7,905 Shares in Waste Connections, Inc. (NYSE:WCN) Purchased by XTX Topco Ltd

XTX Topco Ltd purchased a new stake in Waste Connections, Inc. (NYSE:WCN - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 7,905 shares of the business services provider's stock, valued at approximately $1,414,000.

Several other large investors have also bought and sold shares of WCN. Cetera Investment Advisers boosted its position in Waste Connections by 64.8% in the first quarter. Cetera Investment Advisers now owns 15,759 shares of the business services provider's stock valued at $2,711,000 after buying an additional 6,198 shares in the last quarter. CWM LLC raised its position in shares of Waste Connections by 12.5% during the second quarter. CWM LLC now owns 852 shares of the business services provider's stock worth $149,000 after acquiring an additional 95 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Waste Connections by 18.4% in the second quarter. Sequoia Financial Advisors LLC now owns 4,896 shares of the business services provider's stock valued at $859,000 after acquiring an additional 761 shares during the last quarter. Wedmont Private Capital acquired a new stake in Waste Connections during the 2nd quarter valued at approximately $261,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Waste Connections by 8.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 4,336 shares of the business services provider's stock worth $760,000 after purchasing an additional 331 shares during the last quarter. 86.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WCN has been the subject of several recent analyst reports. Raymond James decreased their price objective on shares of Waste Connections from $208.00 to $205.00 and set a "strong-buy" rating for the company in a research report on Friday, October 25th. Royal Bank of Canada raised their target price on Waste Connections from $199.00 to $201.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. JPMorgan Chase & Co. reduced their price target on shares of Waste Connections from $198.00 to $197.00 and set an "overweight" rating for the company in a report on Friday, October 25th. Stifel Nicolaus restated a "buy" rating and issued a $205.00 target price (up from $200.00) on shares of Waste Connections in a research note on Friday, October 25th. Finally, CIBC upped their price target on Waste Connections from $199.00 to $215.00 and gave the stock an "outperformer" rating in a research note on Wednesday, December 4th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $198.40.

Waste Connections Stock Down 2.1 %

NYSE:WCN traded down $4.02 during trading hours on Monday, hitting $186.33. 1,034,435 shares of the company traded hands, compared to its average volume of 885,544. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.99. The company has a market cap of $48.08 billion, a PE ratio of 51.19, a PEG ratio of 3.18 and a beta of 0.74. The firm's 50-day simple moving average is $183.62 and its 200-day simple moving average is $179.70. Waste Connections, Inc. has a one year low of $137.25 and a one year high of $194.83.

Waste Connections (NYSE:WCN - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.35 earnings per share for the quarter, beating analysts' consensus estimates of $1.30 by $0.05. Waste Connections had a net margin of 10.81% and a return on equity of 15.43%. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same period last year, the firm earned $1.17 earnings per share. The firm's revenue was up 13.3% on a year-over-year basis. Equities analysts predict that Waste Connections, Inc. will post 4.84 earnings per share for the current year.

Waste Connections Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were issued a dividend of $0.315 per share. This is a positive change from Waste Connections's previous quarterly dividend of $0.29. This represents a $1.26 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Thursday, November 7th. Waste Connections's dividend payout ratio (DPR) is 34.62%.

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.