BNP Paribas Financial Markets Has $38.03 Million Holdings in Waste Connections, Inc. (NYSE:WCN)

BNP Paribas Financial Markets boosted its stake in Waste Connections, Inc. (NYSE:WCN) by 113.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 212,659 shares of the business services provider’s stock after purchasing an additional 112,888 shares during the period. BNP Paribas Financial Markets owned about 0.08% of Waste Connections worth $38,028,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Global Trust Asset Management LLC acquired a new stake in shares of Waste Connections in the third quarter valued at about $36,000. Asset Dedication LLC bought a new stake in Waste Connections in the third quarter valued at approximately $41,000. Pathway Financial Advisers LLC acquired a new stake in Waste Connections during the 1st quarter valued at approximately $43,000. Signature Resources Capital Management LLC bought a new position in Waste Connections during the 2nd quarter worth approximately $45,000. Finally, Kennebec Savings Bank bought a new position in Waste Connections during the 3rd quarter worth approximately $47,000. 86.09% of the stock is owned by institutional investors.

Waste Connections Stock Down 0.0 %

Waste Connections stock opened at $193.18 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99. The firm’s fifty day moving average price is $182.04 and its two-hundred day moving average price is $178.32. The firm has a market capitalization of $49.85 billion, a price-to-earnings ratio of 53.07, a price-to-earnings-growth ratio of 3.22 and a beta of 0.72. Waste Connections, Inc. has a 1-year low of $132.15 and a 1-year high of $194.83.

Waste Connections (NYSE:WCN) last released its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.05. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.30 billion. Waste Connections had a return on equity of 15.43% and a net margin of 10.81%. The company’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.17 EPS. On average, equities research analysts predict that Waste Connections, Inc. will post 4.84 earnings per share for the current fiscal year.

Waste Connections Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were given a $0.315 dividend. This is a positive change from Waste Connections’s previous quarterly dividend of $0.29. This represents a $1.26 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date was Thursday, November 7th. Waste Connections’s dividend payout ratio is presently 34.62%.

Analyst Upgrades and Downgrades

WCN has been the subject of several recent analyst reports. Citigroup increased their price objective on shares of Waste Connections from $190.00 to $195.00 and gave the stock a “neutral” rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. cut their price target on shares of Waste Connections from $198.00 to $197.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Eight Capital raised Waste Connections to a “hold” rating in a research report on Wednesday, October 9th. BMO Capital Markets cut their target price on Waste Connections from $198.00 to $196.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Finally, Oppenheimer raised their target price on Waste Connections from $191.00 to $194.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $195.56.

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.