International Assets Investment Management LLC Acquires New Shares in Waste Connections, Inc. (NYSE:WCN)

International Assets Investment Management LLC acquired a new stake in Waste Connections, Inc. (NYSE:WCN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 34,929 shares of the business services provider's stock, valued at approximately $5,214,000.

Several other institutional investors have also recently bought and sold shares of WCN. Nordea Investment Management AB boosted its holdings in Waste Connections by 51.6% in the fourth quarter. Nordea Investment Management AB now owns 220,327 shares of the business services provider's stock valued at $32,895,000 after acquiring an additional 74,995 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in Waste Connections by 5.0% during the third quarter. New York State Common Retirement Fund now owns 214,346 shares of the business services provider's stock worth $28,787,000 after buying an additional 10,179 shares during the last quarter. Alta Fox Capital Management LLC grew its position in shares of Waste Connections by 42.1% during the 3rd quarter. Alta Fox Capital Management LLC now owns 51,600 shares of the business services provider's stock worth $6,930,000 after buying an additional 15,300 shares during the period. Alphinity Investment Management Pty Ltd increased its stake in shares of Waste Connections by 3.4% in the 4th quarter. Alphinity Investment Management Pty Ltd now owns 2,323,080 shares of the business services provider's stock valued at $346,766,000 after acquiring an additional 75,992 shares during the last quarter. Finally, Fiera Capital Corp raised its position in shares of Waste Connections by 3.1% in the 3rd quarter. Fiera Capital Corp now owns 2,002,400 shares of the business services provider's stock valued at $269,603,000 after acquiring an additional 59,361 shares during the period. Institutional investors own 86.09% of the company's stock.

Waste Connections Trading Down 0.1 %

Shares of WCN traded down $0.10 during mid-day trading on Wednesday, reaching $165.40. 392,048 shares of the company's stock traded hands, compared to its average volume of 926,620. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.75 and a quick ratio of 0.75. The stock's 50-day moving average is $167.57 and its two-hundred day moving average is $153.60. Waste Connections, Inc. has a 12 month low of $126.12 and a 12 month high of $173.02. The stock has a market cap of $42.68 billion, a P/E ratio of 53.73, a P/E/G ratio of 2.67 and a beta of 0.67.

Waste Connections (NYSE:WCN - Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The business services provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.02 by $0.02. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.05 billion. Waste Connections had a return on equity of 14.66% and a net margin of 9.70%. Waste Connections's quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 earnings per share. Research analysts forecast that Waste Connections, Inc. will post 4.81 earnings per share for the current fiscal year.

Waste Connections Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Wednesday, May 8th will be issued a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 0.69%. The ex-dividend date is Tuesday, May 7th. Waste Connections's payout ratio is 37.01%.

Insider Buying and Selling at Waste Connections

In other news, Director Andrea E. Bertone sold 902 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $169.17, for a total transaction of $152,591.34. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.31% of the company's stock.

Wall Street Analysts Forecast Growth

WCN has been the topic of several analyst reports. Royal Bank of Canada cut their target price on shares of Waste Connections from $196.00 to $195.00 and set an "outperform" rating on the stock in a report on Friday, April 26th. CIBC boosted their price objective on shares of Waste Connections from $175.00 to $195.00 and gave the company a "buy" rating in a report on Thursday, February 15th. Stifel Nicolaus boosted their price target on Waste Connections from $175.00 to $180.00 and gave the company a "buy" rating in a research note on Thursday, February 15th. Oppenheimer upped their target price on Waste Connections from $170.00 to $180.00 and gave the stock an "outperform" rating in a research note on Monday, March 18th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Waste Connections from $153.00 to $175.00 and gave the company an "overweight" rating in a report on Thursday, February 15th. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Waste Connections has an average rating of "Moderate Buy" and an average target price of $179.33.

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.