Sandler Capital Management boosted its position in Waste Connections Inc (NYSE:WCN) by 100.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 387,782 shares of the business services provider’s stock after buying an additional 194,301 shares during the quarter. Waste Connections makes up about 1.6% of Sandler Capital Management’s holdings, making the stock its 7th biggest position. Sandler Capital Management owned about 0.15% of Waste Connections worth $30,933,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of WCN. TD Asset Management Inc. lifted its holdings in Waste Connections by 0.6% during the 3rd quarter. TD Asset Management Inc. now owns 5,249,729 shares of the business services provider’s stock valued at $418,216,000 after purchasing an additional 31,169 shares during the last quarter. Capital International Investors lifted its holdings in Waste Connections by 13.0% during the 3rd quarter. Capital International Investors now owns 3,714,606 shares of the business services provider’s stock valued at $296,314,000 after purchasing an additional 426,504 shares during the last quarter. Pictet Asset Management Ltd. lifted its holdings in Waste Connections by 1.5% during the 3rd quarter. Pictet Asset Management Ltd. now owns 3,113,153 shares of the business services provider’s stock valued at $247,975,000 after purchasing an additional 46,876 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Waste Connections by 4.4% during the 2nd quarter. Renaissance Technologies LLC now owns 2,976,711 shares of the business services provider’s stock valued at $224,093,000 after purchasing an additional 124,200 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in Waste Connections by 4.3% during the 2nd quarter. BlackRock Inc. now owns 2,826,679 shares of the business services provider’s stock valued at $212,793,000 after purchasing an additional 116,433 shares during the last quarter. Institutional investors own 81.72% of the company’s stock.

A number of equities analysts have weighed in on the stock. BMO Capital Markets boosted their target price on shares of Waste Connections from $86.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Oppenheimer set a $87.00 target price on shares of Waste Connections and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Zacks Investment Research raised shares of Waste Connections from a “hold” rating to a “buy” rating and set a $84.00 target price for the company in a research note on Saturday, October 13th. UBS Group set a $90.00 target price on shares of Waste Connections and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Finally, Royal Bank of Canada lifted their price target on shares of Waste Connections from $84.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 31st. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $86.09.

NYSE WCN traded up $0.38 during trading on Thursday, reaching $77.93. 6,785 shares of the stock traded hands, compared to its average volume of 768,913. The stock has a market cap of $20.33 billion, a P/E ratio of 36.03, a P/E/G ratio of 2.63 and a beta of 0.14. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 1.25. Waste Connections Inc has a fifty-two week low of $65.06 and a fifty-two week high of $81.36.

Waste Connections (NYSE:WCN) last issued its quarterly earnings data on Monday, October 29th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.01. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Waste Connections had a net margin of 15.14% and a return on equity of 10.07%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.60 earnings per share. Analysts predict that Waste Connections Inc will post 2.51 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 27th. Investors of record on Tuesday, November 13th were issued a dividend of $0.16 per share. The ex-dividend date was Friday, November 9th. This represents a $0.64 dividend on an annualized basis and a yield of 0.82%. This is a boost from Waste Connections’s previous quarterly dividend of $0.14. Waste Connections’s payout ratio is currently 29.63%.

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About Waste Connections

Waste Connections, Inc, a solid waste services company, provides waste collection, transfer, disposal, and recycling services in the United States and Canada. The company operates through six segments: Southern, Western, Eastern, Canada, Central, and Exploration and Production (E&P). It offers collection services to residential, commercial, municipal, industrial, and E&P customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, office paper, plastic containers, glass bottles, and ferrous and aluminum metals.

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Institutional Ownership by Quarter for Waste Connections (NYSE:WCN)

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