Fisher Funds Management LTD Has $11.40 Million Stock Position in Waste Connections, Inc. (NYSE:WCN)

Fisher Funds Management LTD grew its stake in Waste Connections, Inc. (NYSE:WCN - Free Report) by 44.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,411 shares of the business services provider's stock after purchasing an additional 17,835 shares during the period. Fisher Funds Management LTD's holdings in Waste Connections were worth $11,401,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of WCN. Norges Bank bought a new stake in shares of Waste Connections in the 4th quarter valued at approximately $687,935,000. FIL Ltd grew its stake in shares of Waste Connections by 46.2% in 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 purchasing an additional 2,269,652 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Waste Connections in the 4th quarter valued at approximately $240,422,000. GAMMA Investing LLC grew its stake in shares of Waste Connections by 19,519.1% in the 1st quarter. GAMMA Investing LLC now owns 918,564 shares of the business services provider's stock valued at $179,295,000 after purchasing an additional 913,882 shares during the period. Finally, Capital International Investors grew its stake in shares of Waste Connections by 17.8% in 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 purchasing an additional 899,058 shares during the period. 86.09% of the stock is currently owned by institutional investors.

Waste Connections Trading Up 1.0%

WCN traded up $1.75 during mid-day trading on Friday, reaching $179.85. The stock had a trading volume of 1,360,724 shares, compared to its average volume of 1,010,285. The stock has a market capitalization of $46.47 billion, a P/E ratio of 74.01, a P/E/G ratio of 3.14 and a beta of 0.60. 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 firm's fifty day simple moving average is $191.12 and its two-hundred day simple moving average is $187.38. Waste Connections, Inc. has a 52 week low of $169.36 and a 52 week high of $201.66.

Waste Connections (NYSE:WCN - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $1.13 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.06. The firm had revenue of $2.23 billion for 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 quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the company earned $1.04 EPS. On average, equities analysts predict that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 7th were paid a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date was Wednesday, May 7th. Waste Connections's dividend payout ratio (DPR) is currently 51.85%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WCN. Seaport Res Ptn upgraded Waste Connections to a "strong-buy" rating in a research note on Tuesday, May 6th. Citigroup increased their price target on Waste Connections from $209.00 to $212.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 29th. Melius Research upgraded Waste Connections to a "strong-buy" rating and set a $213.00 price target on the stock in a research report on Monday, June 9th. JPMorgan Chase & Co. increased their price target 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 price target 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 stock. Based on data from MarketBeat.com, Waste Connections presently has an average rating of "Buy" and an average price target of $212.29.

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.