Jones Financial Companies Lllp Has $418,000 Stock Position in Waste Connections, Inc. (NYSE:WCN)

Jones Financial Companies Lllp increased its stake in Waste Connections, Inc. (NYSE:WCN) by 60.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,438 shares of the business services provider’s stock after buying an additional 917 shares during the quarter. Jones Financial Companies Lllp’s holdings in Waste Connections were worth $418,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in WCN. Principal Financial Group Inc. raised its position in Waste Connections by 307.1% during the third quarter. Principal Financial Group Inc. now owns 1,927,155 shares of the business services provider’s stock worth $344,615,000 after acquiring an additional 1,453,733 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Waste Connections by 432.6% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,259,312 shares of the business services provider’s stock worth $225,078,000 after purchasing an additional 1,022,851 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of Waste Connections by 35.3% in the 3rd quarter. National Bank of Canada FI now owns 2,678,562 shares of the business services provider’s stock valued at $478,777,000 after purchasing an additional 699,012 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Waste Connections by 44.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,964,082 shares of the business services provider’s stock valued at $351,037,000 after purchasing an additional 602,055 shares during the last quarter. Finally, Two Sigma Advisers LP grew its holdings in Waste Connections by 199.4% during the third quarter. Two Sigma Advisers LP now owns 591,250 shares of the business services provider’s stock worth $105,727,000 after purchasing an additional 393,763 shares during the period. 86.09% of the stock is owned by institutional investors.

Waste Connections Stock Down 1.1 %

Shares of WCN opened at $184.26 on Wednesday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.03. Waste Connections, Inc. has a 12 month low of $160.34 and a 12 month high of $194.83. The firm’s 50 day moving average is $183.31 and its 200-day moving average is $182.53. The stock has a market capitalization of $47.55 billion, a PE ratio of 77.10, a P/E/G ratio of 3.07 and a beta of 0.81.

Waste Connections (NYSE:WCN) last posted 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%. Equities research analysts forecast that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on WCN. Stifel Nicolaus raised their price objective on Waste Connections from $205.00 to $212.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Truist Financial restated a “buy” rating and issued a $210.00 price target (up previously from $200.00) on shares of Waste Connections in a research note on Friday, February 14th. Citigroup lifted their price objective on shares of Waste Connections from $195.00 to $196.00 and gave the stock a “neutral” rating in a research report on Monday, January 13th. Morgan Stanley increased their price objective 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. Finally, Oppenheimer raised their target price on shares of Waste Connections from $192.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $202.43.

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.