Groupama Asset Managment Has $5.30 Million Stock Position in Waste Connections, Inc. (NYSE:WCN)

Groupama Asset Managment lifted its position in shares of Waste Connections, Inc. (NYSE:WCN) by 51.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 30,936 shares of the business services provider’s stock after purchasing an additional 10,566 shares during the quarter. Groupama Asset Managment’s holdings in Waste Connections were worth $5,295,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WCN. Stifel Nicolaus upped their price objective on Waste Connections from $205.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Citigroup increased their price objective on Waste Connections from $195.00 to $196.00 and gave the stock a “neutral” rating in a research note on Monday, January 13th. StockNews.com lowered shares of Waste Connections from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Scotiabank dropped their target price on shares of Waste Connections from $196.00 to $192.00 and set a “sector perform” rating for the company in a research report on Monday, January 27th. Finally, Truist Financial restated a “buy” rating and issued a $210.00 price target (up from $200.00) on shares of Waste Connections in a research report on Friday, February 14th. Four equities research 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $202.43.

Waste Connections Stock Up 0.7 %

NYSE WCN opened at $196.50 on Wednesday. The stock has a market capitalization of $50.77 billion, a P/E ratio of 82.22, a price-to-earnings-growth ratio of 3.07 and a beta of 0.81. Waste Connections, Inc. has a 52 week low of $160.34 and a 52 week high of $197.74. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a fifty day moving average of $187.82 and a 200-day moving average of $183.03.

Waste Connections (NYSE:WCN) last announced its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.16 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%. On average, equities research 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 13th. Investors of record on Thursday, February 27th were paid a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date was Thursday, February 27th. Waste Connections’s dividend payout ratio (DPR) is 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.