Dimensional Fund Advisors LP Grows Stake in Waste Connections Inc (NYSE:WCN)

Dimensional Fund Advisors LP increased its stake in shares of Waste Connections Inc (NYSE:WCN) by 2.4% in the 4th quarter, Holdings Channel reports. The firm owned 142,150 shares of the business services provider’s stock after buying an additional 3,311 shares during the period. Dimensional Fund Advisors LP’s holdings in Waste Connections were worth $10,554,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Comerica Bank raised its holdings in shares of Waste Connections by 0.9% during the fourth quarter. Comerica Bank now owns 16,310 shares of the business services provider’s stock valued at $1,321,000 after purchasing an additional 139 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in Waste Connections by 49.0% during the fourth quarter. Proficio Capital Partners LLC now owns 465 shares of the business services provider’s stock valued at $35,000 after buying an additional 153 shares during the last quarter. AGF Investments Inc. increased its holdings in Waste Connections by 0.3% during the fourth quarter. AGF Investments Inc. now owns 74,530 shares of the business services provider’s stock valued at $5,534,000 after buying an additional 199 shares during the last quarter. M&T Bank Corp increased its holdings in Waste Connections by 2.0% during the fourth quarter. M&T Bank Corp now owns 10,330 shares of the business services provider’s stock valued at $767,000 after buying an additional 202 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in Waste Connections by 2.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 10,637 shares of the business services provider’s stock valued at $790,000 after buying an additional 225 shares during the last quarter. 83.33% of the stock is owned by hedge funds and other institutional investors.

WCN has been the subject of a number of research reports. Zacks Investment Research cut shares of Waste Connections from a “hold” rating to a “sell” rating in a report on Friday, April 5th. Raymond James upped their target price on shares of Waste Connections from $102.00 to $105.00 and gave the company a “strong-buy” rating in a report on Friday, April 26th. Stifel Nicolaus raised shares of Waste Connections from a “hold” rating to a “buy” rating and upped their target price for the company from $88.00 to $105.00 in a report on Thursday, April 25th. Royal Bank of Canada upped their target price on shares of Waste Connections from $90.00 to $104.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, Bank of America reaffirmed a “buy” rating and set a $98.00 target price (up from $88.00) on shares of Waste Connections in a report on Thursday, April 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Waste Connections currently has a consensus rating of “Buy” and a consensus price target of $95.40.

WCN opened at $93.12 on Wednesday. The company has a market capitalization of $24.75 billion, a price-to-earnings ratio of 36.95, a PEG ratio of 2.73 and a beta of 0.23. Waste Connections Inc has a 1-year low of $70.28 and a 1-year high of $95.80. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.47 and a quick ratio of 1.47.

Waste Connections (NYSE:WCN) last posted its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.24 billion. Waste Connections had a net margin of 10.89% and a return on equity of 10.58%. The company’s revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.56 earnings per share. Equities research analysts anticipate that Waste Connections Inc will post 2.77 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were given a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.69%. Waste Connections’s payout ratio is currently 25.40%.

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Waste Connections Company Profile

Waste Connections, Inc provides waste collection, transfer, disposal, and recycling services in the United States and Canada. The company operates through six segments: Southern, Western, Eastern, Canada, Central, and Exploration and Production (E&P). It offers collection services to residential, commercial, municipal, industrial, and 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.

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Institutional Ownership by Quarter for Waste Connections (NYSE:WCN)

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