Waste Connections, Inc. (NYSE:WCN) Shares Acquired by Vise Technologies Inc.

Vise Technologies Inc. grew its stake in Waste Connections, Inc. (NYSE:WCN) by 76.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,624 shares of the business services provider’s stock after purchasing an additional 1,574 shares during the period. Vise Technologies Inc.’s holdings in Waste Connections were worth $622,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Fifth Third Bancorp lifted its holdings in shares of Waste Connections by 8.8% in the 4th quarter. Fifth Third Bancorp now owns 705 shares of the business services provider’s stock valued at $121,000 after buying an additional 57 shares during the period. Jennison Associates LLC raised its holdings in Waste Connections by 0.4% in the 4th quarter. Jennison Associates LLC now owns 14,247 shares of the business services provider’s stock worth $2,445,000 after purchasing an additional 63 shares during the period. Oarsman Capital Inc. raised its holdings in Waste Connections by 41.4% in the 4th quarter. Oarsman Capital Inc. now owns 222 shares of the business services provider’s stock worth $38,000 after purchasing an additional 65 shares during the period. Smartleaf Asset Management LLC raised its holdings 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 worth $33,000 after purchasing an additional 71 shares during the period. Finally, Continuum Advisory LLC raised its holdings in Waste Connections by 36.3% in the 4th quarter. Continuum Advisory LLC now owns 308 shares of the business services provider’s stock worth $53,000 after purchasing an additional 82 shares during the period. Institutional investors and hedge funds own 86.09% of the company’s stock.

Waste Connections Price Performance

NYSE:WCN opened at $196.67 on Monday. Waste Connections, Inc. has a 12 month low of $160.34 and a 12 month high of $201.66. The stock has a 50 day moving average of $193.58 and a two-hundred day moving average of $187.01. 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 cap of $50.81 billion, a P/E ratio of 82.29, a price-to-earnings-growth ratio of 3.07 and a beta of 0.66.

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

Waste Connections Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 7th were given a $0.315 dividend. The ex-dividend date was 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 equities analysts recently weighed in on WCN shares. Citigroup upped their price target on Waste Connections from $209.00 to $212.00 and gave the stock a “neutral” rating in a report on Tuesday, April 29th. Seaport Res Ptn raised Waste Connections to a “strong-buy” rating in a report on Tuesday, May 6th. Truist Financial set a $220.00 price target on Waste Connections in a report on Friday, April 25th. BMO Capital Markets upped their price target on Waste Connections from $214.00 to $216.00 and gave the stock an “outperform” rating in a report on Friday, April 25th. Finally, William Blair started coverage on Waste Connections in a report on Thursday, April 3rd. They issued an “outperform” rating for the company. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Waste Connections currently has a consensus rating of “Moderate Buy” and an average price target of $212.23.

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.