New York State Common Retirement Fund Has $35.29 Million Holdings in Waste Connections, Inc. (NYSE:WCN)

New York State Common Retirement Fund cut its stake in Waste Connections, Inc. (NYSE:WCN - Free Report) by 3.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,772 shares of the business services provider's stock after selling 5,542 shares during the period. New York State Common Retirement Fund owned 0.07% of Waste Connections worth $35,285,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Royal Bank Of Canada reiterated an "outperform" rating and set a $221.00 target price on shares of Waste Connections in a research note on Friday, April 25th. Oppenheimer increased their price objective on shares of Waste Connections from $216.00 to $218.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 9th. Melius started coverage on Waste Connections in a research report on Monday, June 9th. They set a "buy" rating on the stock. Scotiabank raised their price target on Waste Connections from $192.00 to $207.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 8th. Finally, William Blair began coverage on Waste Connections in a research note on Thursday, April 3rd. They set an "outperform" rating for the company. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, Waste Connections has a consensus rating of "Buy" and an average target price of $213.93.

Waste Connections Trading Down 0.3%

Shares of NYSE WCN traded down $0.47 during midday trading on Thursday, reaching $182.37. 1,184,547 shares of the stock were exchanged, compared to its average volume of 1,027,570. 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 business has a 50-day simple moving average of $188.84 and a two-hundred day simple moving average of $187.92. Waste Connections, Inc. has a 12 month low of $169.36 and a 12 month high of $201.66. The company has a market capitalization of $47.12 billion, a price-to-earnings ratio of 75.05, a P/E/G ratio of 3.19 and a beta of 0.60.

Waste Connections (NYSE:WCN - Get Free Report) last issued 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. 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 analysts' expectations of $2.22 billion. During the same period in the prior year, the firm earned $1.04 EPS. Waste Connections's quarterly revenue was up 7.5% compared to the same quarter last year. As a group, equities research analysts expect that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Announces Dividend

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.