Quantinno Capital Management LP Has $1.24 Million Stock Holdings in Waste Connections, Inc. (NYSE:WCN)

Quantinno Capital Management LP raised its position in shares of Waste Connections, Inc. (NYSE:WCN) by 18.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,922 shares of the business services provider’s stock after acquiring an additional 1,058 shares during the period. Quantinno Capital Management LP’s holdings in Waste Connections were worth $1,238,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Polar Asset Management Partners Inc. boosted its stake in Waste Connections by 137.2% in the third quarter. Polar Asset Management Partners Inc. now owns 10,200 shares of the business services provider’s stock valued at $1,824,000 after acquiring an additional 5,900 shares during the last quarter. Prana Capital Management LP boosted its holdings in shares of Waste Connections by 828.8% during the 3rd quarter. Prana Capital Management LP now owns 45,204 shares of the business services provider’s stock worth $8,083,000 after buying an additional 40,337 shares during the period. Investment Management Corp of Ontario boosted its holdings in Waste Connections by 9.3% in the 3rd quarter. Investment Management Corp of Ontario now owns 19,895 shares of the business services provider’s stock valued at $3,558,000 after purchasing an additional 1,700 shares during the period. Harvey Partners LLC boosted its position in shares of Waste Connections by 17.4% during the 3rd quarter. Harvey Partners LLC now owns 252,500 shares of the business services provider’s stock worth $45,152,000 after acquiring an additional 37,500 shares in the last quarter. Finally, Hilltop Holdings Inc. acquired a new stake in shares of Waste Connections during the 3rd quarter worth approximately $330,000. Institutional investors and hedge funds own 86.09% of the company’s stock.

Analysts Set New Price Targets

WCN has been the subject of a number of analyst reports. Oppenheimer lifted their target price on shares of Waste Connections from $191.00 to $194.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Morgan Stanley boosted their price target on shares of Waste Connections from $206.00 to $214.00 and gave the company an “overweight” rating in a research report on Thursday. Stifel Nicolaus boosted their price objective on shares of Waste Connections from $205.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday. BMO Capital Markets cut their price objective on shares of Waste Connections from $198.00 to $196.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, Royal Bank of Canada upped their price target on shares of Waste Connections from $199.00 to $201.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $199.81.

Waste Connections Trading Down 0.3 %

WCN stock opened at $184.24 on Friday. Waste Connections, Inc. has a 1-year low of $144.69 and a 1-year high of $194.83. The firm has a market cap of $47.55 billion, a P/E ratio of 50.70, a P/E/G ratio of 3.18 and a beta of 0.74. The business’s 50 day moving average is $183.92 and its 200-day moving average is $179.88. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99.

Waste Connections (NYSE:WCN) last released its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.05. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.30 billion. Waste Connections had a return on equity of 15.43% and a net margin of 10.81%. The company’s revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.17 EPS. Equities analysts anticipate that Waste Connections, Inc. will post 4.84 earnings per share for the current fiscal year.

Waste Connections Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were given a $0.315 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.68%. This is a boost from Waste Connections’s previous quarterly dividend of $0.29. Waste Connections’s dividend payout ratio is currently 34.62%.

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.