Robeco Institutional Asset Management B.V. Sells 29,829 Shares of Waste Connections, Inc. (NYSE:WCN)

Robeco Institutional Asset Management B.V. lowered its stake in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 36.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 51,054 shares of the business services provider's stock after selling 29,829 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Waste Connections were worth $9,965,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. QRG Capital Management Inc. raised its stake in Waste Connections by 10.9% during the 4th quarter. QRG Capital Management Inc. now owns 15,373 shares of the business services provider's stock worth $2,637,000 after buying an additional 1,514 shares during the period. Private Trust Co. NA increased its holdings in shares of Waste Connections by 153.3% during the fourth quarter. Private Trust Co. NA now owns 152 shares of the business services provider's stock valued at $26,000 after acquiring an additional 92 shares in the last quarter. Metis Global Partners LLC raised its position in shares of Waste Connections by 9.3% during the fourth quarter. Metis Global Partners LLC now owns 5,066 shares of the business services provider's stock worth $869,000 after purchasing an additional 431 shares during the period. Smartleaf Asset Management LLC lifted its holdings 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 purchasing an additional 71 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of Waste Connections in the 4th quarter worth $51,000. Institutional investors own 86.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. BMO Capital Markets boosted their price target on shares of Waste Connections from $214.00 to $216.00 and gave the company an "outperform" rating in a research note on Friday, April 25th. Melius Research upgraded shares of Waste Connections to a "strong-buy" rating and set a $213.00 price objective for the company in a report on Monday, June 9th. Truist Financial set a $220.00 target price on shares of Waste Connections in a report on Friday, April 25th. Citigroup raised their price target on shares of Waste Connections from $209.00 to $212.00 and gave the company a "neutral" rating in a research report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. lifted their price target on Waste Connections from $197.00 to $230.00 and gave the company an "overweight" rating in a research note on Friday, May 23rd. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $212.29.

Waste Connections Stock Performance

Waste Connections stock traded up $1.75 during mid-day trading on Thursday, reaching $179.85. 1,360,724 shares of the company's stock were exchanged, compared to its average volume of 1,008,519. The business's fifty day simple moving average is $191.75 and its 200 day simple moving average is $187.34. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.05. Waste Connections, Inc. has a one year low of $169.36 and a one year high of $201.66. The firm has a market capitalization of $46.47 billion, a PE ratio of 74.01, a P/E/G ratio of 3.22 and a beta of 0.60.

Waste Connections (NYSE:WCN - Get Free Report) last released its earnings results 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. The company had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.22 billion. Waste Connections had a return on equity of 15.74% and a net margin of 6.93%. The business's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.04 EPS. On average, sell-side analysts expect that Waste Connections, Inc. will post 5.28 earnings per share for the current year.

Waste Connections Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 7th were given a $0.315 dividend. This represents a $1.26 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend was Wednesday, May 7th. Waste Connections's dividend payout ratio 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.