Hillsdale Investment Management Inc. Has $39.94 Million Stock Position in Waste Connections, Inc. (NYSE:WCN)

Hillsdale Investment Management Inc. raised its holdings in Waste Connections, Inc. (NYSE:WCN) by 187.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 233,064 shares of the business services provider’s stock after acquiring an additional 151,845 shares during the quarter. Waste Connections makes up about 2.0% of Hillsdale Investment Management Inc.’s portfolio, making the stock its 11th largest holding. Hillsdale Investment Management Inc.’s holdings in Waste Connections were worth $39,938,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently 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 during the period. Raymond James Financial Inc. acquired a new position in Waste Connections in the 4th quarter valued at approximately $240,422,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Waste Connections by 432.6% in the 3rd 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 acquiring an additional 1,022,851 shares during the period. National Bank of Canada FI increased its position in Waste Connections by 35.3% in 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 acquiring an additional 699,012 shares during the period. Finally, Two Sigma Advisers LP increased its position in Waste Connections by 199.4% in the 3rd quarter. Two Sigma Advisers LP now owns 591,250 shares of the business services provider’s stock valued at $105,727,000 after acquiring an additional 393,763 shares during the period. 86.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. CIBC decreased 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 report on Thursday, December 19th. Stifel Nicolaus increased their price objective on shares of Waste Connections from $205.00 to $212.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Oppenheimer increased their price objective on shares of Waste Connections from $192.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Morgan Stanley increased their price objective on shares of Waste Connections from $214.00 to $219.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Finally, Citigroup increased their price objective on shares of Waste Connections from $195.00 to $196.00 and gave the stock a “neutral” rating in a research report on Monday, January 13th. Four analysts have rated the stock with a hold rating, eleven have issued 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 an average rating of “Moderate Buy” and a consensus price target of $202.43.

Waste Connections Stock Down 0.3 %

Shares of NYSE WCN opened at $189.35 on Friday. The firm has a market cap of $48.86 billion, a PE ratio of 79.22, a P/E/G ratio of 3.07 and a beta of 0.81. Waste Connections, Inc. has a 12-month low of $160.34 and a 12-month high of $194.83. The company’s fifty day simple moving average is $185.60 and its 200 day simple moving average is $182.64. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.03.

Waste Connections (NYSE:WCN) last issued its earnings results on Wednesday, February 12th. The business services provider reported $1.16 earnings per share (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, sell-side analysts forecast that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were paid a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date was Thursday, February 27th. Waste Connections’s dividend payout ratio (DPR) is 52.72%.

About Waste Connections

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.