Mn Services Vermogensbeheer B.V. Buys 3,300 Shares of Waste Connections, Inc. (NYSE:WCN)

Mn Services Vermogensbeheer B.V. boosted its position in shares of Waste Connections, Inc. (NYSE:WCN) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,600 shares of the business services provider’s stock after purchasing an additional 3,300 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Waste Connections were worth $17,604,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Creative Planning grew its holdings in shares of Waste Connections by 2.7% during the third quarter. Creative Planning now owns 6,051 shares of the business services provider’s stock worth $1,082,000 after buying an additional 159 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of Waste Connections by 9.4% during the 3rd quarter. Private Advisor Group LLC now owns 2,738 shares of the business services provider’s stock worth $490,000 after buying an additional 235 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Waste Connections in the 3rd quarter valued at about $7,227,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Waste Connections by 5.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,575 shares of the business services provider’s stock valued at $818,000 after acquiring an additional 239 shares during the last quarter. Finally, Integrated Advisors Network LLC raised its holdings in Waste Connections by 8.2% during the third quarter. Integrated Advisors Network LLC now owns 1,481 shares of the business services provider’s stock worth $265,000 after acquiring an additional 112 shares in the last quarter. Institutional investors and hedge funds own 86.09% of the company’s stock.

Waste Connections Trading Down 0.8 %

Shares of NYSE:WCN opened at $186.35 on Friday. The stock has a market cap of $48.09 billion, a PE ratio of 77.97, a P/E/G ratio of 3.07 and a beta of 0.77. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.03. Waste Connections, Inc. has a 12-month low of $160.34 and a 12-month high of $194.83. The business has a 50 day moving average of $180.70 and a 200-day moving average of $182.22.

Waste Connections (NYSE:WCN) last released its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.16 earnings per share (EPS) 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%. As a group, equities research analysts forecast that Waste Connections, Inc. will post 5.28 earnings per share for the current year.

Waste Connections Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 27th will be paid a $0.315 dividend. The ex-dividend date is Thursday, February 27th. This represents a $1.26 annualized dividend and a dividend yield of 0.68%. Waste Connections’s dividend payout ratio (DPR) is presently 52.72%.

Analysts Set New Price Targets

WCN has been the topic of several recent analyst reports. Oppenheimer boosted their price target on Waste Connections from $192.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Stifel Nicolaus boosted their target price on shares of Waste Connections from $205.00 to $212.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Scotiabank cut their price target on shares of Waste Connections from $196.00 to $192.00 and set a “sector perform” rating for the company in a research note on Monday, January 27th. Citigroup boosted their price objective on shares of Waste Connections from $195.00 to $196.00 and gave the stock a “neutral” rating in a research note on Monday, January 13th. Finally, Morgan Stanley upped their target price on shares of Waste Connections from $214.00 to $219.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Five 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $201.00.

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.