Harvest Investment Services LLC Purchases Shares of 1,728 Waste Connections, Inc. (NYSE:WCN)

Harvest Investment Services LLC acquired a new stake in Waste Connections, Inc. (NYSE:WCN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,728 shares of the business services provider's stock, valued at approximately $296,000.

Other institutional investors also recently added to or reduced their stakes in the company. Private Trust Co. NA grew its holdings in Waste Connections by 153.3% during the fourth quarter. Private Trust Co. NA now owns 152 shares of the business services provider's stock worth $26,000 after acquiring an additional 92 shares during the period. Manchester Capital Management LLC acquired a new stake in shares of Waste Connections during the 4th quarter valued at approximately $26,000. Stonebridge Financial Group LLC purchased a new stake in shares of Waste Connections during the 4th quarter worth approximately $27,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Waste Connections in the 4th quarter worth approximately $28,000. Finally, Smartleaf Asset Management LLC raised its holdings in Waste Connections by 59.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider's stock worth $33,000 after purchasing an additional 71 shares during the last quarter. Hedge funds and other institutional investors own 86.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. William Blair initiated coverage on shares of Waste Connections in a research note on Thursday, April 3rd. They issued an "outperform" rating on the stock. Jefferies Financial Group cut their price target on Waste Connections from $225.00 to $210.00 and set a "buy" rating for the company in a report on Thursday, January 30th. Citigroup lowered their price objective on Waste Connections from $218.00 to $209.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Truist Financial set a $220.00 price target on shares of Waste Connections in a research note on Friday. Finally, StockNews.com downgraded Waste Connections from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Waste Connections presently has an average rating of "Moderate Buy" and a consensus target price of $206.57.

Waste Connections Stock Performance

WCN stock traded down $0.64 during midday trading on Monday, reaching $193.83. The company had a trading volume of 418,133 shares, compared to its average volume of 971,225. 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 stock has a 50 day moving average price of $190.88 and a 200 day moving average price of $185.00. The firm has a market capitalization of $50.08 billion, a PE ratio of 81.10, a P/E/G ratio of 3.07 and a beta of 0.67. 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 - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.06. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.22 billion. Waste Connections had a return on equity of 15.54% and a net margin of 6.92%. Analysts anticipate that Waste Connections, Inc. will post 5.28 earnings per share for the current year.

Waste Connections Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 7th will be paid a $0.315 dividend. The ex-dividend date is Wednesday, May 7th. This represents a $1.26 annualized dividend and a dividend yield of 0.65%. Waste Connections's payout ratio is currently 51.85%.

Waste Connections 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.