Mn Services Vermogensbeheer B.V. Acquires 3,300 Shares of Waste Connections, Inc. (NYSE:WCN)

Mn Services Vermogensbeheer B.V. lifted its holdings in Waste Connections, Inc. (NYSE:WCN) by 3.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 102,600 shares of the business services provider’s stock after buying an additional 3,300 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Waste Connections were worth $17,604,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WCN. Principal Financial Group Inc. increased its position in 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 acquiring an additional 1,453,733 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Waste Connections by 432.6% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,259,312 shares of the business services provider’s stock valued at $225,078,000 after purchasing an additional 1,022,851 shares during the last quarter. National Bank of Canada FI increased its holdings in shares of Waste Connections by 35.3% in the third 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. Connor Clark & Lunn Investment Management Ltd. raised its position in Waste Connections by 44.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,964,082 shares of the business services provider’s stock worth $351,037,000 after purchasing an additional 602,055 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its holdings 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 buying an additional 393,763 shares in the last quarter. Institutional investors and hedge funds own 86.09% of the company’s stock.

Waste Connections Stock Down 0.8 %

Shares of NYSE:WCN opened at $186.35 on Friday. The company has a 50 day moving average price of $180.70 and a two-hundred day moving average price of $182.22. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market capitalization of $48.09 billion, a PE ratio of 77.97, a PEG ratio of 3.07 and a beta of 0.77. Waste Connections, Inc. has a 52 week low of $160.34 and a 52 week high of $194.83.

Waste Connections (NYSE:WCN) last released its quarterly earnings data 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%. Analysts forecast that Waste Connections, Inc. will post 5.28 earnings per share for the current year.

Waste Connections Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th will be given a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Thursday, February 27th. Waste Connections’s dividend payout ratio is currently 52.72%.

Wall Street Analysts Forecast Growth

WCN has been the subject of several research reports. Truist Financial reissued a “buy” rating and issued a $210.00 target price (up from $200.00) on shares of Waste Connections in a research note on Friday, February 14th. Scotiabank lowered their price objective on Waste Connections from $196.00 to $192.00 and set a “sector perform” rating for the company in a research report on Monday, January 27th. Oppenheimer upped their target price on shares of Waste Connections from $192.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Stifel Nicolaus raised their target price on shares of Waste Connections from $205.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, CIBC dropped their price target 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. Five investment 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. Based on data from MarketBeat.com, Waste Connections presently has a consensus rating of “Moderate Buy” and an average price target of $201.00.

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.