Nordea Investment Management AB increased its holdings in shares of Waste Connections, Inc. (NYSE:WCN – Get Rating) by 89.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,382 shares of the business services provider’s stock after purchasing an additional 19,973 shares during the period. Nordea Investment Management AB’s holdings in Waste Connections were worth $5,605,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. Wipfli Financial Advisors LLC acquired a new stake in shares of Waste Connections in the 3rd quarter worth $35,000. Baldwin Brothers LLC MA lifted its stake in shares of Waste Connections by 277.8% in the 4th quarter. Baldwin Brothers LLC MA now owns 272 shares of the business services provider’s stock worth $36,000 after acquiring an additional 200 shares during the period. Marshall & Sullivan Inc. WA acquired a new stake in shares of Waste Connections in the 4th quarter worth $50,000. IFP Advisors Inc lifted its stake in shares of Waste Connections by 65.3% in the 3rd quarter. IFP Advisors Inc now owns 496 shares of the business services provider’s stock worth $64,000 after acquiring an additional 196 shares during the period. Finally, Paragon Wealth Strategies LLC acquired a new stake in shares of Waste Connections in the 3rd quarter worth $68,000. Institutional investors and hedge funds own 85.58% of the company’s stock.
Waste Connections Stock Performance
NYSE:WCN opened at $144.87 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.96. The firm has a 50-day moving average price of $137.94 and a two-hundred day moving average price of $136.10. Waste Connections, Inc. has a twelve month low of $113.50 and a twelve month high of $148.20. The company has a market capitalization of $37.31 billion, a P/E ratio of 43.77, a price-to-earnings-growth ratio of 3.00 and a beta of 0.68.
Waste Connections Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 24th. Stockholders of record on Wednesday, May 10th will be issued a dividend of $0.255 per share. The ex-dividend date of this dividend is Tuesday, May 9th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.70%. Waste Connections’s dividend payout ratio (DPR) is presently 30.82%.
Insider Transactions at Waste Connections
In other news, SVP David Eddie sold 1,700 shares of Waste Connections stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $135.65, for a total transaction of $230,605.00. Following the completion of the sale, the senior vice president now directly owns 24,512 shares in the company, valued at $3,325,052.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, SVP David Eddie sold 1,700 shares of Waste Connections stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $135.65, for a total transaction of $230,605.00. Following the completion of the sale, the senior vice president now directly owns 24,512 shares in the company, valued at $3,325,052.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP James Little sold 4,500 shares of Waste Connections stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $135.87, for a total transaction of $611,415.00. Following the sale, the vice president now owns 29,410 shares of the company’s stock, valued at $3,995,936.70. The disclosure for this sale can be found here. Insiders sold a total of 8,700 shares of company stock worth $1,177,955 over the last ninety days. 0.35% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on WCN shares. BMO Capital Markets reduced their target price on shares of Waste Connections from $158.00 to $153.00 and set an “outperform” rating for the company in a research note on Friday, February 17th. Morgan Stanley increased their price target on shares of Waste Connections from $158.00 to $164.00 and gave the company an “overweight” rating in a report on Friday, February 17th. Raymond James cut their price target on shares of Waste Connections from $165.00 to $161.00 in a report on Monday, May 1st. Atb Cap Markets upgraded shares of Waste Connections from a “sector perform” rating to an “outperform” rating in a report on Thursday, February 16th. Finally, Truist Financial assumed coverage on shares of Waste Connections in a report on Monday, April 17th. They issued a “buy” rating and a $160.00 price target for the company. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $156.22.
Waste Connections Profile
Waste Connections, Inc engages in the provision of non-hazardous waste collection, transfer, and disposal services. The firm offers its services to residential, commercial, landfill and transfer stations, and industries such as office, apartments multi-family, construction and demolition, property management, retail, restaurant, and manufacturing.
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