BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 246,228 Shares of Waste Connections, Inc. (NYSE:WCN)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its position in Waste Connections, Inc. (NYSE:WCN - Free Report) by 19.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,013,084 shares of the business services provider's stock after selling 246,228 shares during the period. Waste Connections comprises 1.0% of BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings, making the stock its 15th largest position. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.39% of Waste Connections worth $173,587,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Continuum Advisory LLC boosted its position in Waste Connections by 36.3% during the fourth quarter. Continuum Advisory LLC now owns 308 shares of the business services provider's stock worth $53,000 after purchasing an additional 82 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Waste Connections by 18.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,163,790 shares of the business services provider's stock valued at $199,683,000 after purchasing an additional 183,540 shares during the period. Voloridge Investment Management LLC lifted its stake in shares of Waste Connections by 9.3% during the 4th quarter. Voloridge Investment Management LLC now owns 563,799 shares of the business services provider's stock worth $96,737,000 after buying an additional 47,955 shares during the last quarter. Waverly Advisors LLC acquired a new stake in shares of Waste Connections during the 4th quarter worth about $289,000. Finally, Worldquant Millennium Advisors LLC bought a new stake in shares of Waste Connections during the 4th quarter worth about $208,000. Institutional investors own 86.09% of the company's stock.

Waste Connections Price Performance

Shares of WCN traded up $1.76 during trading hours on Monday, hitting $196.67. 859,473 shares of the company were exchanged, compared to its average volume of 1,006,335. 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 fifty-two week low of $160.34 and a fifty-two week high of $201.66. The company has a market cap of $50.81 billion, a price-to-earnings ratio of 82.29, a P/E/G ratio of 3.07 and a beta of 0.66. The firm's fifty day moving average is $193.58 and its 200 day moving average is $187.01.

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, topping analysts' consensus estimates of $1.07 by $0.06. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.22 billion. Waste Connections had a net margin of 6.92% and a return on equity of 15.54%. The business's revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.04 earnings per share. On average, equities analysts anticipate that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 7th were paid a $0.315 dividend. The ex-dividend date was Wednesday, May 7th. This represents a $1.26 annualized dividend and a dividend yield of 0.64%. Waste Connections's payout ratio is 51.85%.

Wall Street Analysts Forecast Growth

WCN has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their price target on shares of Waste Connections from $197.00 to $230.00 and gave the company an "overweight" rating in a report on Friday. Truist Financial set a $220.00 target price on Waste Connections in a research note on Friday, April 25th. William Blair assumed coverage on Waste Connections in a report on Thursday, April 3rd. They set an "outperform" rating for the company. Seaport Res Ptn raised Waste Connections to a "strong-buy" rating in a report on Tuesday, May 6th. Finally, Citigroup increased their price objective on Waste Connections from $209.00 to $212.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 29th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $212.23.

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.