ASR Vermogensbeheer N.V. Takes Position in Waste Connections, Inc. (NYSE:WCN)

ASR Vermogensbeheer N.V. purchased a new stake in Waste Connections, Inc. (NYSE:WCN - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 22,149 shares of the business services provider's stock, valued at approximately $4,323,000.

Other large investors also recently modified their holdings of the company. Aster Capital Management DIFC Ltd bought a new position in shares of Waste Connections in the 4th quarter valued at $28,000. Ramirez Asset Management Inc. lifted its stake in shares of Waste Connections by 122.0% in the 1st quarter. Ramirez Asset Management Inc. now owns 182 shares of the business services provider's stock valued at $36,000 after acquiring an additional 100 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of Waste Connections by 994.4% in the 1st quarter. Larson Financial Group LLC now owns 197 shares of the business services provider's stock valued at $38,000 after acquiring an additional 179 shares during the last quarter. Global Financial Private Client LLC increased its holdings in Waste Connections by 890.0% in the first quarter. Global Financial Private Client LLC now owns 198 shares of the business services provider's stock valued at $39,000 after purchasing an additional 178 shares during the period. Finally, Valley National Advisers Inc. increased its holdings in Waste Connections by 232.3% in the first quarter. Valley National Advisers Inc. now owns 216 shares of the business services provider's stock valued at $41,000 after purchasing an additional 151 shares during the period. 86.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

WCN has been the subject of a number of recent research reports. Oppenheimer increased their price objective on Waste Connections from $216.00 to $218.00 and gave the company an "outperform" rating in a report on Wednesday, July 9th. Scotiabank increased their price objective on Waste Connections from $202.00 to $208.00 and gave the company a "sector perform" rating in a report on Friday, July 25th. National Bank Financial upgraded Waste Connections to a "strong-buy" rating in a report on Monday, May 26th. BMO Capital Markets increased their price objective on Waste Connections from $214.00 to $216.00 and gave the company an "outperform" rating in a report on Friday, April 25th. Finally, Truist Financial set a $220.00 price objective on Waste Connections in a report on Friday, April 25th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and five have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $215.00.

Waste Connections Stock Performance

Shares of WCN opened at $187.87 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a 50-day moving average of $186.69 and a 200-day moving average of $189.26. The company has a market cap of $48.54 billion, a PE ratio of 75.76, a P/E/G ratio of 3.38 and a beta of 0.58. Waste Connections, Inc. has a one year low of $169.36 and a one year high of $201.66.

Waste Connections (NYSE:WCN - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.04. Waste Connections had a net margin of 6.97% and a return on equity of 15.72%. The business had revenue of $2.41 billion for the quarter, compared to analysts' expectations of $2.39 billion. During the same quarter last year, the firm earned $1.24 EPS. The firm's revenue for the quarter was up 7.1% compared to the same quarter last year. On average, equities research analysts predict that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Wednesday, August 6th will be given a $0.315 dividend. The ex-dividend date of this dividend is Wednesday, August 6th. This represents a $1.26 annualized dividend and a yield of 0.7%. Waste Connections's dividend payout ratio (DPR) is presently 50.81%.

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.

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