Capital International Inc. CA Boosts Position in Waste Connections, Inc. $WCN

Key Points

• Capital International Inc. CA increased its stake in Waste Connections by 7.9% in Q3, adding 8,883 shares to hold 121,896 shares valued at about $21.43 million, and institutional investors collectively own roughly 86.09% of the company.
• Waste Connections reported Q results of $1.29 EPS (beat by $0.01) and $2.35 billion in revenue (+5% YoY); the stock has a market cap of $42.36 billion, a P/E of 39.73, and a consensus analyst rating of Buy with an average price target of $203.75.
• The company declared a quarterly dividend of $0.35 (annualized $1.40) with an ex-dividend date of Feb 25 and a yield of about 0.8%, and a payout ratio near 33.6%.

Capital International Inc. CA increased its position in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 7.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 121,896 shares of the business services provider's stock after acquiring an additional 8,883 shares during the quarter. Capital International Inc. CA's holdings in Waste Connections were worth $21,429,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Lido Advisors LLC increased its position in Waste Connections by 2.1% during the second quarter. Lido Advisors LLC now owns 2,949 shares of the business services provider's stock worth $551,000 after purchasing an additional 61 shares during the last quarter. Legacy Wealth Asset Management LLC boosted its holdings in Waste Connections by 0.8% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 7,895 shares of the business services provider's stock valued at $1,388,000 after purchasing an additional 61 shares during the last quarter. Valeo Financial Advisors LLC boosted its holdings in Waste Connections by 1.6% in the 2nd quarter. Valeo Financial Advisors LLC now owns 4,052 shares of the business services provider's stock valued at $757,000 after purchasing an additional 63 shares during the last quarter. Integrated Advisors Network LLC grew its stake in shares of Waste Connections by 4.3% in the 3rd quarter. Integrated Advisors Network LLC now owns 1,685 shares of the business services provider's stock valued at $296,000 after buying an additional 70 shares during the period. Finally, Parr Mcknight Wealth Management Group LLC increased its holdings in shares of Waste Connections by 1.1% during the 2nd quarter. Parr Mcknight Wealth Management Group LLC now owns 6,853 shares of the business services provider's stock worth $1,280,000 after buying an additional 72 shares during the last quarter. Hedge funds and other institutional investors own 86.09% of the company's stock.

Waste Connections Stock Performance

NYSE:WCN opened at $165.67 on Wednesday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.62 and a current ratio of 0.62. The stock has a market capitalization of $42.36 billion, a P/E ratio of 39.73, a PEG ratio of 2.95 and a beta of 0.62. The company has a 50 day moving average price of $168.14 and a 200 day moving average price of $172.11. Waste Connections, Inc. has a fifty-two week low of $155.65 and a fifty-two week high of $201.66.

Waste Connections (NYSE:WCN - Get Free Report) last announced its earnings results on Wednesday, February 11th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.28 by $0.01. Waste Connections had a return on equity of 16.25% and a net margin of 11.37%.The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.37 billion. During the same quarter in the previous year, the company earned $1.16 earnings per share. The firm's quarterly revenue was up 5.0% compared to the same quarter last year. Equities research analysts forecast that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Wednesday, February 25th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.8%. Waste Connections's payout ratio is presently 33.57%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on WCN shares. Scotiabank set a $197.00 price target on shares of Waste Connections and gave the company a "sector outperform" rating in a research report on Friday, February 13th. BNP Paribas Exane initiated coverage on Waste Connections in a research report on Tuesday, January 6th. They issued an "outperform" rating for the company. JPMorgan Chase & Co. cut their target price on Waste Connections from $220.00 to $210.00 and set an "overweight" rating for the company in a research note on Wednesday, January 14th. Stifel Nicolaus set a $213.00 target price on Waste Connections and gave the company a "buy" rating in a research report on Friday, February 13th. Finally, Deutsche Bank Aktiengesellschaft set a $212.00 price target on Waste Connections in a research note on Friday, February 13th. Four analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $203.75.

Waste Connections Company Profile

Waste Connections NYSE: WCN is a North American integrated waste services company that provides a range of solid waste and environmental services to municipal, commercial, industrial and residential customers. The company offers collection, transportation, transfer, disposal and recycling services, and operates an extensive network of transfer stations and disposal facilities. Waste Connections positions itself as a provider of infrastructure-driven waste solutions across many regions of the United States and Canada.

The company's operating activities include routine curbside and commercial collection, roll-off and container services, operation of landfills and transfer stations, and recycling and resource recovery programs.

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