XTX Topco Ltd Buys 6,620 Shares of Waste Connections, Inc. (NYSE:WCN)

XTX Topco Ltd increased its stake in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 83.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,525 shares of the business services provider's stock after buying an additional 6,620 shares during the quarter. XTX Topco Ltd's holdings in Waste Connections were worth $2,492,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Mariner LLC increased its stake in Waste Connections by 6.4% in the fourth quarter. Mariner LLC now owns 50,796 shares of the business services provider's stock valued at $8,715,000 after acquiring an additional 3,042 shares during the last quarter. Altman Advisors Inc. grew its holdings in shares of Waste Connections by 1.1% during the fourth quarter. Altman Advisors Inc. now owns 11,007 shares of the business services provider's stock worth $1,889,000 after purchasing an additional 124 shares during the last quarter. Townsquare Capital LLC grew its holdings in Waste Connections by 60.6% during the 4th quarter. Townsquare Capital LLC now owns 3,221 shares of the business services provider's stock worth $553,000 after acquiring an additional 1,216 shares during the last quarter. Sterling Capital Management LLC grew its stake in shares of Waste Connections by 5.7% in the fourth quarter. Sterling Capital Management LLC now owns 24,644 shares of the business services provider's stock worth $4,228,000 after purchasing an additional 1,336 shares during the last quarter. Finally, Argent Trust Co increased its stake in shares of Waste Connections by 34.1% in the fourth quarter. Argent Trust Co now owns 4,324 shares of the business services provider's stock valued at $742,000 after buying an additional 1,100 shares during the period. Institutional investors own 86.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group dropped their price target 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. StockNews.com downgraded shares of Waste Connections from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Morgan Stanley lifted their price target on shares of Waste Connections from $214.00 to $219.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Truist Financial reissued a "buy" rating and set a $210.00 price objective (up previously from $200.00) on shares of Waste Connections in a research report on Friday, February 14th. Finally, 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. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $204.43.

Waste Connections Trading Up 0.4 %

Shares of WCN traded up $0.75 during trading hours on Friday, hitting $197.32. The company had a trading volume of 979,319 shares, compared to its average volume of 969,818. The stock's 50 day moving average price is $190.03 and its 200 day moving average price is $184.19. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.03. Waste Connections, Inc. has a 52-week low of $160.34 and a 52-week high of $201.66. The firm has a market cap of $50.98 billion, a P/E ratio of 82.56, a P/E/G ratio of 3.07 and a beta of 0.67.

Waste Connections (NYSE:WCN - Get Free Report) last posted 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 return on equity of 15.54% and a net margin of 6.92%. On average, research analysts predict that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Dividend Announcement

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