Brevan Howard Capital Management LP Buys Shares of 3,991 Waste Connections, Inc. (NYSE:WCN)

Brevan Howard Capital Management LP acquired a new position in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,991 shares of the business services provider's stock, valued at approximately $685,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Manchester Capital Management LLC bought a new position in shares of Waste Connections during the fourth quarter worth about $26,000. Private Trust Co. NA grew its stake in shares of Waste Connections by 153.3% during the 4th 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 in the last quarter. Stonebridge Financial Group LLC acquired a new stake in shares of Waste Connections in the fourth quarter valued at approximately $27,000. Aster Capital Management DIFC Ltd acquired a new position in Waste Connections during the fourth quarter worth $28,000. Finally, Smartleaf Asset Management LLC grew its position in Waste Connections by 59.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider's stock valued at $33,000 after purchasing an additional 71 shares in the last quarter. 86.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on WCN shares. Seaport Res Ptn raised Waste Connections to a "strong-buy" rating in a research report on Tuesday, May 6th. BMO Capital Markets boosted their price target on Waste Connections from $214.00 to $216.00 and gave the stock an "outperform" rating in a research report on Friday, April 25th. Truist Financial set a $220.00 price objective on Waste Connections in a report on Friday, April 25th. Morgan Stanley boosted their target price on shares of Waste Connections from $214.00 to $219.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Finally, William Blair assumed coverage on shares of Waste Connections in a research note 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 given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $208.21.

Waste Connections Stock Performance

WCN traded down $0.28 during trading on Friday, hitting $195.28. The stock had a trading volume of 631,254 shares, compared to its average volume of 972,311. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.65 and a quick ratio of 0.65. The company has a 50 day moving average price of $192.47 and a 200-day moving average price of $186.07. 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 price-to-earnings ratio of 81.71, a P/E/G ratio of 3.07 and a beta of 0.66.

Waste Connections (NYSE:WCN - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.07 by $0.06. Waste Connections had a net margin of 6.92% and a return on equity of 15.54%. The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the prior year, the company posted $1.04 earnings per share. Waste Connections's revenue was up 7.5% compared to the same quarter last year. As a group, research analysts predict that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Announces Dividend

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

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.