Parr Mcknight Wealth Management Group LLC Invests $1.06 Million in Waste Connections, Inc. (NYSE:WCN)

Parr Mcknight Wealth Management Group LLC purchased a new stake in Waste Connections, Inc. (NYSE:WCN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 6,186 shares of the business services provider's stock, valued at approximately $1,061,000.

Other large investors have also made changes to their positions in the company. Private Trust Co. NA grew its stake in shares of Waste Connections by 153.3% in the 4th quarter. Private Trust Co. NA now owns 152 shares of the business services provider's stock valued at $26,000 after buying an additional 92 shares in the last quarter. Manchester Capital Management LLC acquired a new stake in Waste Connections in the 4th quarter worth approximately $26,000. Stonebridge Financial Group LLC acquired a new stake in Waste Connections in the 4th quarter worth approximately $27,000. Aster Capital Management DIFC Ltd acquired a new stake in Waste Connections in the 4th quarter worth approximately $28,000. Finally, Smartleaf Asset Management LLC lifted its holdings in Waste Connections by 59.7% in 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 during the last quarter. Institutional investors own 86.09% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on WCN. 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 report on Friday. BMO Capital Markets boosted their target price on Waste Connections from $214.00 to $216.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. Truist Financial set a $220.00 target price on Waste Connections in a report on Friday, April 25th. Scotiabank boosted their target price on Waste Connections from $192.00 to $207.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 8th. Finally, Citigroup upped their price target on Waste Connections from $209.00 to $212.00 and gave the stock a "neutral" rating in a report on Tuesday, April 29th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $212.23.

Waste Connections Stock Performance

Shares of NYSE WCN traded down $0.58 during trading hours on Tuesday, reaching $196.26. The stock had a trading volume of 768,034 shares, compared to its average volume of 1,005,381. The business's fifty day moving average is $193.70 and its two-hundred day moving average is $187.10. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market cap of $50.71 billion, a price-to-earnings ratio of 82.12, a PEG ratio of 3.07 and a beta of 0.66. Waste Connections, Inc. has a twelve month low of $160.34 and a twelve month high of $201.66.

Waste Connections (NYSE:WCN - Get Free Report) last issued its earnings results 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. Waste Connections had a return on equity of 15.54% and a net margin of 6.92%. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period in the prior year, the company posted $1.04 earnings per share. Waste Connections's revenue was up 7.5% on a year-over-year basis. As a group, research analysts expect 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. Shareholders of record on Wednesday, May 7th were given a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date was Wednesday, May 7th. Waste Connections's dividend payout ratio (DPR) is 51.85%.

Waste Connections 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.