Waste Connections, Inc. (NYSE:WCN) Shares Acquired by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc lifted its stake in Waste Connections, Inc. (NYSE:WCN) by 0.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 44,182 shares of the business services provider’s stock after acquiring an additional 125 shares during the quarter. Waste Connections makes up approximately 1.2% of K.J. Harrison & Partners Inc’s investment portfolio, making the stock its 20th largest position. K.J. Harrison & Partners Inc’s holdings in Waste Connections were worth $7,500,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fifth Third Bancorp boosted its position in Waste Connections by 8.8% in the 4th quarter. Fifth Third Bancorp now owns 705 shares of the business services provider’s stock worth $121,000 after purchasing an additional 57 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of Waste Connections by 0.4% in the 4th quarter. Jennison Associates LLC now owns 14,247 shares of the business services provider’s stock valued at $2,445,000 after purchasing an additional 63 shares during the period. Continuum Advisory LLC boosted its holdings in Waste Connections by 58.0% during the third quarter. Continuum Advisory LLC now owns 226 shares of the business services provider’s stock worth $42,000 after buying an additional 83 shares in the last quarter. Kingsview Wealth Management LLC boosted its holdings in Waste Connections by 6.3% during the third quarter. Kingsview Wealth Management LLC now owns 1,515 shares of the business services provider’s stock worth $271,000 after buying an additional 90 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Waste Connections by 0.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 29,220 shares of the business services provider’s stock valued at $5,014,000 after buying an additional 92 shares during the period. 86.09% of the stock is owned by institutional investors and hedge funds.

Waste Connections Price Performance

NYSE:WCN opened at $188.08 on Thursday. Waste Connections, Inc. has a 52 week low of $160.34 and a 52 week high of $194.83. The stock’s fifty day moving average is $180.46 and its two-hundred day moving average is $182.19. The company has a market capitalization of $48.54 billion, a P/E ratio of 78.69, a P/E/G ratio of 3.07 and a beta of 0.77. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.03.

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

Waste Connections Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th will be paid a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Thursday, February 27th. Waste Connections’s dividend payout ratio (DPR) is 52.72%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on WCN. Citigroup boosted their price objective on Waste Connections from $195.00 to $196.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. Oppenheimer lifted their price objective on Waste Connections from $192.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Scotiabank cut their price objective on Waste Connections from $196.00 to $192.00 and set a “sector perform” rating for the company in a research note on Monday, January 27th. Jefferies Financial Group decreased their target price on Waste Connections from $225.00 to $210.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Finally, Truist Financial reiterated a “buy” rating and set a $210.00 price target (up from $200.00) on shares of Waste Connections in a research report on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $201.00.

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.