Banque Cantonale Vaudoise Invests $678,000 in Waste Connections, Inc. (NYSE:WCN)

Key Points

• Banque Cantonale Vaudoise has invested approximately $678,000 in Waste Connections, acquiring 3,474 shares during the first quarter, according to a recent SEC filing.
• Waste Connections has received various ratings from analysts, with a consensus rating of "Buy" and a target price of $215.00 amid overall positive growth forecasts.
• The company is set to pay a quarterly dividend of $0.315 per share on August 21st, representing an annualized dividend yield of 0.7%.

Banque Cantonale Vaudoise acquired a new stake in Waste Connections, Inc. (NYSE:WCN - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,474 shares of the business services provider's stock, valued at approximately $678,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd acquired a new position in shares of Waste Connections in the 4th quarter valued at about $28,000. Ramirez Asset Management Inc. boosted its holdings 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 buying an additional 100 shares during the period. Oarsman Capital Inc. boosted its holdings in shares of Waste Connections by 41.4% in the 4th quarter. Oarsman Capital Inc. now owns 222 shares of the business services provider's stock valued at $38,000 after buying an additional 65 shares during the period. Larson Financial Group LLC boosted its holdings 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 buying an additional 179 shares during the period. Finally, Global Financial Private Client LLC boosted its holdings in shares of Waste Connections by 890.0% in the 1st quarter. Global Financial Private Client LLC now owns 198 shares of the business services provider's stock valued at $39,000 after buying an additional 178 shares during the period. 86.09% of the stock is owned by institutional investors.

Waste Connections Price Performance

Shares of WCN stock traded down $0.03 during midday trading on Friday, reaching $186.64. 1,129,567 shares of the company were exchanged, compared to its average volume of 1,365,086. Waste Connections, Inc. has a 12 month low of $169.36 and a 12 month high of $201.66. The company has a market cap of $48.23 billion, a P/E ratio of 75.26, a PEG ratio of 3.36 and a beta of 0.58. The company's 50 day moving average price is $187.54 and its two-hundred day moving average price is $188.92. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.67 and a current ratio of 0.67.

Waste Connections (NYSE:WCN - Get Free Report) last released its earnings results on Wednesday, July 23rd. The business services provider reported $1.29 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $2.39 billion. During the same period in the previous year, the firm earned $1.24 EPS. The business's revenue for the quarter was up 7.1% on a year-over-year basis. On average, sell-side analysts expect that Waste Connections, Inc. will post 5.28 earnings per share for the current year.

Waste Connections Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Scotiabank lifted their price target on shares of Waste Connections from $202.00 to $208.00 and gave the company a "sector perform" rating in a report on Friday, July 25th. Truist Financial set a $220.00 target price on shares of Waste Connections in a research note on Friday, April 25th. Oppenheimer boosted their target price on shares of Waste Connections from $216.00 to $218.00 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. Royal Bank Of Canada reduced their target price on shares of Waste Connections from $221.00 to $219.00 and set an "outperform" rating for the company in a research note on Friday, July 25th. Finally, Melius Research raised shares of Waste Connections to a "strong-buy" rating and set a $213.00 target price for the company in a research note on Monday, June 9th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and five have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $215.00.

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.