Mackenzie Financial Corp Has $293.49 Million Stake in Waste Connections, Inc. (NYSE:WCN)

Mackenzie Financial Corp decreased its position in shares of Waste Connections, Inc. (NYSE:WCN) by 1.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,458,865 shares of the business services provider’s stock after selling 48,058 shares during the period. Mackenzie Financial Corp’s holdings in Waste Connections were worth $293,486,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Waste Connections by 31.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 32,860,475 shares of the business services provider’s stock worth $3,548,274,000 after buying an additional 7,877,959 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Waste Connections by 4.1% in the first quarter. Bank of Montreal Can now owns 10,395,783 shares of the business services provider’s stock valued at $1,181,169,000 after purchasing an additional 411,721 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Waste Connections by 2.0% in the second quarter. BlackRock Inc. now owns 6,974,734 shares of the business services provider’s stock valued at $832,992,000 after purchasing an additional 135,924 shares in the last quarter. TD Asset Management Inc. increased its holdings in shares of Waste Connections by 3.0% in the first quarter. TD Asset Management Inc. now owns 5,744,601 shares of the business services provider’s stock valued at $620,510,000 after purchasing an additional 167,730 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Waste Connections by 0.7% during the 1st quarter. JPMorgan Chase & Co. now owns 1,957,722 shares of the business services provider’s stock worth $211,395,000 after acquiring an additional 12,977 shares during the period. 79.99% of the stock is owned by institutional investors.

A number of analysts have commented on WCN shares. BMO Capital Markets lifted their target price on shares of Waste Connections from $130.00 to $134.00 and gave the stock an “outperform” rating in a report on Wednesday, July 7th. KeyCorp lifted their price target on shares of Waste Connections from $115.00 to $136.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 21st. Oppenheimer lifted their price target on shares of Waste Connections from $126.00 to $128.00 and gave the stock an “outperform” rating in a research report on Friday, July 16th. Raymond James lifted their price target on shares of Waste Connections from $143.00 to $144.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 6th. Finally, Morgan Stanley lifted their price target on shares of Waste Connections from $131.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 13th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $130.33.

Waste Connections stock opened at $127.80 on Tuesday. The firm has a market capitalization of $33.29 billion, a PE ratio of 53.47, a P/E/G ratio of 3.14 and a beta of 0.71. The company’s 50-day moving average is $126.91 and its 200-day moving average is $119.87. Waste Connections, Inc. has a fifty-two week low of $97.02 and a fifty-two week high of $133.48. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.38 and a quick ratio of 1.38.

Waste Connections (NYSE:WCN) last announced its quarterly earnings results on Wednesday, August 4th. The business services provider reported $0.81 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.04. Waste Connections had a net margin of 10.95% and a return on equity of 11.17%. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the business earned $0.60 EPS. Waste Connections’s quarterly revenue was up 17.5% on a year-over-year basis. As a group, analysts expect that Waste Connections, Inc. will post 3.15 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 1st. Investors of record on Wednesday, August 18th were paid a $0.205 dividend. The ex-dividend date of this dividend was Tuesday, August 17th. This represents a $0.82 dividend on an annualized basis and a yield of 0.64%. Waste Connections’s dividend payout ratio (DPR) is currently 31.06%.

Waste Connections Company Profile

Waste Connections, Inc engages in the provision of solid waste services. Its services include waste collection, transfer, disposal, treatment and recycling. It also provides non-hazardous exploration and production, waste treatment, recovery and disposal services. The company was founded by Ronald J.

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Institutional Ownership by Quarter for Waste Connections (NYSE:WCN)

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