Waste Connections, Inc. (NYSE:WCN) Shares Bought by Groupama Asset Managment

Groupama Asset Managment lifted its holdings in Waste Connections, Inc. (NYSE:WCN) by 51.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,936 shares of the business services provider’s stock after purchasing an additional 10,566 shares during the quarter. Groupama Asset Managment’s holdings in Waste Connections were worth $5,295,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of WCN. Manchester Capital Management LLC acquired a new position in Waste Connections during the 4th quarter valued at about $26,000. Private Trust Co. NA boosted its holdings 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 acquiring an additional 92 shares in the last quarter. Stonebridge Financial Group LLC acquired a new position in shares of Waste Connections during the fourth quarter valued at approximately $27,000. Smartleaf Asset Management LLC raised its holdings in Waste Connections by 59.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider’s stock worth $33,000 after purchasing an additional 71 shares in the last quarter. Finally, Sierra Ocean LLC bought a new stake in Waste Connections during the fourth quarter worth approximately $39,000. 86.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on WCN shares. StockNews.com cut Waste Connections from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. CIBC lowered their target price on Waste Connections from $215.00 to $212.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. Truist Financial reiterated a “buy” rating and issued a $210.00 price target (up from $200.00) on shares of Waste Connections in a research report on Friday, February 14th. Scotiabank reduced their price objective on shares of Waste Connections from $196.00 to $192.00 and set a “sector perform” rating for the company in a research report on Monday, January 27th. Finally, Oppenheimer boosted their target price on shares of Waste Connections from $192.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $202.43.

Waste Connections Trading Up 0.7 %

Waste Connections stock opened at $196.50 on Wednesday. Waste Connections, Inc. has a one year low of $160.34 and a one year high of $197.74. The company’s fifty day moving average price is $187.82 and its two-hundred day moving average price is $183.03. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market capitalization of $50.77 billion, a price-to-earnings ratio of 82.22, a PEG ratio of 3.07 and a beta of 0.81.

Waste Connections (NYSE:WCN) last issued its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.16 EPS for the quarter, missing analysts’ consensus estimates 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, analysts forecast that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were given a $0.315 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.26 annualized dividend and a dividend yield of 0.64%. Waste Connections’s dividend payout ratio is 52.72%.

Waste Connections 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.