Perpetual Ltd Has $15.32 Million Stock Holdings in Waste Connections, Inc. (NYSE:WCN)

Perpetual Ltd grew its position in Waste Connections, Inc. (NYSE:WCN - Free Report) by 12.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 78,499 shares of the business services provider's stock after acquiring an additional 8,611 shares during the period. Perpetual Ltd's holdings in Waste Connections were worth $15,322,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Oarsman Capital Inc. lifted its stake in shares of Waste Connections by 41.4% in the 4th quarter. Oarsman Capital Inc. now owns 222 shares of the business services provider's stock valued at $38,000 after acquiring an additional 65 shares during the last quarter. AdvisorNet Financial Inc lifted its stake in shares of Waste Connections by 28.9% in the 1st quarter. AdvisorNet Financial Inc now owns 290 shares of the business services provider's stock valued at $57,000 after acquiring an additional 65 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Waste Connections by 59.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider's stock valued at $33,000 after acquiring an additional 71 shares during the last quarter. Integrated Advisors Network LLC lifted its stake in shares of Waste Connections by 5.5% in the 4th quarter. Integrated Advisors Network LLC now owns 1,562 shares of the business services provider's stock valued at $268,000 after acquiring an additional 81 shares during the last quarter. Finally, Continuum Advisory LLC lifted its stake in shares of Waste Connections by 36.3% in the 4th quarter. Continuum Advisory LLC now owns 308 shares of the business services provider's stock valued at $53,000 after acquiring an additional 82 shares during the last quarter. 86.09% of the stock is currently owned by institutional investors.

Waste Connections Trading Up 0.5%

Waste Connections stock traded up $0.91 during trading hours on Monday, reaching $186.81. 1,048,072 shares of the company's stock were exchanged, compared to its average volume of 999,730. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.05. The firm's 50 day simple moving average is $192.34 and its 200 day simple moving average is $187.42. Waste Connections, Inc. has a twelve month low of $169.36 and a twelve month high of $201.66. The firm has a market capitalization of $48.27 billion, a PE ratio of 76.88, a PEG ratio of 3.22 and a beta of 0.62.

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

Waste Connections Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 7th were paid a $0.315 dividend. The ex-dividend date of this dividend was Wednesday, May 7th. This represents a $1.26 annualized dividend and a dividend yield of 0.67%. Waste Connections's dividend payout ratio is presently 51.85%.

Wall Street Analyst Weigh In

WCN has been the subject of a number of research reports. Melius initiated coverage on Waste Connections in a research note on Monday, June 9th. They issued a "buy" rating for the company. Melius Research raised Waste Connections to a "strong-buy" rating and set a $213.00 target price for the company in a research report on Monday, June 9th. Citigroup raised their target price on Waste Connections from $209.00 to $212.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 29th. JPMorgan Chase & Co. raised 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, Seaport Res Ptn raised Waste Connections to a "strong-buy" rating in a research report on Tuesday, May 6th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $212.29.

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.