Thematics Asset Management Has $20.83 Million Position in Waste Connections, Inc. $WCN

Thematics Asset Management lifted its position in shares of Waste Connections, Inc. (NYSE:WCN) by 7.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 118,469 shares of the business services provider’s stock after purchasing an additional 8,000 shares during the period. Thematics Asset Management’s holdings in Waste Connections were worth $20,827,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Lido Advisors LLC increased its position in Waste Connections by 2.1% during the second quarter. Lido Advisors LLC now owns 2,949 shares of the business services provider’s stock worth $551,000 after buying an additional 61 shares during the last quarter. Legacy Wealth Asset Management LLC increased its holdings in shares of Waste Connections by 0.8% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 7,895 shares of the business services provider’s stock worth $1,388,000 after acquiring an additional 61 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in Waste Connections by 1.6% in the 2nd quarter. Valeo Financial Advisors LLC now owns 4,052 shares of the business services provider’s stock valued at $757,000 after acquiring an additional 63 shares during the period. Integrated Advisors Network LLC lifted its holdings in Waste Connections by 4.3% during the 3rd quarter. Integrated Advisors Network LLC now owns 1,685 shares of the business services provider’s stock valued at $296,000 after purchasing an additional 70 shares during the last quarter. Finally, Parr Mcknight Wealth Management Group LLC boosted its position in Waste Connections by 1.1% during the second quarter. Parr Mcknight Wealth Management Group LLC now owns 6,853 shares of the business services provider’s stock worth $1,280,000 after purchasing an additional 72 shares during the period. 86.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on WCN shares. Scotiabank set a $197.00 price objective on shares of Waste Connections and gave the company a “sector outperform” rating in a research report on Friday, February 13th. Citigroup reaffirmed a “neutral” rating and set a $183.00 target price (down from $196.00) on shares of Waste Connections in a report on Friday, January 16th. UBS Group set a $205.00 price target on shares of Waste Connections in a report on Monday, January 5th. Canadian Imperial Bank of Commerce set a $208.00 price objective on shares of Waste Connections in a research report on Thursday, January 8th. Finally, Oppenheimer restated an “outperform” rating and set a $205.00 price objective (down from $206.00) on shares of Waste Connections in a report on Friday, January 23rd. Four analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Waste Connections currently has a consensus rating of “Buy” and an average price target of $203.52.

Waste Connections Trading Down 0.3%

Shares of Waste Connections stock opened at $166.51 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.62 and a current ratio of 0.62. The firm has a 50-day moving average of $167.64 and a 200-day moving average of $171.93. Waste Connections, Inc. has a 52-week low of $155.65 and a 52-week high of $201.66. The stock has a market cap of $42.57 billion, a PE ratio of 39.93, a PEG ratio of 2.87 and a beta of 0.62.

Waste Connections (NYSE:WCN) last released its quarterly earnings results on Wednesday, February 11th. The business services provider reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.01. The business had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.37 billion. Waste Connections had a net margin of 11.37% and a return on equity of 16.25%. Waste Connections’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the firm earned $1.16 earnings per share. As a group, sell-side analysts forecast that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Wednesday, February 25th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Wednesday, February 25th. Waste Connections’s payout ratio is presently 33.57%.

About Waste Connections

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.