Voloridge Investment Management LLC Grows Stake in Waste Connections, Inc. (NYSE:WCN)

Voloridge Investment Management LLC grew its position in Waste Connections, Inc. (NYSE:WCN - Free Report) by 9.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 563,799 shares of the business services provider's stock after purchasing an additional 47,955 shares during the quarter. Voloridge Investment Management LLC owned about 0.22% of Waste Connections worth $96,737,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Waverly Advisors LLC purchased a new position in Waste Connections in the fourth quarter worth $289,000. Worldquant Millennium Advisors LLC purchased a new position in Waste Connections in the fourth quarter worth $208,000. Sone Capital Management LLC purchased a new position in Waste Connections in the fourth quarter worth $14,160,000. Sovereign s Capital Management LLC purchased a new position in Waste Connections in the fourth quarter worth $424,000. Finally, Twinbeech Capital LP grew its holdings in Waste Connections by 43.3% in the fourth quarter. Twinbeech Capital LP now owns 250,178 shares of the business services provider's stock worth $42,926,000 after purchasing an additional 75,616 shares during the last quarter. 86.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WCN has been the topic of several analyst reports. BMO Capital Markets lifted 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. Jefferies Financial Group lowered their price objective on shares of Waste Connections from $225.00 to $210.00 and set a "buy" rating for the company in a research note on Thursday, January 30th. Truist Financial set a $220.00 price objective on shares of Waste Connections in a research note on Friday, April 25th. Seaport Res Ptn upgraded shares of Waste Connections to a "strong-buy" rating in a research note on Tuesday, May 6th. Finally, Scotiabank lifted their price objective on shares of Waste Connections from $192.00 to $207.00 and gave the stock a "sector perform" rating in a research note on Tuesday, April 8th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Waste Connections has an average rating of "Moderate Buy" and a consensus target price of $208.21.

Waste Connections Trading Up 0.8%

NYSE WCN opened at $193.36 on Tuesday. The company has a market capitalization of $49.96 billion, a PE ratio of 80.90, a P/E/G ratio of 3.07 and a beta of 0.66. The company has a fifty day moving average of $192.80 and a 200 day moving average of $186.55. Waste Connections, Inc. has a 1 year low of $160.34 and a 1 year high of $201.66. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.65 and a quick ratio of 0.65.

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

Waste Connections Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Wednesday, May 7th will be given a dividend of $0.315 per share. The ex-dividend date is Wednesday, May 7th. This represents a $1.26 dividend on an annualized basis and a yield of 0.65%. Waste Connections's dividend payout ratio is presently 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.

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