Waste Connections, Inc. $WCN Stock Holdings Increased by Capital Fund Management S.A.

Capital Fund Management S.A. grew its position in Waste Connections, Inc. (NYSE:WCN) by 54.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,206 shares of the business services provider’s stock after acquiring an additional 20,851 shares during the quarter. Capital Fund Management S.A.’s holdings in Waste Connections were worth $10,408,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new stake in shares of Waste Connections during the first quarter worth $577,000. Savant Capital LLC lifted its position in shares of Waste Connections by 20.6% in the 2nd quarter. Savant Capital LLC now owns 3,853 shares of the business services provider’s stock worth $719,000 after buying an additional 658 shares during the last quarter. Vestmark Advisory Solutions Inc. acquired a new position in shares of Waste Connections in the 2nd quarter valued at about $382,000. Vise Technologies Inc. acquired a new position in shares of Waste Connections in the 2nd quarter valued at about $1,296,000. Finally, CENTRAL TRUST Co grew its position in shares of Waste Connections by 6.3% during the 2nd quarter. CENTRAL TRUST Co now owns 8,221 shares of the business services provider’s stock valued at $1,535,000 after buying an additional 484 shares during the last quarter. 86.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. BNP Paribas Exane started coverage on Waste Connections in a research report on Tuesday, January 6th. They set an “outperform” rating on the stock. UBS Group set a $205.00 price objective on Waste Connections in a research note on Monday, January 5th. Citigroup reaffirmed a “neutral” rating and issued a $183.00 target price (down from $196.00) on shares of Waste Connections in a research report on Friday, January 16th. TD Cowen cut their target price on Waste Connections from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. Finally, Morgan Stanley set a $205.00 price target on shares of Waste Connections and gave the stock an “overweight” rating in a research report on Friday, February 13th. Four research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $203.75.

Waste Connections Trading Up 0.2%

Shares of Waste Connections stock opened at $167.05 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.07. The firm has a market cap of $42.71 billion, a price-to-earnings ratio of 40.06, a price-to-earnings-growth ratio of 2.86 and a beta of 0.62. The business has a fifty day simple moving average of $167.80 and a 200-day simple moving average of $172.04. Waste Connections, Inc. has a fifty-two week low of $155.65 and a fifty-two week high of $201.66.

Waste Connections (NYSE:WCN) last released its earnings results 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. Waste Connections had a net margin of 11.37% and a return on equity of 16.25%. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.37 billion. During the same period in the prior year, the business earned $1.16 earnings per share. The business’s quarterly revenue was up 5.0% on a year-over-year basis. On average, equities analysts forecast that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Dividend Announcement

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

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.