TimesSquare Capital Management LLC Has $64.05 Million Holdings in Waste Connections, Inc. (NYSE:WCN)

TimesSquare Capital Management LLC lessened its holdings in Waste Connections, Inc. (NYSE:WCN - Free Report) by 26.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 328,128 shares of the business services provider's stock after selling 116,720 shares during the quarter. TimesSquare Capital Management LLC owned 0.13% of Waste Connections worth $64,047,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of WCN. Proficio Capital Partners LLC purchased a new stake in Waste Connections in the 4th quarter valued at approximately $387,000. Sequoia Financial Advisors LLC increased its holdings in shares of Waste Connections by 9.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 6,410 shares of the business services provider's stock worth $1,100,000 after buying an additional 569 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Waste Connections by 2.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 14,471 shares of the business services provider's stock worth $2,483,000 after buying an additional 411 shares during the last quarter. Choate Investment Advisors increased its holdings in shares of Waste Connections by 18.6% during the 4th quarter. Choate Investment Advisors now owns 97,862 shares of the business services provider's stock worth $16,801,000 after buying an additional 15,338 shares during the last quarter. Finally, Ninepoint Partners LP boosted its position in Waste Connections by 16.0% during the 4th quarter. Ninepoint Partners LP now owns 11,589 shares of the business services provider's stock worth $1,988,000 after purchasing an additional 1,600 shares during the period. Hedge funds and other institutional investors own 86.09% of the company's stock.

Waste Connections Price Performance

NYSE:WCN traded down $0.82 during trading hours on Tuesday, reaching $183.62. 1,469,098 shares of the company's stock were exchanged, compared to its average volume of 1,024,957. The company has a market capitalization of $47.45 billion, a P/E ratio of 75.56, a price-to-earnings-growth ratio of 3.20 and a beta of 0.60. Waste Connections, Inc. has a 12 month low of $169.36 and a 12 month high of $201.66. 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 business's 50-day simple moving average is $189.15 and its two-hundred day simple moving average is $187.96.

Waste Connections (NYSE:WCN - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same quarter last year, the business posted $1.04 EPS. The company's revenue was up 7.5% on a year-over-year basis. Sell-side analysts expect that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders 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 yield of 0.69%. Waste Connections's payout ratio is 51.85%.

Analyst Ratings Changes

A number of brokerages recently weighed in on WCN. National Bank Financial raised shares of Waste Connections to a "strong-buy" rating in a research report on Monday, May 26th. William Blair initiated coverage on shares of Waste Connections in a research report on Thursday, April 3rd. They set an "outperform" rating on the stock. Melius Research upgraded shares of Waste Connections to a "strong-buy" rating and set a $213.00 price objective on the stock in a research note on Monday, June 9th. JPMorgan Chase & Co. increased their price objective on shares of Waste Connections from $197.00 to $230.00 and gave the stock an "overweight" rating in a research note on Friday, May 23rd. Finally, Truist Financial set a $220.00 price target on shares of Waste Connections in a research note on Friday, April 25th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and four have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $213.93.

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.