Waste Connections, Inc. (NYSE:WCN) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its stake in Waste Connections, Inc. (NYSE:WCN - Free Report) by 36.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,054 shares of the business services provider's stock after selling 29,829 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Waste Connections were worth $9,965,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Bessemer Group Inc. lifted its position in Waste Connections by 8.9% in the first quarter. Bessemer Group Inc. now owns 14,899 shares of the business services provider's stock valued at $2,907,000 after buying an additional 1,221 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in Waste Connections by 4.8% in the first quarter. Asset Management One Co. Ltd. now owns 108,522 shares of the business services provider's stock valued at $21,182,000 after acquiring an additional 4,937 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in Waste Connections by 16.3% in the first quarter. Oppenheimer Asset Management Inc. now owns 52,047 shares of the business services provider's stock valued at $10,159,000 after acquiring an additional 7,313 shares in the last quarter. Palumbo Wealth Management LLC raised its holdings in Waste Connections by 22.1% in the first quarter. Palumbo Wealth Management LLC now owns 3,414 shares of the business services provider's stock valued at $665,000 after acquiring an additional 619 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in Waste Connections by 41.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 19,710 shares of the business services provider's stock valued at $3,843,000 after acquiring an additional 5,733 shares in the last quarter. Institutional investors and hedge funds own 86.09% of the company's stock.

Waste Connections Price Performance

Waste Connections stock opened at $185.96 on Monday. The company has a market cap of $48.05 billion, a P/E ratio of 76.53, a price-to-earnings-growth ratio of 3.22 and a beta of 0.62. Waste Connections, Inc. has a one year low of $169.36 and a one year high of $201.66. The business has a fifty day moving average of $192.50 and a two-hundred day moving average of $187.37. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.70 and a current ratio of 0.70.

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, topping the consensus estimate of $1.07 by $0.06. Waste Connections had a return on equity of 15.74% and a net margin of 6.93%. The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the previous year, the company posted $1.04 EPS. The business's revenue was up 7.5% on a year-over-year basis. As a group, analysts predict that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Dividend Announcement

The firm also recently announced 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 yield of 0.68%. The ex-dividend date of this dividend was Wednesday, May 7th. Waste Connections's dividend payout ratio (DPR) is presently 51.85%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on WCN. JPMorgan Chase & Co. raised their target price on shares of Waste Connections from $197.00 to $230.00 and gave the company an "overweight" rating in a report on Friday, May 23rd. Citigroup increased their price target on shares of Waste Connections from $209.00 to $212.00 and gave the company a "neutral" rating in a research note on Tuesday, April 29th. Melius Research upgraded shares of Waste Connections to a "strong-buy" rating and set a $213.00 price target on the stock in a research note on Monday, June 9th. Seaport Res Ptn upgraded shares of Waste Connections to a "strong-buy" rating in a research note on Tuesday, May 6th. Finally, Melius began coverage on shares of Waste Connections in a research note on Monday, June 9th. They issued a "buy" rating on the stock. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $212.29.

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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