Cambridge Investment Research Advisors Inc. Buys 5,733 Shares of Waste Connections, Inc. (NYSE:WCN)

Cambridge Investment Research Advisors Inc. boosted its stake in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 41.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,710 shares of the business services provider's stock after purchasing an additional 5,733 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Waste Connections were worth $3,843,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Steward Partners Investment Advisory LLC boosted its position in shares of Waste Connections by 30.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,521 shares of the business services provider's stock valued at $604,000 after acquiring an additional 829 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of 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 acquiring an additional 71 shares during the period. Merit Financial Group LLC boosted its position in shares of Waste Connections by 92.8% in the first quarter. Merit Financial Group LLC now owns 3,551 shares of the business services provider's stock valued at $693,000 after acquiring an additional 1,709 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of Waste Connections by 2.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 14,471 shares of the business services provider's stock valued at $2,483,000 after acquiring an additional 411 shares during the period. Finally, LPL Financial LLC lifted its position in Waste Connections by 26.9% in the fourth quarter. LPL Financial LLC now owns 43,564 shares of the business services provider's stock worth $7,475,000 after purchasing an additional 9,240 shares during the period. 86.09% of the stock is owned by institutional investors.

Waste Connections Stock Performance

Shares of NYSE:WCN opened at $185.96 on Friday. Waste Connections, Inc. has a twelve month low of $169.36 and a twelve month high of $201.66. The firm has a market cap of $48.05 billion, a PE ratio of 76.53, a price-to-earnings-growth ratio of 3.22 and a beta of 0.62. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.70 and a current ratio of 0.70. The business has a fifty day moving average of $192.50 and a 200-day moving average of $187.35.

Waste Connections (NYSE:WCN - Get Free Report) last announced its 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 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 firm's quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the company posted $1.04 earnings per share. On average, equities research analysts predict that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Wednesday, May 7th were given a $0.315 dividend. The ex-dividend date of this dividend was Wednesday, May 7th. This represents a $1.26 dividend on an annualized basis and a yield of 0.68%. Waste Connections's payout ratio is 51.85%.

Wall Street Analyst Weigh In

WCN has been the subject of several research reports. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $221.00 target price on shares of Waste Connections in a research report on Friday, April 25th. Seaport Res Ptn raised Waste Connections to a "strong-buy" rating in a research report on Tuesday, May 6th. Truist Financial set a $220.00 target price on Waste Connections in a research report on Friday, April 25th. Melius initiated coverage on Waste Connections in a research report on Monday, June 9th. They issued a "buy" rating for the company. Finally, Citigroup raised their target price on Waste Connections from $209.00 to $212.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 29th. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $212.29.

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.

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