Aigen Investment Management LP Has $1.18 Million Holdings in Waste Connections, Inc. (NYSE:WCN)

Aigen Investment Management LP cut its position in Waste Connections, Inc. (NYSE:WCN) by 69.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,851 shares of the business services provider’s stock after selling 15,482 shares during the period. Aigen Investment Management LP’s holdings in Waste Connections were worth $1,175,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Proficio Capital Partners LLC acquired a new position in shares of Waste Connections during the fourth quarter worth approximately $387,000. Charles Schwab Investment Management Inc. lifted its holdings in Waste Connections by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 582,597 shares of the business services provider’s stock valued at $99,896,000 after buying an additional 18,262 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in Waste Connections by 30.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,521 shares of the business services provider’s stock valued at $604,000 after buying an additional 829 shares during the period. Jones Financial Companies Lllp lifted its holdings in Waste Connections by 60.3% in the fourth quarter. Jones Financial Companies Lllp now owns 2,438 shares of the business services provider’s stock valued at $418,000 after buying an additional 917 shares during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Waste Connections in the fourth quarter valued at approximately $51,000. 86.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on WCN shares. Citigroup increased 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. StockNews.com lowered shares of Waste Connections from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Oppenheimer increased their price objective on shares of Waste Connections from $192.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Scotiabank cut their price objective 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, Stifel Nicolaus increased their price objective on shares of Waste Connections from $205.00 to $212.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Four equities research 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.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $202.43.

Waste Connections Stock Performance

Shares of WCN opened at $190.12 on Thursday. Waste Connections, Inc. has a 12 month low of $160.34 and a 12 month high of $194.83. The firm has a fifty day simple moving average of $182.14 and a 200 day simple moving average of $182.49. The stock has a market capitalization of $49.06 billion, a price-to-earnings ratio of 79.55, a PEG ratio of 3.07 and a beta of 0.81. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.03.

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%. Research analysts forecast that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Announces Dividend

The company also recently declared 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. This represents a $1.26 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Thursday, February 27th. Waste Connections’s dividend payout ratio is currently 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.