Thematics Asset Management Has $20.83 Million Stock Holdings in Waste Connections, Inc. $WCN

Thematics Asset Management lifted its stake in shares of Waste Connections, Inc. (NYSE:WCN) by 7.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 118,469 shares of the business services provider’s stock after buying an additional 8,000 shares during the period. Thematics Asset Management’s holdings in Waste Connections were worth $20,827,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Asset Dedication LLC acquired a new position in Waste Connections in the second quarter valued at about $28,000. Greykasell Wealth Strategies Inc. grew its stake in Waste Connections by 555.2% during the third quarter. Greykasell Wealth Strategies Inc. now owns 190 shares of the business services provider’s stock worth $33,000 after buying an additional 161 shares in the last quarter. AlphaCore Capital LLC bought a new position in Waste Connections in the 2nd quarter valued at about $39,000. Caldwell Trust Co bought a new position in Waste Connections in the 2nd quarter valued at about $49,000. Finally, TD Private Client Wealth LLC raised its position in shares of Waste Connections by 479.3% in the 3rd quarter. TD Private Client Wealth LLC now owns 336 shares of the business services provider’s stock valued at $59,000 after buying an additional 278 shares in the last quarter. Institutional investors own 86.09% of the company’s stock.

Waste Connections Trading Down 0.3%

Shares of Waste Connections stock opened at $166.51 on Friday. The firm has a market capitalization of $42.57 billion, a PE ratio of 39.93, a price-to-earnings-growth ratio of 2.87 and a beta of 0.62. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.07. The firm’s 50 day moving average is $167.64 and its 200 day moving average is $171.93. Waste Connections, Inc. has a 1 year low of $155.65 and a 1 year high of $201.66.

Waste Connections (NYSE:WCN) last issued its quarterly earnings data on Wednesday, February 11th. The business services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.28 by $0.01. The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.37 billion. Waste Connections had a net margin of 11.37% and a return on equity of 16.25%. The firm’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.16 EPS. Equities research analysts forecast that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Wednesday, February 25th were issued a dividend of $0.35 per share. The ex-dividend date was Wednesday, February 25th. This represents a $1.40 annualized dividend and a dividend yield of 0.8%. Waste Connections’s dividend payout ratio is 33.57%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Barclays set a $176.00 price target on shares of Waste Connections and gave the stock an “equal weight” rating in a report on Friday, February 13th. The Goldman Sachs Group assumed coverage on shares of Waste Connections in a research report on Monday, November 24th. They set a “buy” rating and a $202.00 price objective for the company. Stifel Nicolaus set a $213.00 target price on Waste Connections and gave the stock a “buy” rating in a research note on Friday, February 13th. Deutsche Bank Aktiengesellschaft set a $212.00 target price on Waste Connections in a report on Friday, February 13th. Finally, Morgan Stanley set a $205.00 price target on Waste Connections and gave the company an “overweight” rating in a research note on Friday, February 13th. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price 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.