Sumitomo Mitsui Trust Group Inc. Has $60.27 Million Holdings in Waste Connections, Inc. (NYSE:WCN)

Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 8.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 308,764 shares of the business services provider's stock after buying an additional 24,670 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.12% of Waste Connections worth $60,268,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Private Trust Co. NA increased its position in shares of Waste Connections by 153.3% during the fourth quarter. Private Trust Co. NA now owns 152 shares of the business services provider's stock worth $26,000 after buying an additional 92 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in Waste Connections in the fourth quarter worth $28,000. Smartleaf Asset Management LLC grew its holdings in Waste Connections by 59.7% in the fourth 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 period. Global Financial Private Client LLC grew its holdings in Waste Connections by 890.0% in the first quarter. Global Financial Private Client LLC now owns 198 shares of the business services provider's stock worth $39,000 after purchasing an additional 178 shares during the period. Finally, Oarsman Capital Inc. grew its holdings in Waste Connections by 41.4% in the fourth quarter. Oarsman Capital Inc. now owns 222 shares of the business services provider's stock worth $38,000 after purchasing an additional 65 shares during the period. 86.09% of the stock is currently owned by institutional investors and hedge funds.

Waste Connections Stock Up 0.5%

WCN opened at $186.81 on Tuesday. 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's 50-day moving average is $192.34 and its 200 day moving average is $187.42. Waste Connections, Inc. has a fifty-two week low of $169.36 and a fifty-two week high of $201.66. The firm has a market capitalization of $48.27 billion, a P/E ratio of 76.88, a PEG ratio of 3.22 and a beta of 0.62.

Waste Connections (NYSE:WCN - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, beating 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 company 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. The firm's revenue was up 7.5% on a year-over-year basis. Research analysts expect that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors 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 dividend yield of 0.67%. The ex-dividend date was Wednesday, May 7th. Waste Connections's payout ratio is currently 51.85%.

Wall Street Analyst Weigh In

WCN has been the subject of a number of research reports. Melius initiated coverage on shares of Waste Connections in a report on Monday, June 9th. They issued a "buy" rating for the company. Royal Bank Of Canada restated an "outperform" rating and issued a $221.00 price target on shares of Waste Connections in a report on Friday, April 25th. William Blair initiated coverage on shares of Waste Connections in a report on Thursday, April 3rd. They issued an "outperform" rating for the company. Seaport Res Ptn upgraded shares of Waste Connections to a "strong-buy" rating in a report on Tuesday, May 6th. Finally, BMO Capital Markets raised their price target on shares of Waste Connections from $214.00 to $216.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Waste Connections presently has an average rating of "Buy" and an average price target of $212.29.

Waste Connections Company 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.

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