Waste Connections, Inc. (NYSE:WCN) Shares Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lifted its stake in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 16.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 52,047 shares of the business services provider's stock after purchasing an additional 7,313 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Waste Connections were worth $10,159,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Global Retirement Partners LLC grew its position in Waste Connections by 247.3% during the fourth quarter. Global Retirement Partners LLC now owns 1,365 shares of the business services provider's stock worth $234,000 after buying an additional 972 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of Waste Connections by 11.2% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 59,800 shares of the business services provider's stock worth $10,261,000 after acquiring an additional 6,000 shares during the period. Union Bancaire Privee UBP SA purchased a new position in Waste Connections in the 4th quarter valued at approximately $2,601,000. Y Intercept Hong Kong Ltd increased its stake in Waste Connections by 241.3% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 13,768 shares of the business services provider's stock valued at $2,362,000 after purchasing an additional 9,734 shares in the last quarter. Finally, Brown Financial Advisors raised its holdings in Waste Connections by 18.6% during the fourth quarter. Brown Financial Advisors now owns 5,077 shares of the business services provider's stock worth $871,000 after purchasing an additional 798 shares during the last quarter. Hedge funds and other institutional investors own 86.09% of the company's stock.

Waste Connections Trading Down 0.8%

Shares of WCN traded down $1.53 during trading hours on Friday, hitting $185.96. The stock had a trading volume of 870,293 shares, compared to its average volume of 998,961. Waste Connections, Inc. has a 12-month low of $169.36 and a 12-month high of $201.66. The firm has a market cap of $48.05 billion, a P/E ratio of 76.53, a P/E/G 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 company's fifty day simple moving average is $192.73 and its 200 day simple moving average is $187.33.

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

Waste Connections Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 7th were given a dividend of $0.315 per share. The ex-dividend date was Wednesday, May 7th. This represents a $1.26 dividend on an annualized basis and a yield of 0.68%. Waste Connections's dividend payout ratio (DPR) is 51.85%.

Analyst Ratings Changes

WCN has been the topic of several research reports. Truist Financial set a $220.00 target price on Waste Connections in a report on Friday, April 25th. JPMorgan Chase & Co. increased their price objective on shares of Waste Connections from $197.00 to $230.00 and gave the company an "overweight" rating in a research note on Friday, May 23rd. National Bank Financial upgraded shares of Waste Connections to a "strong-buy" rating in a report on Monday, May 26th. William Blair started coverage on shares of Waste Connections in a report on Thursday, April 3rd. They issued an "outperform" rating on the stock. Finally, Melius Research upgraded shares of 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. Four equities 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 stock. According to MarketBeat, Waste Connections currently has a consensus rating of "Buy" and a consensus 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.