Fiera Capital Corp Acquires 233,400 Shares of Waste Connections, Inc. $WCN

Fiera Capital Corp increased its holdings in Waste Connections, Inc. (NYSE:WCN) by 9.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,694,480 shares of the business services provider’s stock after purchasing an additional 233,400 shares during the period. Waste Connections makes up 1.5% of Fiera Capital Corp’s investment portfolio, making the stock its 16th biggest holding. Fiera Capital Corp owned 1.05% of Waste Connections worth $473,518,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Lido Advisors LLC increased its holdings in shares of Waste Connections by 2.1% during the 2nd quarter. Lido Advisors LLC now owns 2,949 shares of the business services provider’s stock valued at $551,000 after acquiring an additional 61 shares during the last quarter. Legacy Wealth Asset Management LLC boosted its position in Waste Connections by 0.8% during the third quarter. Legacy Wealth Asset Management LLC now owns 7,895 shares of the business services provider’s stock worth $1,388,000 after purchasing an additional 61 shares during the period. Valeo Financial Advisors LLC boosted its position in Waste Connections by 1.6% during the second quarter. Valeo Financial Advisors LLC now owns 4,052 shares of the business services provider’s stock worth $757,000 after purchasing an additional 63 shares during the period. Parr Mcknight Wealth Management Group LLC grew its holdings in Waste Connections by 1.1% during the second quarter. Parr Mcknight Wealth Management Group LLC now owns 6,853 shares of the business services provider’s stock valued at $1,280,000 after purchasing an additional 72 shares during the last quarter. Finally, Atria Investments Inc raised its position in shares of Waste Connections by 1.0% in the second quarter. Atria Investments Inc now owns 8,016 shares of the business services provider’s stock valued at $1,497,000 after purchasing an additional 81 shares during the period. 86.09% of the stock is owned by institutional investors and hedge funds.

Waste Connections Price Performance

Shares of NYSE:WCN opened at $166.07 on Friday. The firm has a market capitalization of $42.46 billion, a PE ratio of 39.83, a PEG ratio of 2.79 and a beta of 0.62. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.07. Waste Connections, Inc. has a 1-year low of $155.65 and a 1-year high of $201.66. The business’s 50 day moving average is $170.20 and its 200-day moving average is $173.93.

Waste Connections (NYSE:WCN) last issued its earnings results on Wednesday, February 11th. The business services provider reported $1.29 EPS for the quarter, topping the consensus estimate of $1.28 by $0.01. Waste Connections had a return on equity of 16.25% and a net margin of 11.37%.The firm had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.37 billion. During the same period last year, the business earned $1.16 earnings per share. Waste Connections’s quarterly revenue was up 5.0% compared to the same quarter last year. Sell-side analysts predict that Waste Connections, Inc. will post 5.28 earnings per share for the current year.

Waste Connections Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Wednesday, February 25th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, February 25th. Waste Connections’s payout ratio is 33.57%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on WCN. Stifel Nicolaus set a $213.00 price objective on shares of Waste Connections and gave the stock a “buy” rating in a report on Friday, February 13th. TD Cowen decreased their price target on shares of Waste Connections from $210.00 to $200.00 and set a “buy” rating for the company in a report on Friday, February 13th. Morgan Stanley set a $205.00 price objective on Waste Connections and gave the stock an “overweight” rating in a research note on Friday, February 13th. JPMorgan Chase & Co. cut their price objective on Waste Connections from $220.00 to $210.00 and set an “overweight” rating for the company in a research report on Wednesday, January 14th. Finally, The Goldman Sachs Group assumed coverage on Waste Connections in a research report on Monday, November 24th. They issued a “buy” rating and a $202.00 price target on the stock. Four analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $203.75.

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.