Nissay Asset Management Corp Japan ADV Has $11.32 Million Holdings in Waste Connections, Inc. (NYSE:WCN)

Nissay Asset Management Corp Japan ADV lessened its holdings in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 9.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 66,103 shares of the business services provider's stock after selling 7,061 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Waste Connections were worth $11,321,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Private Trust Co. NA raised its stake in Waste Connections by 153.3% during the 4th quarter. Private Trust Co. NA now owns 152 shares of the business services provider's stock worth $26,000 after buying an additional 92 shares during the period. Manchester Capital Management LLC bought a new position in Waste Connections during the 4th quarter worth about $26,000. Stonebridge Financial Group LLC bought a new position in Waste Connections during the 4th quarter worth about $27,000. Aster Capital Management DIFC Ltd bought a new position in Waste Connections during the 4th quarter worth about $28,000. Finally, Smartleaf Asset Management LLC increased its holdings in Waste Connections by 59.7% during 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. Institutional investors and hedge funds own 86.09% of the company's stock.

Waste Connections Trading Up 0.2%

Waste Connections stock opened at $186.12 on Thursday. Waste Connections, Inc. has a 52 week low of $160.34 and a 52 week high of $201.66. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market capitalization of $48.09 billion, a P/E ratio of 77.87, a PEG ratio of 3.07 and a beta of 0.66. The stock has a 50-day simple moving average of $192.35 and a 200 day simple moving average of $186.14.

Waste Connections (NYSE:WCN - Get Free Report) last issued its quarterly earnings data 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. The firm 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 business's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the business posted $1.04 earnings per share. 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 will be paid on Thursday, May 22nd. Shareholders 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 annualized dividend and a yield of 0.68%. Waste Connections's dividend payout ratio (DPR) is presently 51.85%.

Analyst Ratings Changes

A number of research firms have issued reports on WCN. BMO Capital Markets increased their target price on Waste Connections from $214.00 to $216.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. Scotiabank increased their target price on Waste Connections from $192.00 to $207.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 8th. Truist Financial set a $220.00 target price on Waste Connections in a report on Friday, April 25th. Citigroup increased their target price on Waste Connections from $209.00 to $212.00 and gave the stock a "neutral" rating in a report on Tuesday, April 29th. Finally, William Blair began coverage on Waste Connections in a report on Thursday, April 3rd. They set an "outperform" rating for the company. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $208.21.

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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