Snyder Capital Management L P Acquires 31,695 Shares of Waste Connections, Inc. (NYSE:WCN)

Snyder Capital Management L P grew its position in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 754,062 shares of the business services provider's stock after buying an additional 31,695 shares during the quarter. Waste Connections makes up about 2.7% of Snyder Capital Management L P's investment portfolio, making the stock its 11th biggest position. Snyder Capital Management L P owned 0.29% of Waste Connections worth $129,382,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Manchester Capital Management LLC bought a new stake in Waste Connections during the fourth quarter worth about $26,000. Private Trust Co. NA increased its holdings in shares of Waste Connections by 153.3% in 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 in the last quarter. Stonebridge Financial Group LLC bought a new position in Waste Connections in the 4th quarter worth approximately $27,000. Aster Capital Management DIFC Ltd acquired a new position in Waste Connections during the 4th quarter worth $28,000. Finally, Smartleaf Asset Management LLC boosted its position in Waste Connections by 59.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider's stock valued at $33,000 after buying an additional 71 shares during the last quarter. 86.09% of the stock is owned by institutional investors.

Waste Connections Stock Down 0.2 %

Shares of WCN stock traded down $0.47 on Monday, hitting $194.00. 1,425,979 shares of the stock were exchanged, compared to its average volume of 975,180. 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 $50.12 billion, a P/E ratio of 81.17, a price-to-earnings-growth ratio of 3.07 and a beta of 0.67. The business has a 50-day moving average of $190.88 and a 200 day moving average of $185.00. Waste Connections, Inc. has a fifty-two week low of $160.34 and a fifty-two week high of $201.66.

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

Waste Connections Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets boosted their target price on Waste Connections from $214.00 to $216.00 and gave the stock an "outperform" rating in a research report on Friday. Scotiabank boosted their target price on Waste Connections from $192.00 to $207.00 and gave the stock a "sector perform" rating in a research report on Tuesday, April 8th. Royal Bank of Canada restated an "outperform" rating on shares of Waste Connections in a research report on Friday. Morgan Stanley boosted their target price on Waste Connections from $214.00 to $219.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Finally, Truist Financial set a $220.00 target price on Waste Connections in a research report on Friday. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Waste Connections presently has a consensus rating of "Moderate Buy" and a consensus price target of $206.57.

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.