Waste Connections, Inc. (NYSE:WCN) Shares Purchased by Headlands Technologies LLC

Headlands Technologies LLC raised its position in Waste Connections, Inc. (NYSE:WCN) by 94.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,289 shares of the business services provider’s stock after purchasing an additional 15,179 shares during the period. Waste Connections comprises about 0.5% of Headlands Technologies LLC’s investment portfolio, making the stock its 27th largest position. Headlands Technologies LLC’s holdings in Waste Connections were worth $5,369,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Barclays PLC lifted its stake in shares of Waste Connections by 34.3% during the third quarter. Barclays PLC now owns 303,040 shares of the business services provider’s stock valued at $54,190,000 after buying an additional 77,466 shares during the period. GAMMA Investing LLC lifted its stake in shares of Waste Connections by 785.1% during the 4th quarter. GAMMA Investing LLC now owns 4,682 shares of the business services provider’s stock worth $803,000 after purchasing an additional 4,153 shares during the period. TCW Group Inc. boosted its holdings in shares of Waste Connections by 6.7% during the third quarter. TCW Group Inc. now owns 722,426 shares of the business services provider’s stock worth $129,184,000 after purchasing an additional 45,215 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of Waste Connections by 6.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 72,189 shares of the business services provider’s stock valued at $12,909,000 after purchasing an additional 4,330 shares during the period. Finally, Douglas Lane & Associates LLC grew its position in shares of Waste Connections by 20.9% in the fourth quarter. Douglas Lane & Associates LLC now owns 129,256 shares of the business services provider’s stock valued at $22,178,000 after purchasing an additional 22,310 shares during the period. 86.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Jefferies Financial Group decreased their price target on Waste Connections from $225.00 to $210.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Oppenheimer boosted their target price on shares of Waste Connections from $192.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, December 13th. CIBC dropped their price target on shares of Waste Connections from $215.00 to $212.00 and set an “outperform” rating for the company in a research report on Thursday, December 19th. Stifel Nicolaus lifted their price target on shares of Waste Connections from $205.00 to $212.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, Citigroup upped their price objective on Waste Connections from $195.00 to $196.00 and gave the stock a “neutral” rating in a report on Monday, January 13th. Four 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 MarketBeat.com, Waste Connections currently has a consensus rating of “Moderate Buy” and a consensus price target of $202.43.

Waste Connections Trading Up 1.1 %

NYSE:WCN opened at $195.05 on Tuesday. The business’s 50-day moving average is $187.47 and its two-hundred day moving average is $182.95. The firm has a market capitalization of $50.39 billion, a PE ratio of 81.61, a price-to-earnings-growth ratio of 3.07 and a beta of 0.81. Waste Connections, Inc. has a 12 month low of $160.34 and a 12 month high of $195.64. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.65 and a quick ratio of 0.65.

Waste Connections (NYSE:WCN) last announced its earnings results on Wednesday, February 12th. The business services provider reported $1.16 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.04). Waste Connections had a net margin of 6.92% and a return on equity of 15.54%. Research analysts predict that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were paid 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 0.65%. Waste Connections’s dividend payout ratio (DPR) is presently 52.72%.

Waste Connections Company 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.