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Man Group plc Has $1.81 Million Position in Waste Connections, Inc. (NYSE:WCN)

Waste Connections logo with Business Services background

Man Group plc lowered its position in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 79.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,537 shares of the business services provider's stock after selling 39,571 shares during the period. Man Group plc's holdings in Waste Connections were worth $1,808,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Barclays PLC lifted its holdings in Waste Connections by 34.3% in 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. Principal Financial Group Inc. lifted its holdings in Waste Connections by 5.7% in the 4th quarter. Principal Financial Group Inc. now owns 2,036,856 shares of the business services provider's stock valued at $349,483,000 after acquiring an additional 109,701 shares during the last quarter. Merit Financial Group LLC acquired a new stake in Waste Connections in the 4th quarter valued at about $316,000. Apollon Wealth Management LLC acquired a new stake in Waste Connections in the 4th quarter valued at about $370,000. Finally, Steward Partners Investment Advisory LLC lifted its holdings in Waste Connections by 30.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,521 shares of the business services provider's stock valued at $604,000 after acquiring an additional 829 shares during the last quarter. Institutional investors own 86.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on WCN shares. National Bank Financial raised shares of Waste Connections to a "strong-buy" rating in a report on Monday. Seaport Res Ptn raised shares of Waste Connections to a "strong-buy" rating in a research note on Tuesday, May 6th. BMO Capital Markets upped their price objective 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. Scotiabank upped their price objective on shares of Waste Connections from $192.00 to $207.00 and gave the company a "sector perform" rating in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Waste Connections from $197.00 to $230.00 and gave the company an "overweight" rating in a research note on Friday, May 23rd. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Waste Connections currently has an average rating of "Moderate Buy" and an average target price of $212.23.

Check Out Our Latest Analysis on WCN

Waste Connections Stock Down 0.8%

Shares of WCN traded down $1.47 during trading hours on Thursday, reaching $194.01. The company's stock had a trading volume of 116,667 shares, compared to its average volume of 1,001,397. The firm has a market cap of $50.12 billion, a price-to-earnings ratio of 81.18, a P/E/G 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 $205.50. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.03. The company has a 50 day moving average of $193.95 and a two-hundred day moving average of $187.22.

Waste Connections (NYSE:WCN - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, beating analysts' consensus estimates of $1.07 by $0.06. The company had revenue of $2.23 billion for 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%. The firm's quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.04 EPS. As a group, research analysts predict that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Dividend Announcement

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

Waste Connections Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Waste Connections (NYSE:WCN)

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