Ameriprise Financial Inc. Has $319 Million Position in Waste Connections, Inc. (NYSE:WCN)

Ameriprise Financial Inc. cut its holdings in Waste Connections, Inc. (NYSE:WCN - Free Report) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,766,722 shares of the business services provider's stock after selling 37,357 shares during the period. Ameriprise Financial Inc. owned approximately 0.68% of Waste Connections worth $318,999,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of WCN. Vanguard Group Inc. lifted its position in Waste Connections by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 29,293,002 shares of the business services provider's stock worth $5,025,836,000 after acquiring an additional 174,121 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Waste Connections by 4.3% in the 4th quarter. Bank of Montreal Can now owns 8,644,222 shares of the business services provider's stock valued at $1,481,041,000 after buying an additional 356,798 shares in the last quarter. FIL Ltd lifted its holdings in shares of Waste Connections by 46.2% during the 4th quarter. FIL Ltd now owns 7,177,724 shares of the business services provider's stock worth $1,231,368,000 after acquiring an additional 2,269,652 shares during the period. Capital International Investors boosted its position in shares of Waste Connections by 17.8% during the 4th quarter. Capital International Investors now owns 5,949,152 shares of the business services provider's stock valued at $1,020,672,000 after acquiring an additional 899,058 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Waste Connections by 2.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,736,179 shares of the business services provider's stock valued at $984,214,000 after acquiring an additional 150,683 shares during the period. 86.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on WCN. Citigroup upped their price objective on Waste Connections from $209.00 to $212.00 and gave the company a "neutral" rating in a research note on Tuesday, April 29th. William Blair initiated coverage on Waste Connections in a research note on Thursday, April 3rd. They set an "outperform" rating for the company. StockNews.com downgraded shares of Waste Connections from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Truist Financial set a $220.00 target price on shares of Waste Connections in a research report on Friday, April 25th. Finally, Scotiabank boosted their price target on shares of Waste Connections from $192.00 to $207.00 and gave the company a "sector perform" rating in a research report on Tuesday, April 8th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $208.21.

Waste Connections Trading Down 0.1 %

Shares of WCN traded down $0.28 during trading hours on Friday, hitting $195.28. 631,254 shares of the stock traded hands, compared to its average volume of 971,137. The business has a fifty day moving average of $192.38 and a 200-day moving average of $185.88. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $50.45 billion, a PE ratio of 81.71, a price-to-earnings-growth ratio of 3.07 and a beta of 0.66. Waste Connections, Inc. has a 1-year low of $160.34 and a 1-year high of $201.66.

Waste Connections (NYSE:WCN - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.06. Waste Connections had a net margin of 6.92% and a return on equity of 15.54%. The firm had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.22 billion. During the same period last year, the firm earned $1.04 earnings per share. The business's revenue for the quarter was up 7.5% on a year-over-year basis. Analysts expect that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 7th will be issued a $0.315 dividend. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $1.26 annualized dividend and a yield of 0.65%. Waste Connections's dividend payout ratio is presently 51.85%.

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.