Arosa Capital Management LP Buys Shares of 8,000 Waste Connections, Inc. (NYSE:WCN)

Arosa Capital Management LP purchased a new stake in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 8,000 shares of the business services provider's stock, valued at approximately $1,373,000.

Several other institutional investors have also recently made changes to their positions in WCN. Principal Financial Group Inc. grew its stake in shares of Waste Connections by 307.1% during 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 during the period. Barclays PLC lifted its holdings in Waste Connections by 34.3% during the 3rd quarter. Barclays PLC now owns 303,040 shares of the business services provider's stock valued at $54,190,000 after buying an additional 77,466 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Waste Connections in the 3rd quarter valued at about $1,586,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Waste Connections in the 3rd quarter worth approximately $188,000. Finally, Tidal Investments LLC lifted its stake in Waste Connections by 2.0% during the 3rd quarter. Tidal Investments LLC now owns 7,786 shares of the business services provider's stock valued at $1,392,000 after acquiring an additional 151 shares during the period. Institutional investors own 86.09% of the company's stock.

Waste Connections Trading Up 0.7 %

Waste Connections stock traded up $1.42 during trading on Tuesday, hitting $195.50. The company's stock had a trading volume of 1,205,427 shares, compared to its average volume of 976,355. 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, Inc. has a 1-year low of $160.34 and a 1-year high of $201.66. The stock has a market capitalization of $50.51 billion, a price-to-earnings ratio of 81.80, a P/E/G ratio of 3.07 and a beta of 0.67. The stock's fifty day moving average is $191.16 and its 200 day moving average is $185.16.

Waste Connections (NYSE:WCN - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, beating analysts' consensus estimates of $1.07 by $0.06. Waste Connections had a net margin of 6.92% and a return on equity of 15.54%. The firm had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.22 billion. During the same period in the previous year, the company posted $1.04 earnings per share. Waste Connections's revenue was up 7.5% compared to the same quarter last year. As a group, equities research analysts predict that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Wednesday, May 7th will be issued a $0.315 dividend. The ex-dividend date is Wednesday, May 7th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.64%. Waste Connections's dividend payout ratio (DPR) is presently 51.85%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Citigroup raised their target price on shares of Waste Connections from $209.00 to $212.00 and gave the stock a "neutral" rating in a research note on Tuesday. StockNews.com lowered Waste Connections from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Scotiabank boosted their target price on Waste Connections from $192.00 to $207.00 and gave the company a "sector perform" rating in a report on Tuesday, April 8th. Jefferies Financial Group decreased 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. Finally, Morgan Stanley lifted their price target on Waste Connections from $214.00 to $219.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.