M&T Bank Corp Has $5.48 Million Stock Holdings in Waste Connections, Inc. (NYSE:WCN)

M&T Bank Corp lessened its position in Waste Connections, Inc. (NYSE:WCN) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,943 shares of the business services provider’s stock after selling 1,426 shares during the quarter. M&T Bank Corp’s holdings in Waste Connections were worth $5,480,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. increased its position in shares of Waste Connections by 307.1% during the 3rd quarter. Principal Financial Group Inc. now owns 1,927,155 shares of the business services provider’s stock worth $344,615,000 after purchasing an additional 1,453,733 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Waste Connections by 432.6% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,259,312 shares of the business services provider’s stock worth $225,078,000 after purchasing an additional 1,022,851 shares during the last quarter. National Bank of Canada FI increased its position 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 worth $478,777,000 after purchasing an additional 699,012 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Waste Connections by 44.2% during 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 increased its position in shares of 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 purchasing an additional 393,763 shares during the last quarter. Institutional investors and hedge funds own 86.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on WCN. Truist Financial reaffirmed a “buy” rating and set a $210.00 price target (up previously from $200.00) on shares of Waste Connections in a research report on Friday, February 14th. StockNews.com lowered Waste Connections from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Citigroup boosted their price target on Waste Connections from $195.00 to $196.00 and gave the stock a “neutral” rating in a research report on Monday, January 13th. Scotiabank lowered their price target on Waste Connections from $196.00 to $192.00 and set a “sector perform” rating on the stock in a research report on Monday, January 27th. Finally, CIBC decreased their target price on Waste Connections from $215.00 to $212.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $202.43.

Waste Connections Stock Performance

WCN opened at $188.35 on Friday. The business has a fifty day simple moving average of $182.76 and a 200 day simple moving average of $182.55. The company has a market capitalization of $48.61 billion, a PE ratio of 78.81, a price-to-earnings-growth ratio of 3.07 and a beta of 0.81. Waste Connections, Inc. has a 1 year low of $160.34 and a 1 year high of $194.83. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.65 and a quick ratio of 0.65.

Waste Connections (NYSE:WCN) last released its earnings results on Wednesday, February 12th. The business services provider reported $1.16 earnings per share 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%. Research analysts expect that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Dividend Announcement

The business also recently announced 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. The ex-dividend date is Thursday, February 27th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.67%. Waste Connections’s payout ratio is 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.