Segall Bryant & Hamill LLC Boosts Stock Position in Waste Connections, Inc. (NYSE:WCN)

Segall Bryant & Hamill LLC raised its holdings in Waste Connections, Inc. (NYSE:WCN) by 8.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,762 shares of the business services provider’s stock after buying an additional 5,149 shares during the period. Segall Bryant & Hamill LLC’s holdings in Waste Connections were worth $11,112,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Taikang Asset Management Hong Kong Co Ltd raised its position in shares of Waste Connections by 61.2% during the 4th quarter. Taikang Asset Management Hong Kong Co Ltd now owns 3,747 shares of the business services provider’s stock worth $643,000 after acquiring an additional 1,423 shares in the last quarter. Vanguard Group Inc. increased its stake in Waste Connections by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 29,293,002 shares of the business services provider’s stock valued at $5,025,836,000 after purchasing an additional 174,121 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of Waste Connections by 26.9% in the 4th quarter. LPL Financial LLC now owns 43,564 shares of the business services provider’s stock valued at $7,475,000 after buying an additional 9,240 shares in the last quarter. Guardian Partners Inc. purchased a new position in shares of Waste Connections in the 4th quarter valued at $2,626,000. Finally, Fox Run Management L.L.C. raised its stake in Waste Connections by 77.0% during the 4th quarter. Fox Run Management L.L.C. now owns 6,966 shares of the business services provider’s stock worth $1,195,000 after acquiring an additional 3,031 shares in the last quarter. 86.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on WCN. Citigroup upped their price objective on shares of Waste Connections from $195.00 to $196.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. Oppenheimer upped their target price on Waste Connections from $192.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Stifel Nicolaus lifted their price target on Waste Connections from $205.00 to $212.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. StockNews.com downgraded Waste Connections from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Finally, Truist Financial restated a “buy” rating and set a $210.00 target price (up from $200.00) on shares of Waste Connections in a research report on Friday, February 14th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Waste Connections presently has an average rating of “Moderate Buy” and an average target price of $202.43.

Waste Connections Stock Up 1.1 %

Waste Connections stock opened at $193.07 on Wednesday. The stock’s 50 day moving average price is $186.24 and its 200 day moving average price is $182.72. Waste Connections, Inc. has a 1-year low of $160.34 and a 1-year high of $194.83. The company has a market cap of $49.83 billion, a PE ratio of 80.78, a price-to-earnings-growth ratio of 3.07 and a beta of 0.81. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.65 and a quick ratio of 0.65.

Waste Connections (NYSE:WCN) last posted 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 return on equity of 15.54% and a net margin of 6.92%. On average, sell-side analysts predict that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were issued a $0.315 dividend. The ex-dividend date was Thursday, February 27th. This represents a $1.26 dividend on an annualized basis and a yield of 0.65%. Waste Connections’s dividend payout ratio (DPR) is presently 52.72%.

Waste Connections 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.