Aware Super Pty Ltd as trustee of Aware Super Makes New Investment in Waste Connections, Inc. (NYSE:WCN)

Aware Super Pty Ltd as trustee of Aware Super acquired a new position in shares of Waste Connections, Inc. (NYSE:WCN) during the 4th quarter, Holdings Channel reports. The firm acquired 18,645 shares of the business services provider’s stock, valued at approximately $3,199,000.

Several other institutional investors and hedge funds also recently made changes to their positions in WCN. Manchester Capital Management LLC acquired a new stake in shares of Waste Connections during the fourth quarter worth $26,000. Private Trust Co. NA raised its holdings 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 purchasing an additional 92 shares in the last quarter. Stonebridge Financial Group LLC acquired a new stake in shares of Waste Connections in the fourth quarter valued at $27,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Waste Connections in the 4th quarter worth approximately $28,000. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Waste Connections by 59.7% during the 4th 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. 86.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WCN has been the subject of a number of recent analyst reports. William Blair initiated coverage on Waste Connections in a research report on Thursday, April 3rd. They issued an “outperform” rating for the company. Scotiabank upped their price target on shares of Waste Connections from $192.00 to $207.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 8th. Jefferies Financial Group cut their target price on shares of Waste Connections from $225.00 to $210.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Truist Financial reiterated a “buy” rating and set a $210.00 price target (up previously from $200.00) on shares of Waste Connections in a report on Friday, February 14th. Finally, Morgan Stanley raised their price objective on Waste Connections from $214.00 to $219.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $204.43.

Waste Connections Stock Up 0.6 %

Shares of NYSE:WCN opened at $195.84 on Tuesday. Waste Connections, Inc. has a 12 month low of $160.34 and a 12 month high of $201.66. The firm has a market cap of $50.60 billion, a P/E ratio of 81.94, a P/E/G ratio of 3.07 and a beta of 0.67. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.03. The company’s 50-day moving average price is $189.62 and its two-hundred day moving average price is $183.89.

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

Waste Connections Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were issued a $0.315 dividend. This represents a $1.26 annualized dividend and a yield of 0.64%. The ex-dividend date was Thursday, February 27th. Waste Connections’s dividend 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.