Y.D. More Investments Ltd Acquires 1,500 Shares of Waste Connections, Inc. (NYSE:WCN)

Key Points

• Y.D. More Investments Ltd has increased its holdings in Waste Connections by 54.5%, owning a total of 4,250 shares worth approximately $830,000 after acquiring an additional 1,500 shares.
• Waste Connections reported a quarterly EPS of $1.29, exceeding expectations, with revenue of $2.41 billion, a 7.1% increase year-over-year.
• The company declared a quarterly dividend of $0.315 per share, with a payout ratio of 50.81%, and is anticipated to have an average price target of $215.00 according to analysts.

Y.D. More Investments Ltd raised its holdings in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 54.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,250 shares of the business services provider's stock after purchasing an additional 1,500 shares during the quarter. Y.D. More Investments Ltd's holdings in Waste Connections were worth $830,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in WCN. Aster Capital Management DIFC Ltd bought a new position in shares of Waste Connections during the 4th quarter worth $28,000. Ramirez Asset Management Inc. raised its holdings in shares of Waste Connections by 122.0% in the 1st quarter. Ramirez Asset Management Inc. now owns 182 shares of the business services provider's stock valued at $36,000 after purchasing an additional 100 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of Waste Connections by 994.4% in the 1st quarter. Larson Financial Group LLC now owns 197 shares of the business services provider's stock worth $38,000 after purchasing an additional 179 shares during the period. Global Financial Private Client LLC boosted its stake in shares of Waste Connections by 890.0% during the first quarter. Global Financial Private Client LLC now owns 198 shares of the business services provider's stock valued at $39,000 after purchasing an additional 178 shares in the last quarter. Finally, Valley National Advisers Inc. increased its holdings in Waste Connections by 232.3% during the first quarter. Valley National Advisers Inc. now owns 216 shares of the business services provider's stock valued at $41,000 after buying an additional 151 shares during the period. Hedge funds and other institutional investors own 86.09% of the company's stock.

Waste Connections Stock Up 0.5%

NYSE:WCN opened at $187.84 on Thursday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.67 and a quick ratio of 0.67. The company's fifty day moving average price is $186.82 and its 200-day moving average price is $189.19. Waste Connections, Inc. has a 1-year low of $169.36 and a 1-year high of $201.66. The firm has a market capitalization of $48.54 billion, a P/E ratio of 75.74, a PEG ratio of 3.37 and a beta of 0.58.

Waste Connections (NYSE:WCN - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.25 by $0.04. The company had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.39 billion. Waste Connections had a net margin of 6.97% and a return on equity of 15.72%. The firm's revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.24 earnings per share. As a group, equities research analysts anticipate that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Wednesday, August 6th will be given a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a yield of 0.7%. The ex-dividend date is Wednesday, August 6th. Waste Connections's dividend payout ratio (DPR) is currently 50.81%.

Analysts Set New Price Targets

WCN has been the topic of a number of analyst reports. Truist Financial set a $220.00 price target on Waste Connections in a report on Friday, April 25th. Seaport Res Ptn upgraded Waste Connections to a "strong-buy" rating in a research note on Tuesday, May 6th. Melius Research raised shares of Waste Connections to a "strong-buy" rating and set a $213.00 price target for the company in a research report on Monday, June 9th. Royal Bank Of Canada lowered their price target on shares of Waste Connections from $221.00 to $219.00 and set an "outperform" rating on the stock in a report on Friday, July 25th. Finally, BMO Capital Markets boosted their price objective on shares of Waste Connections from $214.00 to $216.00 and gave the stock an "outperform" rating in a research note on Friday, April 25th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and five have assigned a strong buy rating to the stock. According to MarketBeat, Waste Connections currently has an average rating of "Buy" and a consensus price target of $215.00.

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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