Waste Connections, Inc. (NYSE:WCN) Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc lessened its stake in Waste Connections, Inc. (NYSE:WCN) by 1.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 305,368 shares of the business services provider’s stock after selling 4,517 shares during the period. Impax Asset Management Group plc owned about 0.12% of Waste Connections worth $51,789,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Manchester Capital Management LLC acquired a new stake in Waste Connections during the fourth quarter valued at $26,000. Stonebridge Financial Group LLC purchased a new stake in Waste Connections during the 4th quarter valued at about $27,000. Sierra Ocean LLC purchased a new stake in Waste Connections during the 4th quarter worth about $39,000. FSA Wealth Management LLC acquired a new stake in Waste Connections in the third quarter valued at approximately $40,000. Finally, Continuum Advisory LLC raised its stake in Waste Connections by 58.0% during the 3rd quarter. Continuum Advisory LLC now owns 226 shares of the business services provider’s stock worth $42,000 after acquiring an additional 83 shares in the last quarter. Institutional investors and hedge funds own 86.09% of the company’s stock.

Wall Street Analyst Weigh In

WCN has been the subject of several recent research reports. Truist Financial reiterated a “buy” rating and set a $210.00 target price (up previously from $200.00) on shares of Waste Connections in a research note on Friday, February 14th. Stifel Nicolaus boosted their price target on Waste Connections from $205.00 to $212.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Oppenheimer lifted their price objective on Waste Connections from $192.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. CIBC decreased their price target on shares of Waste Connections from $215.00 to $212.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. Finally, Citigroup increased their target price on Waste Connections from $195.00 to $196.00 and gave the stock a “neutral” rating in a research report on Monday, January 13th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $201.00.

Waste Connections Stock Down 0.2 %

WCN stock opened at $187.41 on Monday. Waste Connections, Inc. has a twelve month low of $160.34 and a twelve month high of $194.83. 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 has a market cap of $48.37 billion, a price-to-earnings ratio of 78.41, a P/E/G ratio of 3.07 and a beta of 0.77. The business has a 50 day moving average price of $179.73 and a two-hundred day moving average price of $182.03.

Waste Connections (NYSE:WCN) last released its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.04). Waste Connections had a net margin of 6.92% and a return on equity of 15.54%. Analysts anticipate that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be paid a $0.315 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $1.26 annualized dividend and a yield of 0.67%. Waste Connections’s dividend payout ratio (DPR) is 52.72%.

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.