Schechter Investment Advisors LLC Has $3.15 Million Stake in Waste Connections, Inc. (NYSE:WCN)

Schechter Investment Advisors LLC lessened its holdings in Waste Connections, Inc. (NYSE:WCN - Free Report) by 11.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,125 shares of the business services provider's stock after selling 2,074 shares during the quarter. Schechter Investment Advisors LLC's holdings in Waste Connections were worth $3,147,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Arizona State Retirement System lifted its position in Waste Connections by 2.7% during the 1st quarter. Arizona State Retirement System now owns 75,734 shares of the business services provider's stock worth $14,783,000 after buying an additional 1,959 shares in the last quarter. Ballentine Partners LLC acquired a new stake in shares of Waste Connections in the first quarter valued at about $221,000. Genus Capital Management Inc. raised its holdings in Waste Connections by 249.5% during the first quarter. Genus Capital Management Inc. now owns 24,572 shares of the business services provider's stock worth $4,789,000 after acquiring an additional 41,004 shares in the last quarter. Parr Mcknight Wealth Management Group LLC boosted its position in Waste Connections by 9.6% during the first quarter. Parr Mcknight Wealth Management Group LLC now owns 6,781 shares of the business services provider's stock valued at $1,324,000 after purchasing an additional 595 shares during the last quarter. Finally, Principal Securities Inc. grew its stake in Waste Connections by 1.1% in the first quarter. Principal Securities Inc. now owns 7,886 shares of the business services provider's stock valued at $1,539,000 after purchasing an additional 85 shares in the last quarter. Institutional investors and hedge funds own 86.09% of the company's stock.

Analysts Set New Price Targets

WCN has been the topic of a number of analyst reports. Citigroup upped their price objective on Waste Connections from $209.00 to $212.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 29th. William Blair began coverage on shares of Waste Connections in a research report on Thursday, April 3rd. They set an "outperform" rating on the stock. Truist Financial set a $220.00 price objective on shares of Waste Connections in a research report on Friday, April 25th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $221.00 target price on shares of Waste Connections in a report on Friday, April 25th. Finally, Oppenheimer lifted their price target on Waste Connections from $216.00 to $218.00 and gave the stock an "outperform" rating in a report on Wednesday. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $213.93.

Waste Connections Stock Performance

NYSE WCN traded up $1.42 on Friday, reaching $183.43. The stock had a trading volume of 1,389,814 shares, compared to its average volume of 1,021,279. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.70 and a quick ratio of 0.70. The company has a market cap of $47.40 billion, a P/E ratio of 75.49, a price-to-earnings-growth ratio of 3.19 and a beta of 0.60. The firm has a fifty day moving average of $189.72 and a two-hundred day moving average of $187.78. Waste Connections, Inc. has a 1-year low of $169.36 and a 1-year high of $201.66.

Waste Connections (NYSE:WCN - Get Free Report) last released its quarterly earnings results 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. Waste Connections had a net margin of 6.93% and a return on equity of 15.74%. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same period last year, the firm earned $1.04 earnings per share. Waste Connections's revenue for the quarter was up 7.5% compared to the same quarter last year. On average, equities research analysts anticipate that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 7th were given a $0.315 dividend. The ex-dividend date of this dividend was Wednesday, May 7th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.69%. Waste Connections's payout ratio 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.