Waste Connections, Inc. (NYSE:WCN) Shares Purchased by Schroder Investment Management Group

Schroder Investment Management Group boosted its position in Waste Connections, Inc. (NYSE:WCNFree Report) by 13.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 137,233 shares of the business services provider’s stock after purchasing an additional 16,073 shares during the period. Schroder Investment Management Group owned approximately 0.05% of Waste Connections worth $20,485,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in WCN. Royal Bank of Canada lifted its position in shares of Waste Connections by 20.5% during the 3rd quarter. Royal Bank of Canada now owns 11,294,922 shares of the business services provider’s stock valued at $1,516,908,000 after acquiring an additional 1,920,302 shares during the last quarter. TD Asset Management Inc lifted its position in shares of Waste Connections by 9.8% during the 4th quarter. TD Asset Management Inc now owns 5,715,923 shares of the business services provider’s stock valued at $856,641,000 after acquiring an additional 509,929 shares during the last quarter. 1832 Asset Management L.P. lifted its position in shares of Waste Connections by 7.3% during the 4th quarter. 1832 Asset Management L.P. now owns 4,104,003 shares of the business services provider’s stock valued at $612,605,000 after acquiring an additional 280,275 shares during the last quarter. Norges Bank acquired a new stake in shares of Waste Connections during the 4th quarter valued at $592,392,000. Finally, Mackenzie Financial Corp lifted its position in shares of Waste Connections by 57.7% during the 4th quarter. Mackenzie Financial Corp now owns 3,500,718 shares of the business services provider’s stock valued at $522,988,000 after acquiring an additional 1,281,418 shares during the last quarter. 86.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WCN. UBS Group downgraded shares of Waste Connections from a “buy” rating to a “neutral” rating and boosted their target price for the company from $170.00 to $181.00 in a research note on Thursday, February 29th. JPMorgan Chase & Co. upped their price target on shares of Waste Connections from $153.00 to $175.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. BMO Capital Markets upped their price target on shares of Waste Connections from $182.00 to $186.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Stifel Nicolaus upped their price target on shares of Waste Connections from $175.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Finally, Wells Fargo & Company increased their target price on shares of Waste Connections from $170.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. Five research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $179.94.

View Our Latest Stock Analysis on Waste Connections

Waste Connections Stock Up 1.3 %

WCN stock opened at $167.76 on Tuesday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.75 and a quick ratio of 0.75. The company has a 50-day moving average of $165.70 and a two-hundred day moving average of $159.20. Waste Connections, Inc. has a 52-week low of $126.12 and a 52-week high of $173.02. The stock has a market capitalization of $43.29 billion, a price-to-earnings ratio of 54.47, a price-to-earnings-growth ratio of 2.64 and a beta of 0.70.

Waste Connections (NYSE:WCNGet Free Report) last released its earnings results on Wednesday, April 24th. The business services provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.02. Waste Connections had a net margin of 9.70% and a return on equity of 14.66%. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter last year, the company earned $0.89 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. As a group, equities research analysts anticipate that Waste Connections, Inc. will post 4.85 EPS for the current year.

Waste Connections Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Wednesday, May 8th were given a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Tuesday, May 7th. Waste Connections’s dividend payout ratio (DPR) is presently 37.01%.

Insider Buying and Selling

In related news, Director Michael W. Harlan sold 1,500 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $167.59, for a total value of $251,385.00. Following the completion of the transaction, the director now owns 8,004 shares of the company’s stock, valued at $1,341,390.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Robert Nielsen III sold 2,000 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $166.00, for a total value of $332,000.00. Following the completion of the transaction, the senior vice president now owns 6,321 shares of the company’s stock, valued at $1,049,286. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael W. Harlan sold 1,500 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $167.59, for a total transaction of $251,385.00. Following the completion of the transaction, the director now directly owns 8,004 shares of the company’s stock, valued at approximately $1,341,390.36. The disclosure for this sale can be found here. Company insiders own 0.31% of the company’s stock.

Waste Connections Profile

(Free Report)

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.

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

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