Fox Run Management L.L.C. Purchases 3,031 Shares of Waste Connections, Inc. (NYSE:WCN)

Fox Run Management L.L.C. boosted its position in shares of Waste Connections, Inc. (NYSE:WCN) by 77.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 6,966 shares of the business services provider’s stock after buying an additional 3,031 shares during the quarter. Fox Run Management L.L.C.’s holdings in Waste Connections were worth $1,195,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Private Trust Co. NA raised its position in Waste Connections by 153.3% during the fourth quarter. Private Trust Co. NA now owns 152 shares of the business services provider’s stock worth $26,000 after acquiring an additional 92 shares in the last quarter. Manchester Capital Management LLC bought a new stake in Waste Connections during the fourth quarter worth $26,000. Stonebridge Financial Group LLC bought a new stake in Waste Connections during the fourth quarter worth $27,000. Smartleaf Asset Management LLC raised its position 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 acquiring an additional 71 shares in the last quarter. Finally, FSA Wealth Management LLC bought a new stake in Waste Connections during the third quarter worth $40,000. 86.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

WCN has been the topic of several research analyst reports. CIBC dropped their price objective on shares of Waste Connections from $215.00 to $212.00 and set an “outperform” rating on the stock in a research report on Thursday, December 19th. Citigroup increased their price objective on shares of Waste Connections from $195.00 to $196.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. Morgan Stanley increased their price objective on shares of Waste Connections from $214.00 to $219.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Scotiabank dropped their price objective on shares of Waste Connections from $196.00 to $192.00 and set a “sector perform” rating on the stock in a research report on Monday, January 27th. Finally, Stifel Nicolaus increased their price objective on shares of Waste Connections from $205.00 to $212.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. 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 stock. According to MarketBeat.com, Waste Connections has a consensus rating of “Moderate Buy” and a consensus price target of $202.43.

Waste Connections Trading Down 0.3 %

WCN stock opened at $189.35 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.65 and a current ratio of 0.65. The company’s 50-day simple moving average is $185.60 and its 200 day simple moving average is $182.62. Waste Connections, Inc. has a 52 week low of $160.34 and a 52 week high of $194.83. The company has a market capitalization of $48.86 billion, a PE ratio of 79.22, a price-to-earnings-growth ratio of 3.07 and a beta of 0.81.

Waste Connections (NYSE:WCN) last announced its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.04). Waste Connections had a return on equity of 15.54% and a net margin of 6.92%. As a group, sell-side analysts anticipate that Waste Connections, Inc. will post 5.28 earnings per share for the current year.

Waste Connections Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were paid a dividend of $0.315 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.26 dividend on an annualized basis and a yield of 0.67%. Waste Connections’s payout ratio is 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.