Caisse DE Depot ET Placement DU Quebec Has $67.05 Million Stock Holdings in Waste Connections, Inc. (NYSE:WCN)

Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 3.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 391,062 shares of the business services provider's stock after buying an additional 11,881 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.15% of Waste Connections worth $67,054,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Principal Financial Group Inc. boosted its holdings in Waste Connections by 307.1% in the third quarter. Principal Financial Group Inc. now owns 1,927,155 shares of the business services provider's stock worth $344,615,000 after purchasing an additional 1,453,733 shares in the last quarter. Barclays PLC increased its holdings in shares of Waste Connections by 34.3% during the 3rd quarter. Barclays PLC now owns 303,040 shares of the business services provider's stock valued at $54,190,000 after acquiring an additional 77,466 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Waste Connections in the 3rd quarter valued at approximately $1,586,000. Wilmington Savings Fund Society FSB acquired a new stake in Waste Connections in the 3rd quarter worth approximately $188,000. Finally, Tidal Investments LLC boosted its position in Waste Connections by 2.0% during the third quarter. Tidal Investments LLC now owns 7,786 shares of the business services provider's stock worth $1,392,000 after purchasing an additional 151 shares during the period. 86.09% of the stock is currently owned by hedge funds and other institutional investors.

Waste Connections Trading Up 0.2 %

NYSE:WCN traded up $0.45 during mid-day trading on Tuesday, hitting $198.37. The company had a trading volume of 703,632 shares, compared to its average volume of 972,467. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market cap of $51.25 billion, a P/E ratio of 83.00, a P/E/G ratio of 3.07 and a beta of 0.66. The business's fifty day moving average is $191.90 and its two-hundred day moving average is $185.61. Waste Connections, Inc. has a fifty-two week low of $160.34 and a fifty-two week high of $201.66.

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

Waste Connections Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Wednesday, May 7th will be issued a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend is Wednesday, May 7th. Waste Connections's payout ratio is 51.85%.

Analysts Set New Price Targets

WCN has been the subject of a number of recent analyst reports. Scotiabank upped their price target on shares of Waste Connections from $192.00 to $207.00 and gave the company a "sector perform" rating in a report on Tuesday, April 8th. Truist Financial set a $220.00 price target on Waste Connections in a research report on Friday, April 25th. Royal Bank of Canada restated an "outperform" rating and issued a $221.00 price objective on shares of Waste Connections in a research note on Friday, April 25th. BMO Capital Markets upped their target price on shares of Waste Connections from $214.00 to $216.00 and gave the company an "outperform" rating in a research note on Friday, April 25th. Finally, William Blair assumed coverage on shares of Waste Connections in a research report on Thursday, April 3rd. They issued an "outperform" rating on the stock. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $208.21.

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.