Alphinity Investment Management Pty Ltd Has $571.85 Million Holdings in Waste Connections, Inc. (NYSE:WCN)

Alphinity Investment Management Pty Ltd increased its stake in Waste Connections, Inc. (NYSE:WCN) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,332,826 shares of the business services provider’s stock after buying an additional 29,542 shares during the quarter. Waste Connections makes up 3.1% of Alphinity Investment Management Pty Ltd’s holdings, making the stock its 18th biggest position. Alphinity Investment Management Pty Ltd owned about 1.29% of Waste Connections worth $571,846,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Manchester Capital Management LLC acquired a new stake in shares of Waste Connections in the 4th quarter valued at approximately $26,000. Stonebridge Financial Group LLC acquired a new stake in shares of Waste Connections in the 4th quarter valued at approximately $27,000. FSA Wealth Management LLC acquired a new stake in shares of Waste Connections in the 3rd quarter valued at approximately $40,000. Continuum Advisory LLC raised its stake in Waste Connections by 58.0% in the 3rd quarter. Continuum Advisory LLC now owns 226 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 83 shares during the period. Finally, Sierra Ocean LLC bought a new stake in Waste Connections in the 4th quarter valued at $39,000. Institutional investors and hedge funds own 86.09% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on WCN shares. Citigroup increased their price target on Waste Connections from $195.00 to $196.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. Jefferies Financial Group dropped their price target on Waste Connections from $225.00 to $210.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Morgan Stanley increased their price target on Waste Connections from $214.00 to $219.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Oppenheimer increased their price target on Waste Connections from $192.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Finally, 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. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $201.00.

Waste Connections Stock Performance

NYSE WCN opened at $188.08 on Thursday. The firm has a 50-day moving average price of $180.46 and a two-hundred day moving average price of $182.19. The company has a market capitalization of $48.54 billion, a P/E ratio of 78.69, a P/E/G ratio of 3.07 and a beta of 0.77. The company has a quick ratio of 0.65, a current 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.

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 anticipate that Waste Connections, Inc. will post 5.28 earnings per share for the current year.

Waste Connections Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th will be given a $0.315 dividend. This represents a $1.26 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Thursday, February 27th. Waste Connections’s payout ratio 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.