Kohmann Bosshard Financial Services LLC Purchases New Position in Waste Connections, Inc. (NYSE:WCN)

Kohmann Bosshard Financial Services LLC acquired a new stake in Waste Connections, Inc. (NYSE:WCN) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 296 shares of the business services provider’s stock, valued at approximately $51,000.

A number of other large investors also recently modified their holdings of the stock. FMR LLC lifted its position in shares of Waste Connections by 0.6% during the third quarter. FMR LLC now owns 5,313,725 shares of the business services provider’s stock worth $950,055,000 after purchasing an additional 30,890 shares in the last quarter. Alphinity Investment Management Pty Ltd lifted its position in shares of Waste Connections by 0.9% during the fourth quarter. Alphinity Investment Management Pty Ltd now owns 3,332,826 shares of the business services provider’s stock worth $571,846,000 after purchasing an additional 29,542 shares in the last quarter. National Bank of Canada FI lifted its position in shares of Waste Connections by 35.3% during the third quarter. National Bank of Canada FI now owns 2,678,562 shares of the business services provider’s stock worth $478,777,000 after purchasing an additional 699,012 shares in the last quarter. Fiera Capital Corp lifted its position in shares of Waste Connections by 6.5% during the third quarter. Fiera Capital Corp now owns 2,332,002 shares of the business services provider’s stock worth $417,385,000 after purchasing an additional 142,751 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. lifted its position in shares of Waste Connections by 15.5% during the third quarter. Montrusco Bolton Investments Inc. now owns 2,303,339 shares of the business services provider’s stock worth $401,936,000 after purchasing an additional 309,619 shares in the last quarter. 86.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on WCN. CIBC reduced their target price on shares of Waste Connections from $215.00 to $212.00 and set an “outperform” rating on the stock in a research report on Thursday, December 19th. Morgan Stanley boosted their price target on shares of Waste Connections from $214.00 to $219.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Oppenheimer boosted their price target 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. 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 note on Friday, February 14th. Finally, Scotiabank dropped their price target on shares of Waste Connections from $196.00 to $192.00 and set a “sector perform” rating for the company in a research note on Monday, January 27th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $202.43.

Waste Connections Stock Up 1.1 %

Shares of NYSE:WCN opened at $191.88 on Tuesday. Waste Connections, Inc. has a 52 week low of $160.34 and a 52 week high of $194.83. 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 company has a market capitalization of $49.52 billion, a PE ratio of 80.28, a PEG ratio of 3.07 and a beta of 0.77. The company has a 50 day moving average price of $181.43 and a two-hundred day moving average price of $182.37.

Waste Connections (NYSE:WCN) last issued its earnings results on Wednesday, February 12th. The business services provider reported $1.16 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.04). Waste Connections had a net margin of 6.92% and a return on equity of 15.54%. Analysts forecast that Waste Connections, Inc. will post 5.28 earnings per share for the current year.

Waste Connections Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th will be issued a $0.315 dividend. This represents a $1.26 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Thursday, February 27th. Waste Connections’s dividend payout ratio (DPR) is presently 52.72%.

Waste Connections Company 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.