Waste Connections, Inc. (NYSE:WCN) Shares Bought by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD boosted its stake in Waste Connections, Inc. (NYSE:WCN - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,736,179 shares of the business services provider's stock after purchasing an additional 150,683 shares during the quarter. Price T Rowe Associates Inc. MD owned about 2.22% of Waste Connections worth $984,214,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Fifth Third Bancorp increased its holdings in shares of Waste Connections by 8.8% during the 4th quarter. Fifth Third Bancorp now owns 705 shares of the business services provider's stock worth $121,000 after buying an additional 57 shares during the last quarter. Jennison Associates LLC increased its stake in Waste Connections by 0.4% during the fourth quarter. Jennison Associates LLC now owns 14,247 shares of the business services provider's stock worth $2,445,000 after acquiring an additional 63 shares during the last quarter. Oarsman Capital Inc. raised its holdings in shares of Waste Connections by 41.4% in the 4th quarter. Oarsman Capital Inc. now owns 222 shares of the business services provider's stock worth $38,000 after purchasing an additional 65 shares during the period. Smartleaf Asset Management LLC raised 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 during the period. Finally, Inspire Advisors LLC lifted its stake in shares of Waste Connections by 2.3% in the 4th quarter. Inspire Advisors LLC now owns 3,943 shares of the business services provider's stock valued at $676,000 after purchasing an additional 87 shares in the last quarter. Hedge funds and other institutional investors own 86.09% of the company's stock.

Waste Connections Stock Up 0.1 %

WCN stock traded up $0.19 during mid-day trading on Tuesday, hitting $194.27. 482,868 shares of the company were exchanged, compared to its average volume of 973,302. The firm has a fifty day simple moving average of $191.00 and a 200 day simple moving average of $185.09. The company has a market capitalization of $50.19 billion, a PE ratio of 81.24, a price-to-earnings-growth ratio of 3.07 and a beta of 0.67. Waste Connections, Inc. has a twelve month low of $160.34 and a twelve month high of $201.66. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.03.

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

Waste Connections Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 7th will be issued a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date is Wednesday, May 7th. Waste Connections's dividend payout ratio (DPR) is 51.85%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on WCN shares. William Blair assumed coverage on shares of Waste Connections in a research report on Thursday, April 3rd. They set an "outperform" rating for the company. Citigroup dropped their price objective on shares of Waste Connections from $218.00 to $209.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. StockNews.com lowered shares of Waste Connections from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Truist Financial set a $220.00 price target on Waste Connections in a report on Friday. Finally, Royal Bank of Canada restated an "outperform" rating and set a $221.00 price objective on shares of Waste Connections in a research note on Friday. Four 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. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $208.00.

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.