XTX Topco Ltd Has $2.49 Million Stock Holdings in Waste Connections, Inc. (NYSE:WCN)

XTX Topco Ltd raised its stake in Waste Connections, Inc. (NYSE:WCN) by 83.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,525 shares of the business services provider’s stock after purchasing an additional 6,620 shares during the period. XTX Topco Ltd’s holdings in Waste Connections were worth $2,492,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Private Trust Co. NA raised its holdings in Waste Connections by 153.3% in the 4th quarter. Private Trust Co. NA now owns 152 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 92 shares during the period. Manchester Capital Management LLC acquired a new stake in Waste Connections during the 4th quarter worth approximately $26,000. Stonebridge Financial Group LLC bought a new stake in Waste Connections in the 4th quarter valued at $27,000. Aster Capital Management DIFC Ltd bought a new position in Waste Connections during the 4th quarter worth $28,000. Finally, Smartleaf Asset Management LLC increased its position in 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. 86.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Citigroup decreased their price target on shares of Waste Connections from $218.00 to $209.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. CIBC lowered their target price on shares of Waste Connections from $215.00 to $212.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. Scotiabank boosted their price target on Waste Connections from $192.00 to $207.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 8th. Morgan Stanley raised their price objective on Waste Connections from $214.00 to $219.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Finally, Truist Financial reiterated a “buy” rating and set a $210.00 target price (up from $200.00) on shares of Waste Connections in a research report on Friday, February 14th. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $204.43.

Waste Connections Stock Performance

NYSE WCN opened at $194.74 on Monday. The firm’s fifty day moving average price is $189.47 and its two-hundred day moving average price is $183.76. The stock has a market cap of $50.31 billion, a PE ratio of 81.48, a PEG ratio of 3.07 and a beta of 0.67. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.65 and a current ratio of 0.65. Waste Connections, Inc. has a fifty-two week low of $160.34 and a fifty-two week high of $201.66.

Waste Connections (NYSE:WCN) last issued its 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 return on equity of 15.54% and a net margin of 6.92%. On average, equities analysts expect that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were issued a dividend of $0.315 per share. The ex-dividend date was Thursday, February 27th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.65%. Waste Connections’s dividend payout ratio (DPR) 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.