UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stake in Waste Connections, Inc. (NYSE:WCN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Waste Connections, Inc. (NYSE:WCN - Free Report) by 18.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,163,790 shares of the business services provider's stock after acquiring an additional 183,540 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.45% of Waste Connections worth $199,683,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of WCN. Fifth Third Bancorp grew its position in Waste Connections by 8.8% during the 4th quarter. Fifth Third Bancorp now owns 705 shares of the business services provider's stock worth $121,000 after acquiring an additional 57 shares during the last quarter. Jennison Associates LLC grew its position in shares of Waste Connections by 0.4% in the 4th quarter. Jennison Associates LLC now owns 14,247 shares of the business services provider's stock worth $2,445,000 after buying an additional 63 shares during the last quarter. Oarsman Capital Inc. grew its position 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 worth $38,000 after buying an additional 65 shares during the last quarter. Smartleaf Asset Management LLC grew its position 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 worth $33,000 after buying an additional 71 shares during the last quarter. Finally, Inspire Advisors LLC grew its position in shares of Waste Connections by 2.3% in the 4th quarter. Inspire Advisors LLC now owns 3,943 shares of the business services provider's stock worth $676,000 after buying an additional 87 shares during the last quarter. Hedge funds and other institutional investors own 86.09% of the company's stock.

Analyst Ratings Changes

WCN has been the subject of a number of research analyst reports. Truist Financial set a $220.00 target price on Waste Connections in a research note on Friday, April 25th. BMO Capital Markets boosted their price target on Waste Connections from $214.00 to $216.00 and gave the stock an "outperform" rating in a research note on Friday, April 25th. William Blair assumed coverage on Waste Connections in a research note on Thursday, April 3rd. They issued an "outperform" 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 research note on Friday, April 25th. Finally, Citigroup boosted their price target on Waste Connections from $209.00 to $212.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 29th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $208.21.

Waste Connections Stock Performance

NYSE:WCN opened at $194.86 on Friday. The stock has a 50-day simple moving average of $193.40 and a two-hundred day simple moving average of $186.80. Waste Connections, Inc. has a 52-week low of $160.34 and a 52-week high of $201.66. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market capitalization of $50.35 billion, a PE ratio of 81.53, a P/E/G ratio of 3.07 and a beta of 0.66.

Waste Connections (NYSE:WCN - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.06. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.22 billion. Waste Connections had a return on equity of 15.54% and a net margin of 6.92%. Waste Connections's revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.04 earnings per share. Analysts forecast that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 7th were paid a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend was Wednesday, May 7th. Waste Connections's dividend payout ratio (DPR) is 51.85%.

About Waste Connections

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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