Asset Management One Co. Ltd. raised its position in Waste Connections, Inc. (NYSE:WCN - Free Report) by 4.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,522 shares of the business services provider's stock after purchasing an additional 4,937 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Waste Connections were worth $21,182,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of WCN. Norges Bank purchased a new position in shares of Waste Connections in the 4th quarter worth about $687,935,000. FIL Ltd raised its holdings in shares of Waste Connections by 46.2% during the 4th quarter. FIL Ltd now owns 7,177,724 shares of the business services provider's stock valued at $1,231,368,000 after buying an additional 2,269,652 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Waste Connections during the 4th quarter valued at about $240,422,000. GAMMA Investing LLC raised its holdings in shares of Waste Connections by 19,519.1% during the 1st quarter. GAMMA Investing LLC now owns 918,564 shares of the business services provider's stock valued at $179,295,000 after buying an additional 913,882 shares during the period. Finally, Capital International Investors raised its holdings in shares of Waste Connections by 17.8% during the 4th quarter. Capital International Investors now owns 5,949,152 shares of the business services provider's stock valued at $1,020,672,000 after buying an additional 899,058 shares during the period. 86.09% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on WCN shares. Royal Bank Of Canada reiterated an "outperform" rating and set a $221.00 target price on shares of Waste Connections in a report on Friday, April 25th. Truist Financial set a $220.00 target price on Waste Connections in a report on Friday, April 25th. National Bank Financial upgraded Waste Connections to a "strong-buy" rating in a report on Monday, May 26th. JPMorgan Chase & Co. raised their target price on Waste Connections from $197.00 to $230.00 and gave the company an "overweight" rating in a report on Friday, May 23rd. Finally, Citigroup raised their price objective on Waste Connections from $209.00 to $212.00 and gave the company a "neutral" rating in a research note on Tuesday, April 29th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $212.29.
Get Our Latest Stock Analysis on WCN
Waste Connections Stock Performance
Shares of WCN traded down $1.53 during mid-day trading on Friday, hitting $185.96. The stock had a trading volume of 870,293 shares, compared to its average volume of 999,536. The company has a market cap of $48.05 billion, a PE ratio of 76.53, a PEG ratio of 3.22 and a beta of 0.62. The company's fifty day simple moving average is $192.50 and its two-hundred day simple moving average is $187.37. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.05. Waste Connections, Inc. has a fifty-two week low of $169.36 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 EPS for the quarter, topping the consensus estimate of $1.07 by $0.06. The company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.22 billion. Waste Connections had a return on equity of 15.74% and a net margin of 6.93%. The business's revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.04 EPS. On average, equities analysts expect that Waste Connections, Inc. will post 5.28 earnings per share for the current year.
Waste Connections Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 7th were given a $0.315 dividend. The ex-dividend date was Wednesday, May 7th. This represents a $1.26 annualized dividend and a dividend yield of 0.68%. Waste Connections's payout ratio is 51.85%.
Waste Connections Company Profile
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Free Report)
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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