Capital Fund Management S.A. Has $10.41 Million Stake in Waste Connections, Inc. $WCN

Capital Fund Management S.A. boosted its position in shares of Waste Connections, Inc. (NYSE:WCN) by 54.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 59,206 shares of the business services provider’s stock after buying an additional 20,851 shares during the quarter. Capital Fund Management S.A.’s holdings in Waste Connections were worth $10,408,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Waste Connections in the second quarter valued at $755,938,000. Mackenzie Financial Corp grew its holdings in shares of Waste Connections by 17.6% during the third quarter. Mackenzie Financial Corp now owns 6,136,218 shares of the business services provider’s stock valued at $1,078,536,000 after buying an additional 918,245 shares in the last quarter. Picton Mahoney Asset Management acquired a new position in Waste Connections during the second quarter valued at $140,935,000. Vanguard Group Inc. raised its position in Waste Connections by 2.3% during the third quarter. Vanguard Group Inc. now owns 31,585,284 shares of the business services provider’s stock valued at $5,552,682,000 after buying an additional 717,440 shares during the period. Finally, CIBC Asset Management Inc lifted its stake in Waste Connections by 55.7% in the 3rd quarter. CIBC Asset Management Inc now owns 1,991,112 shares of the business services provider’s stock worth $350,603,000 after acquiring an additional 711,990 shares in the last quarter. 86.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on WCN shares. Wells Fargo & Company started coverage on Waste Connections in a research note on Thursday, November 13th. They set an “overweight” rating and a $186.00 target price on the stock. Morgan Stanley set a $205.00 price target on shares of Waste Connections and gave the stock an “overweight” rating in a research report on Friday, February 13th. JPMorgan Chase & Co. decreased their price target on shares of Waste Connections from $220.00 to $210.00 and set an “overweight” rating for the company in a report on Wednesday, January 14th. Oppenheimer reaffirmed an “outperform” rating and set a $205.00 price objective (down from $206.00) on shares of Waste Connections in a research report on Friday, January 23rd. Finally, 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 report on Monday, January 5th. Four analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $203.75.

Waste Connections Stock Up 0.2%

WCN opened at $167.05 on Friday. The company has a market capitalization of $42.71 billion, a PE ratio of 40.06, a price-to-earnings-growth ratio of 2.86 and a beta of 0.62. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.62 and a quick ratio of 0.62. Waste Connections, Inc. has a fifty-two week low of $155.65 and a fifty-two week high of $201.66. The business has a 50-day moving average of $167.80 and a 200-day moving average of $172.04.

Waste Connections (NYSE:WCN) last announced its quarterly earnings results on Wednesday, February 11th. The business services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.28 by $0.01. Waste Connections had a return on equity of 16.25% and a net margin of 11.37%.The business had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.37 billion. During the same quarter in the previous year, the business posted $1.16 EPS. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. Equities research analysts forecast that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Announces Dividend

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