Wellington Management Group LLP Has $683.43 Million Position in Waste Connections, Inc. (NYSE:WCN)

Wellington Management Group LLP increased its position in shares of Waste Connections, Inc. (NYSE:WCN) by 8.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,983,165 shares of the business services provider’s stock after buying an additional 310,449 shares during the quarter. Wellington Management Group LLP owned 1.54% of Waste Connections worth $683,430,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of WCN. Schroder Investment Management Group grew its stake in shares of Waste Connections by 44.2% during the 4th quarter. Schroder Investment Management Group now owns 401,328 shares of the business services provider’s stock worth $68,695,000 after acquiring an additional 123,016 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Waste Connections by 22.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 254,760 shares of the business services provider’s stock valued at $43,676,000 after purchasing an additional 46,150 shares in the last quarter. Allstate Corp acquired a new stake in Waste Connections in the 4th quarter valued at $1,316,000. DnB Asset Management AS increased its stake in Waste Connections by 0.7% in the 4th quarter. DnB Asset Management AS now owns 124,320 shares of the business services provider’s stock valued at $21,331,000 after buying an additional 905 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Waste Connections during the 4th quarter worth about $434,000. Institutional investors and hedge funds own 86.09% of the company’s stock.

Waste Connections Stock Up 1.1 %

Waste Connections stock opened at $195.05 on Tuesday. The company’s 50-day moving average price is $187.47 and its two-hundred day moving average price is $182.95. 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 stock has a market cap of $50.39 billion, a P/E ratio of 81.61, a P/E/G ratio of 3.07 and a beta of 0.81. Waste Connections, Inc. has a twelve month low of $160.34 and a twelve month high of $195.64.

Waste Connections (NYSE:WCN) last announced its 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%. As a group, analysts expect that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were given a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend was Thursday, February 27th. Waste Connections’s dividend payout ratio is 52.72%.

Analyst Ratings Changes

WCN has been the topic of several analyst reports. Oppenheimer upped their target price on Waste Connections from $192.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. CIBC dropped their price objective on Waste Connections from $215.00 to $212.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. Citigroup raised their target price 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. Jefferies Financial Group dropped their price target on shares of 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 reissued a “buy” rating and issued a $210.00 price objective (up previously from $200.00) on shares of Waste Connections in a research report on Friday, February 14th. 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 company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $202.43.

About Waste Connections

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.