Bamco Inc. NY Has $51.47 Million Stake in Waste Connections, Inc. (NYSE:WCN)

Bamco Inc. NY cut its position in Waste Connections, Inc. (NYSE:WCN - Free Report) by 10.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 300,000 shares of the business services provider's stock after selling 35,000 shares during the quarter. Bamco Inc. NY owned approximately 0.12% of Waste Connections worth $51,474,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. grew its stake in shares of Waste Connections by 307.1% during the 3rd quarter. Principal Financial Group Inc. now owns 1,927,155 shares of the business services provider's stock worth $344,615,000 after purchasing an additional 1,453,733 shares during the period. Barclays PLC lifted its position in Waste Connections by 34.3% during the third quarter. Barclays PLC now owns 303,040 shares of the business services provider's stock valued at $54,190,000 after buying an additional 77,466 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Waste Connections in the third quarter valued at approximately $188,000. Tidal Investments LLC grew its stake in shares of Waste Connections by 2.0% during the third quarter. Tidal Investments LLC now owns 7,786 shares of the business services provider's stock valued at $1,392,000 after acquiring an additional 151 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Waste Connections by 785.1% in the 4th quarter. GAMMA Investing LLC now owns 4,682 shares of the business services provider's stock valued at $803,000 after purchasing an additional 4,153 shares in the last quarter. 86.09% of the stock is owned by institutional investors and hedge funds.

Waste Connections Stock Performance

Waste Connections stock traded down $0.28 on Friday, hitting $195.28. The company's stock had a trading volume of 589,154 shares, compared to its average volume of 968,904. Waste Connections, Inc. has a one year low of $160.34 and a one year high of $201.66. The firm has a market cap of $50.45 billion, a P/E ratio of 81.71, a price-to-earnings-growth ratio of 3.07 and a beta of 0.66. The company has a fifty day moving average price of $192.38 and a 200-day moving average price of $185.88. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.03.

Waste Connections (NYSE:WCN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, beating analysts' consensus estimates of $1.07 by $0.06. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.22 billion. Waste Connections had a net margin of 6.92% and a return on equity of 15.54%. Waste Connections's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.04 earnings per share. On average, equities analysts anticipate that Waste Connections, Inc. will post 5.28 earnings per share for the current year.

Waste Connections Dividend Announcement

The business also recently announced 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. This represents a $1.26 annualized dividend and a yield of 0.65%. The ex-dividend date is Wednesday, May 7th. Waste Connections's payout ratio is 51.85%.

Analysts Set New Price Targets

A number of brokerages have weighed in on WCN. Seaport Res Ptn raised shares of Waste Connections to a "strong-buy" rating in a report on Tuesday. Morgan Stanley raised their target price on Waste Connections from $214.00 to $219.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Truist Financial set a $220.00 price target on shares of Waste Connections in a research report on Friday, April 25th. Jefferies Financial Group cut their target price on Waste Connections from $225.00 to $210.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. Finally, William Blair started coverage on Waste Connections in a report on Thursday, April 3rd. They issued an "outperform" rating for the company. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $208.21.

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.