $210.00 target price (up previously from $200.00) on shares of Waste Connections in a report on Friday, February 14th. Finally, Scotiabank dropped their price target on shares of 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. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $204.00.

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Waste Connections Trading Up 0.1 %

Shares of NYSE WCN traded up $0.24 during midday trading on Wednesday, hitting $196.75. The stock had a trading volume of 1,470,146 shares, compared to its average volume of 920,342. The firm has a market cap 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, Inc. has a fifty-two week low of $160.34 and a fifty-two week high of $197.74. 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 company's 50-day simple moving average is $187.82 and its 200 day simple moving average is $183.03.

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%. Research analysts anticipate that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders 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 yield of 0.64%. The ex-dividend date of this dividend was Thursday, February 27th. Waste Connections's dividend payout ratio (DPR) 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.