Fox Run Management L.L.C. Has $1.20 Million Stake in Waste Connections, Inc. (NYSE:WCN)

Fox Run Management L.L.C. lifted its holdings in shares of Waste Connections, Inc. (NYSE:WCN) by 77.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,966 shares of the business services provider’s stock after buying an additional 3,031 shares during the quarter. Fox Run Management L.L.C.’s holdings in Waste Connections were worth $1,195,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Fifth Third Bancorp grew its position in shares of Waste Connections by 8.8% during the 4th quarter. Fifth Third Bancorp now owns 705 shares of the business services provider’s stock worth $121,000 after buying an additional 57 shares during the period. Jennison Associates LLC grew its position in shares of Waste Connections by 0.4% during the 4th quarter. Jennison Associates LLC now owns 14,247 shares of the business services provider’s stock worth $2,445,000 after buying an additional 63 shares during the period. Smartleaf Asset Management LLC grew its position in shares of Waste Connections by 59.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider’s stock worth $33,000 after buying an additional 71 shares during the period. Continuum Advisory LLC grew its position in shares of Waste Connections by 58.0% during the 3rd quarter. Continuum Advisory LLC now owns 226 shares of the business services provider’s stock worth $42,000 after buying an additional 83 shares during the period. Finally, Inspire Advisors LLC grew its position in shares of Waste Connections by 2.3% during the 4th quarter. Inspire Advisors LLC now owns 3,943 shares of the business services provider’s stock worth $676,000 after buying an additional 87 shares during the period. Institutional investors and hedge funds own 86.09% of the company’s stock.

Waste Connections Stock Down 0.3 %

Waste Connections stock opened at $189.35 on Friday. The stock has a market capitalization of $48.86 billion, a PE ratio of 79.22, a price-to-earnings-growth ratio of 3.07 and a beta of 0.81. Waste Connections, Inc. has a twelve month low of $160.34 and a twelve month high of $194.83. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.03. The company has a 50 day moving average of $185.60 and a 200-day moving average of $182.62.

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

Waste Connections Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were given a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date was Thursday, February 27th. Waste Connections’s dividend payout ratio is presently 52.72%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on WCN shares. Stifel Nicolaus lifted their price target on shares of Waste Connections from $205.00 to $212.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Oppenheimer boosted their price objective on shares of Waste Connections from $192.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Jefferies Financial Group decreased their price objective on shares of Waste Connections from $225.00 to $210.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Citigroup boosted their price objective on shares of Waste Connections from $195.00 to $196.00 and gave the company a “neutral” rating in a report on Monday, January 13th. Finally, CIBC decreased their price objective on shares of Waste Connections from $215.00 to $212.00 and set an “outperform” rating for the company in a report on Thursday, December 19th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Waste Connections has an average rating of “Moderate Buy” and a consensus price target of $202.43.

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.