XTX Topco Ltd Purchases Shares of 7,905 Waste Connections, Inc. (NYSE:WCN)

XTX Topco Ltd acquired a new position in shares of Waste Connections, Inc. (NYSE:WCN) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 7,905 shares of the business services provider’s stock, valued at approximately $1,414,000.

Several other institutional investors and hedge funds also recently made changes to their positions in WCN. Cetera Investment Advisers increased its stake in Waste Connections by 64.8% during the first quarter. Cetera Investment Advisers now owns 15,759 shares of the business services provider’s stock valued at $2,711,000 after acquiring an additional 6,198 shares during the period. CWM LLC lifted its position in Waste Connections by 12.5% in the second quarter. CWM LLC now owns 852 shares of the business services provider’s stock worth $149,000 after purchasing an additional 95 shares during the period. Sequoia Financial Advisors LLC increased its holdings in Waste Connections by 18.4% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,896 shares of the business services provider’s stock valued at $859,000 after buying an additional 761 shares during the period. Wedmont Private Capital acquired a new position in shares of Waste Connections in the 2nd quarter valued at $261,000. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Waste Connections by 8.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 4,336 shares of the business services provider’s stock worth $760,000 after acquiring an additional 331 shares during the period. Institutional investors own 86.09% of the company’s stock.

Waste Connections Trading Up 0.0 %

WCN stock opened at $190.35 on Monday. The business has a fifty day moving average of $183.47 and a 200-day moving average of $179.55. The company has a market cap of $49.12 billion, a P/E ratio of 52.29, a PEG ratio of 3.19 and a beta of 0.74. Waste Connections, Inc. has a twelve month low of $137.25 and a twelve month high of $194.83. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.99.

Waste Connections (NYSE:WCN) last released its earnings results on Wednesday, October 23rd. The business services provider reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.05. Waste Connections had a net margin of 10.81% and a return on equity of 15.43%. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same period in the prior year, the company posted $1.17 EPS. The company’s revenue was up 13.3% compared to the same quarter last year. As a group, equities research analysts expect that Waste Connections, Inc. will post 4.84 EPS for the current year.

Waste Connections Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were issued a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend was Thursday, November 7th. This is a positive change from Waste Connections’s previous quarterly dividend of $0.29. Waste Connections’s payout ratio is currently 34.62%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Royal Bank of Canada upped their target price on shares of Waste Connections from $199.00 to $201.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. BMO Capital Markets cut their target price on Waste Connections from $198.00 to $196.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. CIBC upped their price target on Waste Connections from $199.00 to $215.00 and gave the company an “outperformer” rating in a research report on Wednesday, December 4th. Raymond James dropped their price objective on Waste Connections from $208.00 to $205.00 and set a “strong-buy” rating for the company in a research note on Friday, October 25th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $205.00 target price (up previously from $200.00) on shares of Waste Connections in a research note on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $198.40.

About Waste Connections

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.