Trium Capital LLP Acquires New Shares in Waste Connections, Inc. $WCN

Key Points

• Trium Capital LLP bought a new stake of 11,375 shares of Waste Connections (≈$1.995M) in Q4, representing about 1.5% of its portfolio and making WCN its 18th-largest holding; institutional investors own roughly 86% of the stock.
• Wall Street sentiment is positive with a consensus Buy rating and an average price target of $203.52, while individual targets range from about $176 to $213 across recent reports.
• Waste Connections reported Q4 EPS of $1.29 (beat by $0.01) and revenue of $2.35B (+5% YoY); it has a $41.8B market cap, P/E ~39.3, and pays a $0.35 quarterly dividend (≈0.9% yield).

Trium Capital LLP acquired a new stake in Waste Connections, Inc. (NYSE:WCN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,375 shares of the business services provider's stock, valued at approximately $1,995,000. Waste Connections makes up approximately 1.5% of Trium Capital LLP's portfolio, making the stock its 18th biggest position.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC bought a new stake in shares of Waste Connections in the third quarter valued at about $26,000. Asset Dedication LLC purchased a new position in Waste Connections during the second quarter valued at approximately $28,000. KERR FINANCIAL PLANNING Corp purchased a new position in Waste Connections during the third quarter valued at approximately $30,000. Greykasell Wealth Strategies Inc. increased its holdings in Waste Connections by 555.2% during the third quarter. Greykasell Wealth Strategies Inc. now owns 190 shares of the business services provider's stock valued at $33,000 after buying an additional 161 shares during the period. Finally, Caldwell Trust Co purchased a new position in Waste Connections during the second quarter valued at approximately $49,000. 86.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Morgan Stanley set a $205.00 price objective on shares of Waste Connections and gave the company an "overweight" rating in a report on Friday, February 13th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $205.00 target price (up from $200.00) on shares of Waste Connections in a research note on Monday, January 5th. Citigroup reiterated a "neutral" rating and issued a $183.00 target price (down from $196.00) on shares of Waste Connections in a research note on Friday, January 16th. Barclays set a $176.00 target price on Waste Connections and gave the company an "equal weight" rating in a research note on Friday, February 13th. Finally, Stifel Nicolaus set a $213.00 target price on Waste Connections and gave the company a "buy" rating in a research note on Friday, February 13th. Four research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Waste Connections presently has a consensus rating of "Buy" and an average price target of $203.52.

Waste Connections Price Performance

NYSE WCN opened at $163.70 on Friday. The firm's fifty day simple moving average is $165.55 and its two-hundred day simple moving average is $169.77. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.07. Waste Connections, Inc. has a 12-month low of $154.90 and a 12-month high of $199.78. The firm has a market capitalization of $41.78 billion, a P/E ratio of 39.26, a P/E/G ratio of 2.80 and a beta of 0.61.

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

Waste Connections Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Wednesday, February 25th were paid a dividend of $0.35 per share. The ex-dividend date was Wednesday, February 25th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.9%. Waste Connections's payout ratio is presently 33.57%.

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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