Mn Services Vermogensbeheer B.V. Has $18.68 Million Holdings in Waste Connections, Inc. (NYSE:WCN)

Mn Services Vermogensbeheer B.V. lessened its position in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 6.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 95,700 shares of the business services provider's stock after selling 6,900 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Waste Connections were worth $18,680,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WCN. Vanguard Group Inc. raised its position in Waste Connections by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 29,293,002 shares of the business services provider's stock worth $5,025,836,000 after acquiring an additional 174,121 shares during the period. Bank of Montreal Can raised its position in shares of Waste Connections by 4.3% during the 4th quarter. Bank of Montreal Can now owns 8,644,222 shares of the business services provider's stock worth $1,481,041,000 after purchasing an additional 356,798 shares during the last quarter. FIL Ltd lifted its stake in Waste Connections by 46.2% in the 4th quarter. FIL Ltd now owns 7,177,724 shares of the business services provider's stock valued at $1,231,368,000 after buying an additional 2,269,652 shares in the last quarter. Capital International Investors boosted its holdings in Waste Connections by 17.8% in the 4th quarter. Capital International Investors now owns 5,949,152 shares of the business services provider's stock worth $1,020,672,000 after buying an additional 899,058 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Waste Connections by 2.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,736,179 shares of the business services provider's stock worth $984,214,000 after buying an additional 150,683 shares in the last quarter. Hedge funds and other institutional investors own 86.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. BMO Capital Markets increased their price objective on shares of Waste Connections from $214.00 to $216.00 and gave the company an "outperform" rating in a report on Friday, April 25th. Seaport Res Ptn upgraded Waste Connections to a "strong-buy" rating in a research report on Tuesday, May 6th. Melius began coverage on Waste Connections in a report on Monday, June 9th. They issued a "buy" rating for the company. Scotiabank raised their target price on Waste Connections from $192.00 to $207.00 and gave the stock a "sector perform" rating in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Waste Connections from $197.00 to $230.00 and gave the company an "overweight" rating in a research report on Friday, May 23rd. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $212.29.

Waste Connections Stock Performance

WCN stock traded down $3.60 during trading on Monday, reaching $187.07. 935,444 shares of the company's stock were exchanged, compared to its average volume of 1,000,040. The firm has a market cap of $48.34 billion, a PE ratio of 78.27, a P/E/G ratio of 3.07 and a beta of 0.62. 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 1-year low of $167.51 and a 1-year high of $201.66. The company's fifty day moving average price is $193.90 and its 200-day moving average price is $187.50.

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

Waste Connections Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Wednesday, May 7th were given a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a yield of 0.67%. The ex-dividend date was Wednesday, May 7th. Waste Connections's payout ratio is presently 51.85%.

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.