Hillsdale Investment Management Inc. Has $39.94 Million Stock Holdings in Waste Connections, Inc. (NYSE:WCN)

Hillsdale Investment Management Inc. lifted its position in shares of Waste Connections, Inc. (NYSE:WCN) by 187.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 233,064 shares of the business services provider’s stock after purchasing an additional 151,845 shares during the period. Waste Connections accounts for 2.0% of Hillsdale Investment Management Inc.’s portfolio, making the stock its 11th largest holding. Hillsdale Investment Management Inc. owned 0.09% of Waste Connections worth $39,938,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Manchester Capital Management LLC acquired a new position in Waste Connections in the 4th quarter valued at about $26,000. Private Trust Co. NA grew its stake in Waste Connections by 153.3% in the 4th quarter. Private Trust Co. NA now owns 152 shares of the business services provider’s stock valued at $26,000 after buying an additional 92 shares during the last quarter. Stonebridge Financial Group LLC acquired a new position in Waste Connections in the 4th quarter valued at about $27,000. Smartleaf Asset Management LLC grew its stake in Waste Connections by 59.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider’s stock valued at $33,000 after buying an additional 71 shares during the last quarter. Finally, Sierra Ocean LLC acquired a new position in Waste Connections in the 4th quarter valued at about $39,000. 86.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Stifel Nicolaus upped their price target on shares of Waste Connections from $205.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Citigroup boosted their price objective on shares of Waste Connections from $195.00 to $196.00 and gave the company a “neutral” rating in a report on Monday, January 13th. Truist Financial reissued a “buy” rating and issued a $210.00 price objective (up previously from $200.00) on shares of Waste Connections in a report on Friday, February 14th. Oppenheimer boosted their price objective on shares of Waste Connections from $192.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Finally, CIBC cut their price objective on shares of Waste Connections from $215.00 to $212.00 and set an “outperform” rating for the company in a report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Waste Connections presently has an average rating of “Moderate Buy” and a consensus target price of $202.43.

Waste Connections Stock Performance

Shares of Waste Connections stock opened at $189.35 on Friday. The company has a 50 day moving average of $185.60 and a 200-day moving average of $182.64. Waste Connections, Inc. has a 1-year low of $160.34 and a 1-year high of $194.83. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.03. The company has a market cap of $48.86 billion, a PE ratio of 79.22, a price-to-earnings-growth ratio of 3.07 and a beta of 0.81.

Waste Connections (NYSE:WCN) last released 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%. As a group, equities research analysts forecast that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were given a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date was Thursday, February 27th. Waste Connections’s dividend payout ratio is 52.72%.

Waste Connections Company 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.