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

Quantinno Capital Management LP increased its holdings in Waste Connections, Inc. (NYSE:WCN) by 18.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,922 shares of the business services provider’s stock after purchasing an additional 1,058 shares during the period. Quantinno Capital Management LP’s holdings in Waste Connections were worth $1,238,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Versor Investments LP increased its stake in shares of Waste Connections by 75.1% during the 3rd quarter. Versor Investments LP now owns 8,221 shares of the business services provider’s stock worth $1,470,000 after purchasing an additional 3,527 shares during the last quarter. Blueshift Asset Management LLC bought a new stake in shares of Waste Connections during the 3rd quarter valued at about $552,000. Dynamic Technology Lab Private Ltd bought a new stake in Waste Connections during the third quarter worth about $2,503,000. Mesirow Financial Investment Management Inc. lifted its stake in shares of Waste Connections by 65.6% in the third quarter. Mesirow Financial Investment Management Inc. now owns 3,034 shares of the business services provider’s stock worth $543,000 after buying an additional 1,202 shares in the last quarter. Finally, Gradient Investments LLC raised its holdings in shares of Waste Connections by 11.0% during the second quarter. Gradient Investments LLC now owns 65,052 shares of the business services provider’s stock valued at $11,408,000 after purchasing an additional 6,432 shares during the last quarter. Institutional investors own 86.09% of the company’s stock.

Waste Connections Price Performance

Shares of NYSE:WCN opened at $184.24 on Friday. The stock has a market cap of $47.55 billion, a PE ratio of 50.70, a price-to-earnings-growth ratio of 3.18 and a beta of 0.74. Waste Connections, Inc. has a 1-year low of $144.69 and a 1-year high of $194.83. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99. The stock’s fifty day simple moving average is $183.92 and its two-hundred day simple moving average is $179.88.

Waste Connections (NYSE:WCN) last issued its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.35 EPS for the quarter, topping the consensus estimate of $1.30 by $0.05. Waste Connections had a return on equity of 15.43% and a net margin of 10.81%. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the previous year, the firm earned $1.17 earnings per share. Waste Connections’s revenue was up 13.3% on a year-over-year basis. As a group, analysts forecast that Waste Connections, Inc. will post 4.84 EPS for the current fiscal year.

Waste Connections Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th were issued a dividend of $0.315 per share. This is an increase from Waste Connections’s previous quarterly dividend of $0.29. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Thursday, November 7th. Waste Connections’s dividend payout ratio is presently 34.62%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Oppenheimer upped their target price on shares of Waste Connections from $191.00 to $194.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. BMO Capital Markets lowered their price target on shares of Waste Connections from $198.00 to $196.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Morgan Stanley raised their price target on shares of Waste Connections from $206.00 to $214.00 and gave the stock an “overweight” rating in a research report on Thursday. Stifel Nicolaus boosted their price target on shares of Waste Connections from $205.00 to $212.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Royal Bank of Canada boosted their price target on shares of Waste Connections from $199.00 to $201.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Five research 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’s stock. According to MarketBeat, Waste Connections presently has an average rating of “Moderate Buy” and an average target price of $199.81.

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.