Sirios Capital Management L P Has $6.80 Million Stake in Waste Connections, Inc. (NYSE:WCN)

Sirios Capital Management L P lowered its stake in Waste Connections, Inc. (NYSE:WCN) by 2.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 39,645 shares of the business services provider’s stock after selling 1,177 shares during the quarter. Waste Connections comprises 1.2% of Sirios Capital Management L P’s investment portfolio, making the stock its 28th largest position. Sirios Capital Management L P’s holdings in Waste Connections were worth $6,802,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Waste Connections by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 29,293,002 shares of the business services provider’s stock valued at $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 fourth quarter. Bank of Montreal Can now owns 8,644,222 shares of the business services provider’s stock valued at $1,481,041,000 after buying an additional 356,798 shares during the period. FIL Ltd boosted its position in shares of 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 holdings 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 buying an additional 899,058 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Waste Connections by 2.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,736,179 shares of the business services provider’s stock worth $984,214,000 after acquiring an additional 150,683 shares during the last quarter. Institutional investors own 86.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on WCN shares. William Blair initiated coverage on Waste Connections in a report on Thursday, April 3rd. They issued an “outperform” rating for the company. 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 note on Tuesday, April 8th. Truist Financial restated a “buy” rating and issued a $210.00 target price (up previously from $200.00) on shares of Waste Connections in a research note on Friday, February 14th. Morgan Stanley raised their price target on shares of Waste Connections from $214.00 to $219.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Finally, Scotiabank raised their price objective on Waste Connections from $192.00 to $207.00 and gave the company a “sector perform” rating in a report on Tuesday, April 8th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $204.43.

Waste Connections Trading Up 1.6 %

Shares of Waste Connections stock opened at $197.75 on Wednesday. The firm has a market capitalization of $51.09 billion, a PE ratio of 82.74, a price-to-earnings-growth ratio of 3.07 and a beta of 0.67. 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 firm’s 50 day moving average is $190.46 and its 200 day moving average is $184.63. Waste Connections, Inc. has a 1 year low of $160.34 and a 1 year high of $201.66.

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

Waste Connections Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were paid a $0.315 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.26 annualized dividend and a dividend yield of 0.64%. Waste Connections’s dividend payout ratio is 52.72%.

About Waste Connections

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.