TD Asset Management Inc. Purchases 65,795 Shares of Waste Connections, Inc. (NYSE:WCN)

TD Asset Management Inc. lifted its position in shares of Waste Connections, Inc. (NYSE:WCN) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,698,507 shares of the business services provider’s stock after purchasing an additional 65,795 shares during the quarter. TD Asset Management Inc. owned 1.43% of Waste Connections worth $634,200,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in WCN. Vanguard Group Inc. lifted its holdings in Waste Connections by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 29,293,002 shares of the business services provider’s stock worth $5,025,836,000 after acquiring an additional 174,121 shares in the last quarter. FMR LLC raised its position in shares of Waste Connections by 0.6% during the third quarter. FMR LLC now owns 5,313,725 shares of the business services provider’s stock worth $950,055,000 after purchasing an additional 30,890 shares during the period. Alphinity Investment Management Pty Ltd lifted its holdings in shares of Waste Connections by 0.9% during the 4th quarter. Alphinity Investment Management Pty Ltd now owns 3,332,826 shares of the business services provider’s stock valued at $571,846,000 after purchasing an additional 29,542 shares in the last quarter. National Bank of Canada FI lifted its holdings in shares of Waste Connections by 35.3% during the 3rd quarter. National Bank of Canada FI now owns 2,678,562 shares of the business services provider’s stock valued at $478,777,000 after purchasing an additional 699,012 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Waste Connections by 5.7% in the 4th quarter. Principal Financial Group Inc. now owns 2,036,856 shares of the business services provider’s stock valued at $349,483,000 after purchasing an additional 109,701 shares during the period. Institutional investors and hedge funds own 86.09% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. StockNews.com downgraded shares of Waste Connections from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Oppenheimer raised their price objective on shares of Waste Connections from $192.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. CIBC reduced their target price on shares of Waste Connections from $215.00 to $212.00 and set an “outperform” rating for the company in a research note on Thursday, December 19th. Citigroup increased their target price on Waste Connections from $195.00 to $196.00 and gave the stock a “neutral” rating in a report on Monday, January 13th. Finally, Truist Financial restated a “buy” rating and issued a $210.00 price target (up from $200.00) on shares of Waste Connections in a report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $202.43.

Waste Connections Trading Up 0.8 %

NYSE WCN opened at $190.88 on Tuesday. Waste Connections, Inc. has a 12 month low of $160.34 and a 12 month high of $194.83. 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 stock has a 50 day moving average of $185.88 and a 200-day moving average of $182.65. The company has a market cap of $49.26 billion, a PE ratio of 79.87, a PEG ratio of 3.07 and a beta of 0.81.

Waste Connections (NYSE:WCN) last announced 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 anticipate 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. Shareholders 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 0.66%. The ex-dividend date of this dividend was Thursday, February 27th. Waste Connections’s dividend payout ratio (DPR) is presently 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.