Envestnet Portfolio Solutions Inc. Has $2.43 Million Position in Waste Connections, Inc. (NYSE:WCN)

Envestnet Portfolio Solutions Inc. lowered its stake in Waste Connections, Inc. (NYSE:WCN - Free Report) by 16.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,134 shares of the business services provider's stock after selling 2,844 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Waste Connections were worth $2,425,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. boosted its position in shares of Waste Connections by 307.1% in 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 during the period. Raymond James Financial Inc. acquired a new position in shares of Waste Connections in the fourth quarter worth about $240,422,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Waste Connections by 432.6% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,259,312 shares of the business services provider's stock worth $225,078,000 after acquiring an additional 1,022,851 shares in the last quarter. National Bank of Canada FI boosted its stake in Waste Connections by 35.3% in the 3rd quarter. National Bank of Canada FI now owns 2,678,562 shares of the business services provider's stock worth $478,777,000 after purchasing an additional 699,012 shares during the period. Finally, Two Sigma Advisers LP grew its position in Waste Connections by 199.4% during the 3rd quarter. Two Sigma Advisers LP now owns 591,250 shares of the business services provider's stock worth $105,727,000 after purchasing an additional 393,763 shares in the last quarter. 86.09% of the stock is currently owned by institutional investors and hedge funds.

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Waste Connections Stock Performance

WCN traded up $2.14 during midday trading on Tuesday, reaching $193.07. The company's stock had a trading volume of 891,754 shares, compared to its average volume of 882,272. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.03. The company has a fifty day simple moving average of $185.88 and a 200 day simple moving average of $182.65. The stock has a market cap of $49.83 billion, a P/E ratio of 80.78, a PEG ratio of 3.07 and a beta of 0.81. Waste Connections, Inc. has a twelve month low of $160.34 and a twelve month high of $194.83.

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

Waste Connections Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were given a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend was Thursday, February 27th. Waste Connections's dividend payout ratio (DPR) is presently 52.72%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on WCN shares. Jefferies Financial Group dropped their price target on Waste Connections from $225.00 to $210.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th. Truist Financial reaffirmed a "buy" rating and set a $210.00 price objective (up from $200.00) on shares of Waste Connections in a research report on Friday, February 14th. Citigroup increased their target price on shares of Waste Connections from $195.00 to $196.00 and gave the stock a "neutral" rating in a research report on Monday, January 13th. Scotiabank decreased their target price on shares of Waste Connections from $196.00 to $192.00 and set a "sector perform" rating for the company in a research note on Monday, January 27th. Finally, Stifel Nicolaus increased their price objective on Waste Connections from $205.00 to $212.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Waste Connections has an average rating of "Moderate Buy" and an average target price of $202.43.

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.