Parr Mcknight Wealth Management Group LLC Acquires Shares of 6,186 Waste Connections, Inc. (NYSE:WCN)

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

Several other large investors have also recently modified their holdings of the business. Barclays PLC lifted its position in Waste Connections by 34.3% during the third quarter. Barclays PLC now owns 303,040 shares of the business services provider's stock valued at $54,190,000 after purchasing an additional 77,466 shares during the last quarter. Merit Financial Group LLC bought a new stake in Waste Connections during the fourth quarter valued at approximately $316,000. Atomi Financial Group Inc. lifted its position in Waste Connections by 39.1% during the fourth quarter. Atomi Financial Group Inc. now owns 3,485 shares of the business services provider's stock valued at $598,000 after purchasing an additional 980 shares during the last quarter. Gradient Investments LLC lifted its position in Waste Connections by 21.5% during the fourth quarter. Gradient Investments LLC now owns 83,108 shares of the business services provider's stock valued at $14,260,000 after purchasing an additional 14,721 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in Waste Connections by 8.8% during the fourth quarter. Fifth Third Bancorp now owns 705 shares of the business services provider's stock valued at $121,000 after purchasing an additional 57 shares during the last quarter. Hedge funds and other institutional investors own 86.09% of the company's stock.

Waste Connections Trading Down 0.5%

NYSE:WCN traded down $1.05 during midday trading on Thursday, reaching $194.43. 213,034 shares of the stock traded hands, compared to its average volume of 1,001,710. The company has a fifty day moving average of $193.95 and a 200 day moving average of $187.22. Waste Connections, Inc. has a 12 month low of $160.34 and a 12 month high of $205.50. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market capitalization of $50.23 billion, a P/E ratio of 81.36, a PEG ratio of 3.07 and a beta of 0.66.

Waste Connections (NYSE:WCN - Get Free Report) last posted its quarterly 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 net margin of 6.92% and a return on equity of 15.54%. The company 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 business posted $1.04 EPS. The firm's revenue was up 7.5% compared to the same quarter last year. On average, research analysts predict that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Dividend Announcement

The business also recently disclosed 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. This represents a $1.26 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date was Wednesday, May 7th. Waste Connections's payout ratio is currently 51.85%.

Wall Street Analysts Forecast Growth

WCN has been the subject of several research analyst reports. Seaport Res Ptn upgraded shares of Waste Connections to a "strong-buy" rating in a research report on Tuesday, May 6th. Jefferies Financial Group dropped their target price on shares of Waste Connections from $225.00 to $210.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. Truist Financial set a $220.00 price objective on shares of Waste Connections in a report on Friday, April 25th. National Bank Financial upgraded shares of Waste Connections to a "strong-buy" rating in a report on Monday. Finally, Wall Street Zen lowered shares of Waste Connections from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Waste Connections has an average rating of "Moderate Buy" and a consensus target price of $212.23.

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.