Waste Connections, Inc. (NYSE:WCN) Shares Bought by Bristol Gate Capital Partners Inc.

Bristol Gate Capital Partners Inc. increased its holdings in shares of Waste Connections, Inc. (NYSE:WCN) by 7.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,124 shares of the business services provider’s stock after buying an additional 437 shares during the quarter. Waste Connections accounts for about 0.1% of Bristol Gate Capital Partners Inc.’s portfolio, making the stock its 28th largest position. Bristol Gate Capital Partners Inc.’s holdings in Waste Connections were worth $1,050,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of Montreal Can grew its holdings in shares of Waste Connections by 4.3% during the fourth quarter. Bank of Montreal Can now owns 8,644,222 shares of the business services provider’s stock valued at $1,481,041,000 after buying an additional 356,798 shares during the last quarter. 2Xideas AG grew its stake in Waste Connections by 60.4% during the 4th quarter. 2Xideas AG now owns 70,192 shares of the business services provider’s stock valued at $12,044,000 after purchasing an additional 26,437 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Waste Connections during the 4th quarter valued at about $28,000. Russell Investments Group Ltd. increased its holdings in shares of Waste Connections by 54.4% in the fourth quarter. Russell Investments Group Ltd. now owns 153,434 shares of the business services provider’s stock valued at $26,321,000 after purchasing an additional 54,038 shares during the period. Finally, Sit Investment Associates Inc. lifted its holdings in shares of Waste Connections by 0.3% during the fourth quarter. Sit Investment Associates Inc. now owns 62,551 shares of the business services provider’s stock worth $10,733,000 after purchasing an additional 199 shares during the period. 86.09% of the stock is owned by hedge funds and other institutional investors.

Waste Connections Trading Down 5.9 %

WCN opened at $188.07 on Monday. The stock has a market capitalization of $48.59 billion, a PE ratio of 78.69, a P/E/G ratio of 3.07 and a beta of 0.67. Waste Connections, Inc. has a one year low of $160.34 and a one year high of $201.66. 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 business’s 50 day moving average price is $188.80 and its 200 day moving average price is $183.31.

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%. As a group, equities research analysts expect that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders 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 yield of 0.67%. The ex-dividend date of this dividend was Thursday, February 27th. Waste Connections’s dividend payout ratio (DPR) is 52.72%.

Analyst Ratings Changes

A number of equities analysts have issued reports on WCN shares. Truist Financial reissued a “buy” rating and set a $210.00 price target (up from $200.00) on shares of Waste Connections in a research report on Friday, February 14th. Morgan Stanley boosted their target price on shares of Waste Connections from $214.00 to $219.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. CIBC cut their price target on Waste Connections from $215.00 to $212.00 and set an “outperform” rating on the stock in a research report on Thursday, December 19th. Stifel Nicolaus boosted their price objective on Waste Connections from $205.00 to $212.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, Citigroup upped their target price on Waste Connections from $199.00 to $218.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 2nd. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $204.00.

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.