BW Gestao de Investimentos Ltda. Acquires 13,460 Shares of Waste Connections, Inc. (NYSE:WCN)

BW Gestao de Investimentos Ltda. boosted its holdings in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 32.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 54,921 shares of the business services provider's stock after buying an additional 13,460 shares during the quarter. Waste Connections makes up approximately 0.3% of BW Gestao de Investimentos Ltda.'s investment portfolio, making the stock its 26th largest position. BW Gestao de Investimentos Ltda.'s holdings in Waste Connections were worth $9,423,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Barclays PLC grew its position in shares of Waste Connections by 34.3% in the third quarter. Barclays PLC now owns 303,040 shares of the business services provider's stock valued at $54,190,000 after purchasing an additional 77,466 shares during the last quarter. GAMMA Investing LLC grew its holdings in Waste Connections by 785.1% in the 4th quarter. GAMMA Investing LLC now owns 4,682 shares of the business services provider's stock valued at $803,000 after buying an additional 4,153 shares in the last quarter. Douglas Lane & Associates LLC increased its position in Waste Connections by 20.9% during the 4th quarter. Douglas Lane & Associates LLC now owns 129,256 shares of the business services provider's stock worth $22,178,000 after buying an additional 22,310 shares during the period. Principal Financial Group Inc. increased its position in Waste Connections by 5.7% during the 4th quarter. Principal Financial Group Inc. now owns 2,036,856 shares of the business services provider's stock worth $349,483,000 after buying an additional 109,701 shares during the period. Finally, Mechanics Bank Trust Department acquired a new stake in shares of Waste Connections during the fourth quarter worth $353,000. Institutional investors own 86.09% of the company's stock.

Waste Connections Stock Down 0.6 %

Shares of NYSE WCN traded down $1.14 during mid-day trading on Friday, reaching $194.42. 297,495 shares of the company's stock traded hands, compared to its average volume of 967,667. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.65 and a quick ratio of 0.65. Waste Connections, Inc. has a 1-year low of $160.34 and a 1-year high of $201.66. The stock has a market cap of $50.23 billion, a P/E ratio of 81.35, a PEG ratio of 3.07 and a beta of 0.66. The business has a 50-day simple moving average of $192.38 and a 200 day simple moving average of $185.88.

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

Waste Connections Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Wednesday, May 7th will be given a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date is Wednesday, May 7th. Waste Connections's payout ratio is currently 51.85%.

Wall Street Analysts Forecast Growth

WCN has been the topic of a number of recent research reports. Morgan Stanley raised their price target on shares of Waste Connections from $214.00 to $219.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Scotiabank increased their price target on Waste Connections from $192.00 to $207.00 and gave the stock a "sector perform" rating in a research report on Tuesday, April 8th. BMO Capital Markets raised their price objective on Waste Connections from $214.00 to $216.00 and gave the stock an "outperform" rating in a research note on Friday, April 25th. Royal Bank of Canada reiterated an "outperform" rating and set a $221.00 target price on shares of Waste Connections in a research report on Friday, April 25th. Finally, Truist Financial set a $220.00 price target on Waste Connections in a research report on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Waste Connections currently has a consensus rating of "Moderate Buy" and an average target price of $208.21.

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.