R Squared Ltd Has $727,000 Stock Holdings in Waste Connections, Inc. $WCN

R Squared Ltd trimmed its position in Waste Connections, Inc. (NYSE:WCN - Free Report) by 65.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,144 shares of the business services provider's stock after selling 7,947 shares during the quarter. R Squared Ltd's holdings in Waste Connections were worth $727,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. City Holding Co. acquired a new position in Waste Connections in the 4th quarter valued at $26,000. Measured Wealth Private Client Group LLC acquired a new position in Waste Connections in the 3rd quarter valued at $26,000. KERR FINANCIAL PLANNING Corp acquired a new position in Waste Connections in the 3rd quarter valued at $30,000. Greykasell Wealth Strategies Inc. grew its holdings in Waste Connections by 555.2% in the 3rd quarter. Greykasell Wealth Strategies Inc. now owns 190 shares of the business services provider's stock valued at $33,000 after buying an additional 161 shares in the last quarter. Finally, Valley National Advisers Inc. grew its holdings in Waste Connections by 121.9% in the 4th quarter. Valley National Advisers Inc. now owns 304 shares of the business services provider's stock valued at $52,000 after buying an additional 167 shares in the last quarter. 86.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $211.00 price objective on shares of Waste Connections in a report on Thursday. UBS Group set a $205.00 price objective on Waste Connections in a report on Monday, January 5th. Barclays set a $176.00 target price on Waste Connections and gave the stock an "equal weight" rating in a report on Friday, February 13th. BNP Paribas Exane assumed coverage on Waste Connections in a report on Tuesday, January 6th. They set an "outperform" rating on the stock. Finally, Morgan Stanley set a $205.00 target price on Waste Connections and gave the stock an "overweight" rating in a report on Friday, February 13th. Four equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $203.15.

Waste Connections Stock Performance

WCN opened at $161.62 on Tuesday. The firm has a market cap of $41.25 billion, a P/E ratio of 39.42, a price-to-earnings-growth ratio of 2.97 and a beta of 0.61. Waste Connections, Inc. has a 52-week low of $154.90 and a 52-week high of $199.00. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.69 and a current ratio of 0.69. The business's fifty day moving average is $164.18 and its 200-day moving average is $168.71.

Waste Connections (NYSE:WCN - Get Free Report) last released its earnings results on Wednesday, April 22nd. The business services provider reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.04. The company had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.50 billion. Waste Connections had a return on equity of 16.49% and a net margin of 10.97%.Waste Connections's quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.13 EPS. Sell-side analysts expect that Waste Connections, Inc. will post 5.47 EPS for the current fiscal year.

Waste Connections Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 21st. Investors of record on Wednesday, May 6th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, May 6th. This represents a $1.40 annualized dividend and a yield of 0.9%. Waste Connections's dividend payout ratio (DPR) is 34.15%.

Waste Connections Company Profile

Waste Connections NYSE: WCN is a North American integrated waste services company that provides a range of solid waste and environmental services to municipal, commercial, industrial and residential customers. The company offers collection, transportation, transfer, disposal and recycling services, and operates an extensive network of transfer stations and disposal facilities. Waste Connections positions itself as a provider of infrastructure-driven waste solutions across many regions of the United States and Canada.

The company's operating activities include routine curbside and commercial collection, roll-off and container services, operation of landfills and transfer stations, and recycling and resource recovery programs.

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