Zurcher Kantonalbank Zurich Cantonalbank Buys 25,409 Shares of Waste Connections, Inc. (NYSE:WCN)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Waste Connections, Inc. (NYSE:WCN - Free Report) by 17.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 169,099 shares of the business services provider's stock after buying an additional 25,409 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.07% of Waste Connections worth $30,260,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of WCN. B. Riley Wealth Advisors Inc. lifted its position in shares of Waste Connections by 42.2% during the first quarter. B. Riley Wealth Advisors Inc. now owns 2,455 shares of the business services provider's stock valued at $422,000 after purchasing an additional 728 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of Waste Connections by 7.7% in the 1st quarter. Tidal Investments LLC now owns 8,091 shares of the business services provider's stock worth $1,392,000 after buying an additional 575 shares during the last quarter. Atria Investments Inc grew its holdings in shares of Waste Connections by 7.0% in the first quarter. Atria Investments Inc now owns 10,173 shares of the business services provider's stock valued at $1,750,000 after acquiring an additional 669 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Waste Connections by 64.8% during the first quarter. Cetera Investment Advisers now owns 15,759 shares of the business services provider's stock valued at $2,711,000 after acquiring an additional 6,198 shares during the last quarter. Finally, Cetera Advisors LLC increased its position in shares of Waste Connections by 163.9% during the first quarter. Cetera Advisors LLC now owns 8,565 shares of the business services provider's stock valued at $1,473,000 after acquiring an additional 5,320 shares during the last quarter. 86.09% of the stock is currently owned by institutional investors.

Waste Connections Trading Down 0.4 %

Shares of NYSE WCN traded down $0.71 during midday trading on Friday, reaching $192.47. The company had a trading volume of 584,608 shares, compared to its average volume of 887,212. The firm's fifty day moving average price is $182.31 and its 200-day moving average price is $178.50. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.99. Waste Connections, Inc. has a one year low of $132.65 and a one year high of $194.83. The stock has a market cap of $49.67 billion, a PE ratio of 52.88, a price-to-earnings-growth ratio of 3.22 and a beta of 0.72.

Waste Connections (NYSE:WCN - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.35 earnings per share for the quarter, beating analysts' consensus estimates of $1.30 by $0.05. Waste Connections had a return on equity of 15.43% and a net margin of 10.81%. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the prior year, the firm posted $1.17 earnings per share. The business's quarterly revenue was up 13.3% compared to the same quarter last year. On average, equities research analysts anticipate that Waste Connections, Inc. will post 4.84 earnings per share for the current year.

Waste Connections Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were given a $0.315 dividend. This is a boost from Waste Connections's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.65%. Waste Connections's payout ratio is presently 34.62%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Scotiabank started coverage on Waste Connections in a research note on Friday, October 4th. They issued a "sector perform" rating and a $196.00 price objective for the company. Citigroup increased their price target on shares of Waste Connections from $190.00 to $195.00 and gave the company a "neutral" rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. lowered their price objective on shares of Waste Connections from $198.00 to $197.00 and set an "overweight" rating on the stock in a research report on Friday, October 25th. Oppenheimer increased their target price on shares of Waste Connections from $191.00 to $194.00 and gave the company an "outperform" rating in a research report on Monday, October 21st. Finally, BMO Capital Markets dropped their price objective on Waste Connections from $198.00 to $196.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $195.56.

About Waste Connections

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.