Union Bancaire Privee UBP SA Invests $2.60 Million in Waste Connections, Inc. (NYSE:WCN)

Union Bancaire Privee UBP SA bought a new position in Waste Connections, Inc. (NYSE:WCN) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 15,673 shares of the business services provider’s stock, valued at approximately $2,601,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Versor Investments LP boosted its holdings in Waste Connections by 75.1% during the 3rd quarter. Versor Investments LP now owns 8,221 shares of the business services provider’s stock valued at $1,470,000 after acquiring an additional 3,527 shares during the period. Blueshift Asset Management LLC purchased a new position in Waste Connections during the 3rd quarter valued at $552,000. Dynamic Technology Lab Private Ltd purchased a new position in Waste Connections during the 3rd quarter valued at $2,503,000. Barclays PLC boosted its holdings in Waste Connections by 34.3% during the 3rd quarter. Barclays PLC now owns 303,040 shares of the business services provider’s stock valued at $54,190,000 after acquiring an additional 77,466 shares during the period. Finally, Mesirow Financial Investment Management Inc. boosted its holdings in Waste Connections by 65.6% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 3,034 shares of the business services provider’s stock valued at $543,000 after acquiring an additional 1,202 shares during the period. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on WCN shares. StockNews.com cut Waste Connections from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Jefferies Financial Group dropped their price objective on Waste Connections from $225.00 to $210.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Oppenheimer boosted their price objective on Waste Connections from $192.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Truist Financial reiterated a “buy” rating and issued a $210.00 target price (up from $200.00) on shares of Waste Connections in a report on Friday, February 14th. Finally, Morgan Stanley upped their target price on Waste Connections from $214.00 to $219.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Waste Connections presently has a consensus rating of “Moderate Buy” and an average target price of $201.00.

Waste Connections Trading Down 0.2 %

WCN opened at $187.41 on Monday. The firm has a market cap of $48.37 billion, a price-to-earnings ratio of 78.41, a PEG ratio of 3.07 and a beta of 0.77. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.03. Waste Connections, Inc. has a 12 month low of $160.34 and a 12 month high of $194.83. The stock has a fifty day moving average price of $179.73 and a 200-day moving average price of $182.03.

Waste Connections (NYSE:WCN) last released its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.16 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%. As a group, equities research analysts anticipate that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 27th will be given a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a yield of 0.67%. The ex-dividend date is Thursday, February 27th. Waste Connections’s dividend payout ratio is currently 52.72%.

Waste Connections 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.