Kohmann Bosshard Financial Services LLC Invests $51,000 in Waste Connections, Inc. (NYSE:WCN)

Kohmann Bosshard Financial Services LLC purchased a new position in shares of Waste Connections, Inc. (NYSE:WCN) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 296 shares of the business services provider’s stock, valued at approximately $51,000.

Several other hedge funds also recently modified their holdings of the business. FMR LLC increased its stake in shares of Waste Connections by 0.6% during the 3rd quarter. FMR LLC now owns 5,313,725 shares of the business services provider’s stock worth $950,055,000 after purchasing an additional 30,890 shares during the last quarter. Alphinity Investment Management Pty Ltd grew its stake in Waste Connections by 0.9% in the 4th quarter. Alphinity Investment Management Pty Ltd now owns 3,332,826 shares of the business services provider’s stock valued at $571,846,000 after buying an additional 29,542 shares during the last quarter. National Bank of Canada FI grew its stake in Waste Connections by 35.3% in the 3rd quarter. National Bank of Canada FI now owns 2,678,562 shares of the business services provider’s stock valued at $478,777,000 after buying an additional 699,012 shares during the last quarter. Fiera Capital Corp grew its stake in Waste Connections by 6.5% in the 3rd quarter. Fiera Capital Corp now owns 2,332,002 shares of the business services provider’s stock valued at $417,385,000 after buying an additional 142,751 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. grew its stake in Waste Connections by 15.5% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 2,303,339 shares of the business services provider’s stock valued at $401,936,000 after buying an additional 309,619 shares during the last quarter. Institutional investors and hedge funds own 86.09% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on WCN shares. Scotiabank lowered their target price on shares of Waste Connections from $196.00 to $192.00 and set a “sector perform” rating on the stock in a research note on Monday, January 27th. Truist Financial reissued a “buy” rating and issued a $210.00 price target (up from $200.00) on shares of Waste Connections in a report on Friday, February 14th. Stifel Nicolaus increased their price target on shares of Waste Connections from $205.00 to $212.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Citigroup increased their price target 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 reduced their price target 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 research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $202.43.

Waste Connections Price Performance

NYSE:WCN opened at $191.88 on Tuesday. The company has a 50-day moving average of $181.43 and a 200-day moving average of $182.37. The company has a market capitalization of $49.52 billion, a price-to-earnings ratio of 80.28, a PEG ratio of 3.07 and a beta of 0.77. Waste Connections, Inc. has a 52 week low of $160.34 and a 52 week high of $194.83. 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 (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 net margin of 6.92% and a return on equity of 15.54%. As a group, equities research analysts anticipate that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 27th will be issued a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Thursday, February 27th. Waste Connections’s dividend payout ratio is currently 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.