2,255 Shares in Waste Connections, Inc. (NYSE:WCN) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in shares of Waste Connections, Inc. (NYSE:WCN) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 2,255 shares of the business services provider’s stock, valued at approximately $387,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Manchester Capital Management LLC acquired a new position in Waste Connections during the 4th quarter valued at about $26,000. Private Trust Co. NA boosted 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 acquiring an additional 92 shares in the last quarter. Stonebridge Financial Group LLC acquired a new position in shares of Waste Connections during the fourth quarter valued at approximately $27,000. Smartleaf Asset Management LLC raised its holdings in Waste Connections by 59.7% during the fourth 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 in the last quarter. Finally, Sierra Ocean LLC acquired a new stake in shares of Waste Connections in the fourth quarter valued at $39,000. 86.09% of the stock is owned by institutional investors and hedge funds.

Waste Connections Trading Up 1.1 %

Shares of NYSE:WCN opened at $193.07 on Wednesday. Waste Connections, Inc. has a 1 year low of $160.34 and a 1 year high of $194.83. The firm has a fifty day moving average price of $186.24 and a 200 day moving average price of $182.72. 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 stock has a market capitalization of $49.83 billion, a PE ratio of 80.78, a P/E/G ratio of 3.07 and a beta of 0.81.

Waste Connections (NYSE:WCN) last issued its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.16 EPS 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 EPS for the current fiscal year.

Waste Connections Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were issued a $0.315 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.26 annualized dividend and a yield of 0.65%. Waste Connections’s dividend payout ratio (DPR) is presently 52.72%.

Analyst Upgrades and Downgrades

Several analysts recently commented on WCN shares. CIBC cut their target price on shares of Waste Connections from $215.00 to $212.00 and set an “outperform” rating for the company in a research note on Thursday, December 19th. Jefferies Financial Group dropped their price target on Waste Connections from $225.00 to $210.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Morgan Stanley increased their price objective on Waste Connections from $214.00 to $219.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. StockNews.com cut Waste Connections from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Finally, Scotiabank reduced their price target on shares of Waste Connections from $196.00 to $192.00 and set a “sector perform” rating for the company in a research report on Monday, January 27th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $202.43.

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.