2Xideas AG Grows Stock Position in Waste Connections, Inc. (NYSE:WCN)

2Xideas AG raised its position in Waste Connections, Inc. (NYSE:WCN) by 60.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,192 shares of the business services provider’s stock after buying an additional 26,437 shares during the quarter. Waste Connections comprises about 1.6% of 2Xideas AG’s holdings, making the stock its 26th largest position. 2Xideas AG’s holdings in Waste Connections were worth $12,044,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Manchester Capital Management LLC purchased a new stake in Waste Connections during the fourth quarter valued at about $26,000. Private Trust Co. NA raised its position in shares of Waste Connections by 153.3% in the fourth quarter. Private Trust Co. NA now owns 152 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 92 shares during the period. Stonebridge Financial Group LLC purchased a new stake in shares of Waste Connections during the 4th quarter valued at approximately $27,000. Aster Capital Management DIFC Ltd bought a new position in Waste Connections in the 4th quarter worth approximately $28,000. Finally, Smartleaf Asset Management LLC raised its holdings in Waste Connections by 59.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 71 shares during the period. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Stifel Nicolaus lifted their price target on Waste Connections from $205.00 to $212.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Scotiabank decreased 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. StockNews.com cut shares of Waste Connections from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Morgan Stanley raised their price target on shares of Waste Connections from $214.00 to $219.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Finally, Truist Financial restated 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. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $204.00.

Waste Connections Stock Down 5.9 %

WCN opened at $188.07 on Friday. Waste Connections, Inc. has a 12 month low of $160.34 and a 12 month high of $201.66. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.03. The business’s 50-day moving average price is $188.80 and its 200-day moving average price is $183.27. The company has a market cap of $48.59 billion, a P/E ratio of 78.69, a P/E/G ratio of 3.07 and a beta of 0.67.

Waste Connections (NYSE:WCN) last announced its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.04). Waste Connections had a net margin of 6.92% and a return on equity of 15.54%. On average, equities analysts expect that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Dividend Announcement

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

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.