MGO One Seven LLC Acquires 3,780 Shares of Waste Connections, Inc. (NYSE:WCN)

MGO One Seven LLC lifted its holdings in Waste Connections, Inc. (NYSE:WCN) by 130.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,687 shares of the business services provider’s stock after purchasing an additional 3,780 shares during the period. MGO One Seven LLC’s holdings in Waste Connections were worth $1,147,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Waste Connections by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 29,293,002 shares of the business services provider’s stock worth $5,025,836,000 after buying an additional 174,121 shares during the last quarter. Bank of Montreal Can lifted its holdings in Waste Connections by 4.3% in the 4th quarter. Bank of Montreal Can now owns 8,644,222 shares of the business services provider’s stock worth $1,481,041,000 after purchasing an additional 356,798 shares during the last quarter. FIL Ltd lifted its holdings in Waste Connections by 46.2% in the 4th quarter. FIL Ltd now owns 7,177,724 shares of the business services provider’s stock worth $1,231,368,000 after purchasing an additional 2,269,652 shares during the last quarter. Capital International Investors boosted its position in Waste Connections by 17.8% during the fourth quarter. Capital International Investors now owns 5,949,152 shares of the business services provider’s stock worth $1,020,672,000 after purchasing an additional 899,058 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in Waste Connections by 2.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,736,179 shares of the business services provider’s stock valued at $984,214,000 after purchasing an additional 150,683 shares during the last quarter. 86.09% of the stock is currently owned by institutional investors.

Waste Connections Stock Performance

Shares of NYSE WCN opened at $194.35 on Friday. Waste Connections, Inc. has a one year low of $160.34 and a one year high of $201.66. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.03. The business has a fifty day simple moving average of $190.88 and a 200 day simple moving average of $184.95. The firm has a market capitalization of $50.21 billion, a price-to-earnings ratio of 81.32, a PEG ratio of 3.07 and a beta of 0.67.

Waste Connections (NYSE:WCN) last announced its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.06. Waste Connections had a net margin of 6.92% and a return on equity of 15.54%. The company had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.22 billion. Sell-side analysts expect that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 7th will be issued a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend is Wednesday, May 7th. Waste Connections’s payout ratio is 51.85%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on WCN shares. Truist Financial set a $220.00 price objective on shares of Waste Connections in a report on Friday. William Blair initiated coverage on shares of Waste Connections in a report on Thursday, April 3rd. They set an “outperform” rating for the company. BMO Capital Markets lifted their price objective on Waste Connections from $214.00 to $216.00 and gave the stock an “outperform” rating in a research note on Friday. StockNews.com downgraded Waste Connections from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Finally, Citigroup dropped their price target on Waste Connections from $218.00 to $209.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $206.57.

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.