Voya Investment Management LLC Has $14.64 Million Position in Waste Connections, Inc. (NYSE:WCN)

Voya Investment Management LLC boosted its stake in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 53.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 85,349 shares of the business services provider's stock after purchasing an additional 29,690 shares during the quarter. Voya Investment Management LLC's holdings in Waste Connections were worth $14,644,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in shares of Waste Connections by 307.1% in the 3rd quarter. Principal Financial Group Inc. now owns 1,927,155 shares of the business services provider's stock valued at $344,615,000 after purchasing an additional 1,453,733 shares in the last quarter. Barclays PLC increased its holdings in shares of Waste Connections by 34.3% in the 3rd quarter. Barclays PLC now owns 303,040 shares of the business services provider's stock valued at $54,190,000 after acquiring an additional 77,466 shares during the last quarter. Virtu Financial LLC purchased a new stake in Waste Connections during the third quarter worth approximately $1,586,000. Wilmington Savings Fund Society FSB acquired a new position in Waste Connections in the third quarter valued at approximately $188,000. Finally, Tidal Investments LLC raised its holdings in Waste Connections by 2.0% during the third quarter. Tidal Investments LLC now owns 7,786 shares of the business services provider's stock worth $1,392,000 after purchasing an additional 151 shares in the last quarter. Institutional investors and hedge funds own 86.09% of the company's stock.

Waste Connections Stock Down 0.7 %

Shares of WCN stock traded down $1.33 during mid-day trading on Thursday, reaching $196.30. 743,118 shares of the company were exchanged, compared to its average volume of 975,809. The business's 50 day simple moving average is $191.36 and its 200 day simple moving average is $185.25. The company has a market capitalization of $50.72 billion, a P/E ratio of 82.14, a P/E/G ratio of 3.07 and a beta of 0.67. Waste Connections, Inc. has a fifty-two week low of $160.34 and a fifty-two 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.

Waste Connections (NYSE:WCN - Get Free Report) last announced 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. Waste Connections had a return on equity of 15.54% and a net margin of 6.92%. The firm had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.22 billion. During the same period last year, the business posted $1.04 earnings per share. The firm's revenue for the quarter was up 7.5% on a year-over-year basis. Research analysts predict that Waste Connections, Inc. will post 5.28 earnings per share for the current year.

Waste Connections Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 7th will be given 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 dividend yield of 0.64%. Waste Connections's dividend payout ratio (DPR) is 51.85%.

Wall Street Analyst Weigh In

WCN has been the topic of a number of research reports. Jefferies Financial Group dropped their price target on Waste Connections from $225.00 to $210.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. Royal Bank of Canada reissued an "outperform" rating and issued a $221.00 target price on shares of Waste Connections in a report on Friday, April 25th. BMO Capital Markets increased their price objective on Waste Connections from $214.00 to $216.00 and gave the company an "outperform" rating in a research note on Friday, April 25th. Truist Financial set a $220.00 price objective on Waste Connections in a report on Friday, April 25th. Finally, Citigroup boosted their target price on shares of Waste Connections from $209.00 to $212.00 and gave the company a "neutral" rating in a report on Tuesday. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $208.21.

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.