Bryce Point Capital LLC Purchases Shares of 3,253 Waste Connections, Inc. (NYSE:WCN)

Bryce Point Capital LLC acquired a new position in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,253 shares of the business services provider's stock, valued at approximately $558,000.

A number of other large investors have also recently made changes to their positions in the business. Principal Financial Group Inc. lifted its position in 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 acquiring an additional 1,453,733 shares in the last quarter. Townsquare Capital LLC purchased a new position in Waste Connections during the 3rd quarter worth $359,000. Captrust Financial Advisors grew its stake in shares of Waste Connections by 1.3% in the 3rd quarter. Captrust Financial Advisors now owns 16,799 shares of the business services provider's stock worth $3,004,000 after acquiring an additional 222 shares in the last quarter. Erste Asset Management GmbH purchased a new stake in shares of Waste Connections in the third quarter valued at about $1,998,000. Finally, Benjamin Edwards Inc. purchased a new position in Waste Connections during the third quarter worth about $1,157,000. 86.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on WCN shares. Truist Financial restated a "buy" rating and issued a $210.00 target price (up previously from $200.00) on shares of Waste Connections in a research note on Friday, February 14th. Citigroup boosted their target price on shares of Waste Connections from $199.00 to $218.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. CIBC dropped their price objective on Waste Connections from $215.00 to $212.00 and set an "outperform" rating on the stock in a research note on Thursday, December 19th. Scotiabank dropped their price target on Waste Connections from $196.00 to $192.00 and set a "sector perform" rating on the stock in a research report on Monday, January 27th. Finally, Jefferies Financial Group decreased their price objective on Waste Connections from $225.00 to $210.00 and set a "buy" rating for the company in a report on Thursday, January 30th. Four equities research 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 company's stock. According to MarketBeat, Waste Connections presently has a consensus rating of "Moderate Buy" and a consensus target price of $204.00.

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Waste Connections Price Performance

Shares of Waste Connections stock traded up $4.13 on Tuesday, hitting $188.88. 534,280 shares of the company traded hands, compared to its average volume of 942,969. 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 company has a market cap of $48.80 billion, a P/E ratio of 79.04, a P/E/G ratio of 3.07 and a beta of 0.67. The firm's 50-day simple moving average is $188.87 and its 200 day simple moving average is $183.35.

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 for the quarter, missing analysts' consensus estimates of $1.20 by ($0.04). Waste Connections had a net margin of 6.92% and a return on equity of 15.54%. Analysts expect that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were paid a $0.315 dividend. This represents a $1.26 annualized dividend and a yield of 0.67%. The ex-dividend date was Thursday, February 27th. Waste Connections's dividend payout ratio is currently 52.72%.

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.