2,520 Shares in Waste Connections, Inc. (NYSE:WCN) Bought by Algert Global LLC

Algert Global LLC acquired a new position in Waste Connections, Inc. (NYSE:WCN) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 2,520 shares of the business services provider’s stock, valued at approximately $451,000.

A number of other institutional investors have also recently bought and sold shares of the business. American Trust grew its position in Waste Connections by 3.7% during the second quarter. American Trust now owns 1,573 shares of the business services provider’s stock valued at $276,000 after buying an additional 56 shares during the period. GAMMA Investing LLC grew its position in shares of Waste Connections by 15.0% during the 3rd quarter. GAMMA Investing LLC now owns 529 shares of the business services provider’s stock valued at $95,000 after acquiring an additional 69 shares during the period. First Horizon Advisors Inc. increased its stake in shares of Waste Connections by 8.8% during the 2nd quarter. First Horizon Advisors Inc. now owns 916 shares of the business services provider’s stock worth $161,000 after purchasing an additional 74 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Waste Connections by 1.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 5,966 shares of the business services provider’s stock worth $1,047,000 after purchasing an additional 82 shares during the period. Finally, Kingsview Wealth Management LLC lifted its stake in Waste Connections by 6.3% in the third quarter. Kingsview Wealth Management LLC now owns 1,515 shares of the business services provider’s stock valued at $271,000 after purchasing an additional 90 shares during the last quarter. Institutional investors own 86.09% of the company’s stock.

Analysts Set New Price Targets

WCN has been the topic of several research reports. JPMorgan Chase & Co. lowered their target price on Waste Connections from $198.00 to $197.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. BMO Capital Markets lowered 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. Oppenheimer lifted their target price on shares of Waste Connections from $191.00 to $194.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Stifel Nicolaus reissued a “buy” rating and issued a $205.00 price target (up previously from $200.00) on shares of Waste Connections in a research report on Friday, October 25th. Finally, Citigroup raised their price objective on shares of Waste Connections from $190.00 to $195.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Five 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $195.56.

Waste Connections Stock Down 0.4 %

WCN stock opened at $192.47 on Friday. The company’s 50 day moving average is $182.31 and its 200 day moving average is $178.59. The stock has a market cap of $49.67 billion, a price-to-earnings ratio of 52.88, a price-to-earnings-growth ratio of 3.22 and a beta of 0.72. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99. Waste Connections, Inc. has a 1-year low of $132.65 and a 1-year high of $194.83.

Waste Connections (NYSE:WCN) last posted its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.05. Waste Connections had a net margin of 10.81% and a return on equity of 15.43%. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.30 billion. During the same quarter last year, the company posted $1.17 EPS. The business’s quarterly revenue was up 13.3% on a year-over-year basis. Sell-side analysts predict that Waste Connections, Inc. will post 4.84 EPS for the current fiscal year.

Waste Connections Increases Dividend

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

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.