Waste Connections, Inc. (NYSE:WCN) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Waste Connections, Inc. (NYSE:WCN) by 0.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 169,450 shares of the business services provider’s stock after purchasing an additional 351 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.07% of Waste Connections worth $29,055,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Impax Asset Management Group plc acquired a new stake in shares of Waste Connections during the third quarter worth approximately $54,800,000. Principal Financial Group Inc. boosted its stake in Waste Connections by 307.1% during the 3rd quarter. Principal Financial Group Inc. now owns 1,927,155 shares of the business services provider’s stock valued at $344,615,000 after acquiring an additional 1,453,733 shares during the last quarter. Assetmark Inc. grew its holdings in Waste Connections by 93.1% during the 3rd quarter. Assetmark Inc. now owns 504 shares of the business services provider’s stock worth $90,000 after acquiring an additional 243 shares in the last quarter. Atria Investments Inc grew its holdings in Waste Connections by 12.8% during the 3rd quarter. Atria Investments Inc now owns 11,508 shares of the business services provider’s stock worth $2,058,000 after acquiring an additional 1,306 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. increased its position in shares of Waste Connections by 65.6% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 3,034 shares of the business services provider’s stock worth $543,000 after purchasing an additional 1,202 shares during the last quarter. Institutional investors and hedge funds own 86.09% of the company’s stock.

Analysts Set New Price Targets

WCN has been the topic of several research analyst reports. Truist Financial reaffirmed a “buy” rating and set a $210.00 price target (up previously from $200.00) on shares of Waste Connections in a research report on Friday, February 14th. Jefferies Financial Group reduced their target price on Waste Connections from $225.00 to $210.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. CIBC lowered their price target on Waste Connections from $215.00 to $212.00 and set an “outperform” rating for the company in a report on Thursday, December 19th. StockNews.com cut Waste Connections from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Finally, Citigroup boosted their target price on shares of Waste Connections from $195.00 to $196.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Waste Connections has an average rating of “Moderate Buy” and an average price target of $202.43.

Waste Connections Trading Down 1.1 %

Waste Connections stock opened at $184.26 on Wednesday. The firm has a 50-day moving average price of $183.31 and a two-hundred day moving average price of $182.53. Waste Connections, Inc. has a 52-week low of $160.34 and a 52-week high of $194.83. The firm has a market capitalization of $47.55 billion, a price-to-earnings ratio of 77.10, a PEG ratio of 3.07 and a beta of 0.81. 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) last issued its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.04). Waste Connections had a return on equity of 15.54% and a net margin of 6.92%. Sell-side analysts expect that Waste Connections, Inc. will post 5.28 earnings per share for the current year.

Waste Connections Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 27th will be paid a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Thursday, February 27th. Waste Connections’s dividend payout ratio is currently 52.72%.

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.