1,728 Shares in Waste Connections, Inc. (NYSE:WCN) Purchased by Harvest Investment Services LLC

Harvest Investment Services LLC purchased a new stake in Waste Connections, Inc. (NYSE:WCN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,728 shares of the business services provider's stock, valued at approximately $296,000.

Other large investors have also recently modified their holdings of the company. Private Trust Co. NA lifted its position in 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 purchasing an additional 92 shares during the last quarter. Manchester Capital Management LLC purchased a new stake in shares of Waste Connections during the 4th quarter valued at $26,000. Stonebridge Financial Group LLC bought a new stake in shares of Waste Connections during the 4th quarter worth $27,000. Aster Capital Management DIFC Ltd purchased a new position in Waste Connections in the fourth quarter worth $28,000. Finally, Smartleaf Asset Management LLC raised its position in Waste Connections by 59.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider's stock valued at $33,000 after purchasing an additional 71 shares in the last quarter. Institutional investors own 86.09% of the company's stock.

Waste Connections Stock Up 1.6 %

Shares of NYSE WCN opened at $197.75 on Wednesday. The firm has a fifty day simple moving average of $190.46 and a two-hundred day simple moving average of $184.63. Waste Connections, Inc. has a 12 month low of $160.34 and a 12 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. The firm has a market capitalization of $51.09 billion, a PE ratio of 82.74, a price-to-earnings-growth ratio of 3.07 and a beta of 0.67.

Waste Connections (NYSE:WCN - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.20 by ($0.04). Waste Connections had a return on equity of 15.54% and a net margin of 6.92%. Equities analysts expect that Waste Connections, Inc. will post 5.28 earnings per share for the current year.

Waste Connections Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were given a dividend of $0.315 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.26 annualized dividend and a dividend yield of 0.64%. Waste Connections's dividend payout ratio is presently 52.72%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. StockNews.com lowered Waste Connections from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Jefferies Financial Group decreased their price target on shares of Waste Connections from $225.00 to $210.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. William Blair initiated coverage on shares of Waste Connections in a research note on Thursday, April 3rd. They issued an "outperform" rating for the company. Scotiabank boosted their price target on shares of Waste Connections from $192.00 to $207.00 and gave the stock a "sector perform" rating in a research note on Tuesday, April 8th. Finally, Truist Financial reiterated a "buy" rating and issued a $210.00 price objective (up previously from $200.00) on shares of Waste Connections in a report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Waste Connections has a consensus rating of "Moderate Buy" and a consensus target price of $204.43.

Waste Connections Company 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.

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