OMERS ADMINISTRATION Corp Acquires 6,620 Shares of Waste Connections, Inc. (NYSE:WCN)

OMERS ADMINISTRATION Corp boosted its holdings in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,127,884 shares of the business services provider's stock after purchasing an additional 6,620 shares during the quarter. Waste Connections comprises 1.7% of OMERS ADMINISTRATION Corp's portfolio, making the stock its 18th biggest holding. OMERS ADMINISTRATION Corp owned 0.44% of Waste Connections worth $193,522,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in WCN. Private Trust Co. NA raised its position 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 buying an additional 92 shares during the last quarter. Manchester Capital Management LLC bought a new position in Waste Connections during the fourth quarter valued at approximately $26,000. Stonebridge Financial Group LLC bought a new position in Waste Connections during the fourth quarter valued at approximately $27,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Waste Connections in the fourth quarter valued at $28,000. Finally, Smartleaf Asset Management LLC raised its position in shares of Waste Connections by 59.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider's stock valued at $33,000 after buying an additional 71 shares in the last quarter. 86.09% of the stock is owned by hedge funds and other institutional investors.

Waste Connections Stock Up 0.5%

Shares of WCN traded up $0.97 during mid-day trading on Friday, hitting $191.94. 1,286,979 shares of the company's stock were exchanged, compared to its average volume of 991,977. Waste Connections, Inc. has a twelve month low of $160.34 and a twelve month high of $201.66. The firm has a fifty day moving average of $192.44 and a two-hundred day moving average of $186.23. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.03. The stock has a market cap of $49.59 billion, a price-to-earnings ratio of 80.31, a P/E/G ratio of 3.07 and a beta of 0.66.

Waste Connections (NYSE:WCN - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $1.13 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.06. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.22 billion. Waste Connections had a net margin of 6.92% and a return on equity of 15.54%. The firm's revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.04 earnings per share. On average, sell-side analysts forecast that Waste Connections, Inc. will post 5.28 earnings per share for the current year.

Waste Connections Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Wednesday, May 7th will be issued a dividend of $0.315 per share. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $1.26 annualized dividend and a yield of 0.66%. Waste Connections's payout ratio is presently 51.85%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Truist Financial set a $220.00 target price on Waste Connections in a research report on Friday, April 25th. Jefferies Financial Group reduced their price target on Waste Connections from $225.00 to $210.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th. StockNews.com lowered shares of Waste Connections from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. BMO Capital Markets raised their price objective on Waste Connections from $214.00 to $216.00 and gave the stock an "outperform" rating in a research note on Friday, April 25th. Finally, Scotiabank raised 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. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.