Union Bancaire Privee UBP SA Has $2.38 Million Position in Waste Connections, Inc. $WCN

Union Bancaire Privee UBP SA increased its holdings in shares of Waste Connections, Inc. (NYSE:WCN) by 28.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,531 shares of the business services provider’s stock after purchasing an additional 3,177 shares during the period. Union Bancaire Privee UBP SA’s holdings in Waste Connections were worth $2,381,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of WCN. Integrated Wealth Concepts LLC bought a new stake in Waste Connections during the 1st quarter worth approximately $577,000. Frank Rimerman Advisors LLC bought a new position in Waste Connections in the second quarter valued at approximately $353,000. FUKOKU MUTUAL LIFE INSURANCE Co acquired a new position in shares of Waste Connections in the second quarter valued at approximately $262,000. Personal CFO Solutions LLC boosted its holdings in shares of Waste Connections by 10.8% in the second quarter. Personal CFO Solutions LLC now owns 4,813 shares of the business services provider’s stock valued at $899,000 after buying an additional 469 shares during the period. Finally, Swiss National Bank increased its position in shares of Waste Connections by 7.5% during the second quarter. Swiss National Bank now owns 782,145 shares of the business services provider’s stock worth $146,042,000 after acquiring an additional 54,400 shares in the last quarter. 86.09% of the stock is currently owned by institutional investors and hedge funds.

Waste Connections Stock Down 1.3%

Waste Connections stock opened at $162.76 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.07. Waste Connections, Inc. has a 1-year low of $155.65 and a 1-year high of $201.66. The company has a fifty day simple moving average of $167.13 and a 200 day simple moving average of $171.28. The company has a market cap of $41.54 billion, a P/E ratio of 39.03, a price-to-earnings-growth ratio of 2.83 and a beta of 0.62.

Waste Connections (NYSE:WCN) last issued its quarterly earnings results on Wednesday, February 11th. The business services provider reported $1.29 EPS for the quarter, topping the consensus estimate of $1.28 by $0.01. The firm had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.37 billion. Waste Connections had a net margin of 11.37% and a return on equity of 16.25%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.16 EPS. Research analysts anticipate that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Wednesday, February 25th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Wednesday, February 25th. Waste Connections’s dividend payout ratio (DPR) is currently 33.57%.

Analyst Ratings Changes

Several research firms recently commented on WCN. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $210.00 price objective (down from $219.00) on shares of Waste Connections in a research report on Tuesday, February 17th. UBS Group set a $205.00 target price on Waste Connections in a report on Monday, January 5th. Oppenheimer restated an “outperform” rating and issued a $205.00 price target (down from $206.00) on shares of Waste Connections in a report on Friday, January 23rd. Scotiabank set a $197.00 price objective on Waste Connections and gave the stock a “sector outperform” rating in a research report on Friday, February 13th. Finally, BNP Paribas Exane started coverage on Waste Connections in a report on Tuesday, January 6th. They set an “outperform” rating for the company. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Waste Connections has a consensus rating of “Buy” and an average price target of $203.52.

About Waste Connections

Waste Connections (NYSE: WCN) is a North American integrated waste services company that provides a range of solid waste and environmental services to municipal, commercial, industrial and residential customers. The company offers collection, transportation, transfer, disposal and recycling services, and operates an extensive network of transfer stations and disposal facilities. Waste Connections positions itself as a provider of infrastructure-driven waste solutions across many regions of the United States and Canada.

The company’s operating activities include routine curbside and commercial collection, roll-off and container services, operation of landfills and transfer stations, and recycling and resource recovery programs.