Mitsubishi UFJ Asset Management Co. Ltd. Has $33.02 Million Stake in Waste Connections, Inc. (NYSE:WCN)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Waste Connections, Inc. (NYSE:WCN) by 8.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 193,195 shares of the business services provider’s stock after purchasing an additional 14,315 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.07% of Waste Connections worth $33,023,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Manchester Capital Management LLC bought a new position in Waste Connections in the 4th quarter worth approximately $26,000. Private Trust Co. NA increased its position in Waste Connections by 153.3% during the fourth quarter. Private Trust Co. NA now owns 152 shares of the business services provider’s stock worth $26,000 after acquiring an additional 92 shares during the period. Stonebridge Financial Group LLC acquired a new position in Waste Connections during the 4th quarter valued at $27,000. Smartleaf Asset Management LLC boosted its holdings in Waste Connections by 59.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 71 shares during the period. Finally, Sierra Ocean LLC acquired a new stake in Waste Connections in the 4th quarter worth $39,000. Institutional investors and hedge funds own 86.09% of the company’s stock.

Waste Connections Trading Down 0.6 %

WCN stock opened at $192.80 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market capitalization of $49.81 billion, a price-to-earnings ratio of 80.67, a P/E/G ratio of 3.07 and a beta of 0.81. The business has a fifty day moving average price of $187.14 and a 200 day moving average price of $182.91. Waste Connections, Inc. has a fifty-two week low of $160.34 and a fifty-two week high of $194.83.

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

Waste Connections Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were given a dividend of $0.315 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.65%. Waste Connections’s payout ratio is 52.72%.

Wall Street Analyst Weigh In

WCN has been the subject of a number of research analyst reports. CIBC cut their price objective on shares of Waste Connections from $215.00 to $212.00 and set an “outperform” rating for the company in a research report on Thursday, December 19th. Truist Financial reiterated a “buy” rating and issued a $210.00 price objective (up previously from $200.00) on shares of Waste Connections in a research report on Friday, February 14th. Scotiabank lowered their price objective on Waste Connections from $196.00 to $192.00 and set a “sector perform” rating on the stock in a research report on Monday, January 27th. Morgan Stanley raised their target price on Waste Connections from $214.00 to $219.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Finally, Jefferies Financial Group lowered their price target on shares of Waste Connections from $225.00 to $210.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.