EULAV Asset Management Lowers Stake in Waste Connections, Inc. (NYSE:WCN)

EULAV Asset Management cut its position in Waste Connections, Inc. (NYSE:WCN - Free Report) by 5.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 620,742 shares of the business services provider's stock after selling 36,446 shares during the quarter. Waste Connections comprises about 3.0% of EULAV Asset Management's holdings, making the stock its 4th largest position. EULAV Asset Management owned about 0.24% of Waste Connections worth $121,163,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd bought a new stake in shares of Waste Connections in the fourth quarter valued at $28,000. Smartleaf Asset Management LLC lifted its holdings in Waste Connections by 59.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider's stock worth $33,000 after purchasing an additional 71 shares in the last quarter. Global Financial Private Client LLC lifted its holdings in Waste Connections by 890.0% during the 1st quarter. Global Financial Private Client LLC now owns 198 shares of the business services provider's stock worth $39,000 after purchasing an additional 178 shares in the last quarter. Valley National Advisers Inc. lifted its holdings in Waste Connections by 232.3% during the 1st quarter. Valley National Advisers Inc. now owns 216 shares of the business services provider's stock worth $41,000 after purchasing an additional 151 shares in the last quarter. Finally, Oarsman Capital Inc. lifted its holdings in Waste Connections by 41.4% during the 4th quarter. Oarsman Capital Inc. now owns 222 shares of the business services provider's stock worth $38,000 after purchasing an additional 65 shares in the last quarter. 86.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on WCN shares. Royal Bank Of Canada reissued an "outperform" rating and set a $221.00 price objective on shares of Waste Connections in a report on Friday, April 25th. Scotiabank increased their price objective on Waste Connections from $192.00 to $207.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 8th. William Blair initiated coverage on Waste Connections in a report on Thursday, April 3rd. They set an "outperform" rating on the stock. JPMorgan Chase & Co. boosted their target price on Waste Connections from $197.00 to $230.00 and gave the stock an "overweight" rating in a research report on Friday, May 23rd. Finally, Truist Financial set a $220.00 target price on Waste Connections in a research report on Friday, April 25th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Waste Connections has an average rating of "Buy" and an average target price of $212.29.

Waste Connections Trading Up 1.0%

NYSE WCN opened at $179.85 on Monday. Waste Connections, Inc. has a fifty-two week low of $169.36 and a fifty-two week high of $201.66. 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 stock has a 50 day simple moving average of $191.12 and a two-hundred day simple moving average of $187.56. The stock has a market cap of $46.47 billion, a P/E ratio of 74.01, a price-to-earnings-growth ratio of 3.14 and a beta of 0.60.

Waste Connections (NYSE:WCN - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.06. Waste Connections had a return on equity of 15.74% and a net margin of 6.93%. The business had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $2.22 billion. During the same quarter last year, the business posted $1.04 EPS. The business's revenue was up 7.5% on a year-over-year basis. On average, analysts forecast that Waste Connections, Inc. will post 5.28 earnings per share for the current year.

Waste Connections Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 7th were issued a $0.315 dividend. This represents a $1.26 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend was 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.

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