MGO One Seven LLC Has $1.15 Million Stock Position in Waste Connections, Inc. (NYSE:WCN)

MGO One Seven LLC raised its holdings in Waste Connections, Inc. (NYSE:WCN - Free Report) by 130.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,687 shares of the business services provider's stock after acquiring an additional 3,780 shares during the quarter. MGO One Seven LLC's holdings in Waste Connections were worth $1,147,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in WCN. Principal Financial Group Inc. boosted its holdings in Waste Connections by 307.1% during the third quarter. Principal Financial Group Inc. now owns 1,927,155 shares of the business services provider's stock worth $344,615,000 after buying an additional 1,453,733 shares in the last quarter. Barclays PLC boosted its stake in shares of Waste Connections by 34.3% during the 3rd quarter. Barclays PLC now owns 303,040 shares of the business services provider's stock worth $54,190,000 after acquiring an additional 77,466 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Waste Connections in the 3rd quarter worth approximately $1,586,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Waste Connections in the 3rd quarter worth approximately $188,000. Finally, Tidal Investments LLC increased its stake in Waste Connections by 2.0% in the 3rd quarter. Tidal Investments LLC now owns 7,786 shares of the business services provider's stock valued at $1,392,000 after purchasing an additional 151 shares in the last quarter. 86.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the company. StockNews.com lowered Waste Connections from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Scotiabank increased 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. William Blair assumed coverage on shares of Waste Connections in a research report on Thursday, April 3rd. They set an "outperform" rating for the company. Citigroup upped their price target on shares of Waste Connections from $209.00 to $212.00 and gave the company a "neutral" rating in a report on Tuesday. Finally, BMO Capital Markets raised their price objective on shares of Waste Connections from $214.00 to $216.00 and gave the stock an "outperform" rating in a research note on Friday, April 25th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Waste Connections currently has a consensus rating of "Moderate Buy" and an average price target of $208.21.

Waste Connections Trading Down 1.2 %

Shares of NYSE:WCN traded down $2.34 during midday trading on Thursday, reaching $195.29. The company's stock had a trading volume of 280,398 shares, compared to its average volume of 974,025. The firm has a market cap of $50.46 billion, a price-to-earnings ratio of 81.59, a price-to-earnings-growth ratio of 3.07 and a beta of 0.67. The business has a 50 day moving average price of $191.36 and a 200 day moving average price of $185.25. Waste Connections, Inc. has a 1 year low of $160.34 and a 1 year high of $201.66. 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 (NYSE:WCN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.07 by $0.06. The company had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $2.22 billion. Waste Connections had a return on equity of 15.54% and a net margin of 6.92%. The firm's revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.04 EPS. Research analysts forecast that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Wednesday, May 7th will be given a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a yield of 0.65%. The ex-dividend date is Wednesday, May 7th. Waste Connections's dividend payout ratio (DPR) is 51.85%.

Waste Connections 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.