Lingohr Asset Management GmbH Invests $240,000 in Waste Connections, Inc. (NYSE:WCN)

Lingohr Asset Management GmbH purchased a new stake in Waste Connections, Inc. (NYSE:WCN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,400 shares of the business services provider’s stock, valued at approximately $240,000.

Other hedge funds have also added to or reduced their stakes in the company. Manchester Capital Management LLC acquired a new stake in shares of Waste Connections during the 4th quarter worth about $26,000. Private Trust Co. NA raised its holdings in Waste Connections by 153.3% in the 4th quarter. Private Trust Co. NA now owns 152 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 92 shares during the period. Stonebridge Financial Group LLC acquired a new stake in Waste Connections during the fourth quarter worth approximately $27,000. Smartleaf Asset Management LLC boosted its holdings in shares of 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 during the period. Finally, Sierra Ocean LLC bought a new position in shares of Waste Connections during the fourth quarter worth approximately $39,000. Institutional investors and hedge funds own 86.09% of the company’s stock.

Waste Connections Price Performance

WCN stock opened at $190.76 on Thursday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.65 and a current ratio of 0.65. 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 $49.23 billion, a P/E ratio of 79.82, a PEG ratio of 3.07 and a beta of 0.81. The company has a fifty day moving average price of $185.02 and a 200-day moving average price of $182.57.

Waste Connections (NYSE:WCN) last announced its earnings results on Wednesday, February 12th. The business services provider reported $1.16 EPS for the quarter, missing the consensus estimate 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, equities analysts expect that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were given a dividend of $0.315 per share. The ex-dividend date was Thursday, February 27th. This represents a $1.26 dividend on an annualized basis and a yield of 0.66%. Waste Connections’s dividend payout ratio (DPR) is currently 52.72%.

Analyst Upgrades and Downgrades

WCN has been the subject of several recent research reports. Jefferies Financial Group reduced their price target on Waste Connections from $225.00 to $210.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Truist Financial restated a “buy” rating and issued a $210.00 price target (up from $200.00) on shares of Waste Connections in a research note on Friday, February 14th. Citigroup boosted their price objective on shares of Waste Connections from $195.00 to $196.00 and gave the company a “neutral” rating in a report on Monday, January 13th. Scotiabank lowered their target price on shares of Waste Connections from $196.00 to $192.00 and set a “sector perform” rating on the stock in a report on Monday, January 27th. Finally, Oppenheimer boosted their price target on Waste Connections from $192.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Four equities 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 company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $202.43.

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.