Waste Connections, Inc. (NYSE:WCN) Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC raised its position in shares of Waste Connections, Inc. (NYSE:WCN) by 2.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,471 shares of the business services provider’s stock after buying an additional 411 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Waste Connections were worth $2,483,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Manchester Capital Management LLC acquired a new stake in shares of Waste Connections during the 4th quarter valued at approximately $26,000. Private Trust Co. NA raised its holdings in shares of Waste Connections by 153.3% during the fourth quarter. Private Trust Co. NA now owns 152 shares of the business services provider’s stock worth $26,000 after purchasing an additional 92 shares during the period. Stonebridge Financial Group LLC bought a new position in shares of Waste Connections in the 4th quarter worth about $27,000. Smartleaf Asset Management LLC boosted its holdings in shares of 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 period. Finally, Sierra Ocean LLC acquired a new stake in Waste Connections during the fourth quarter worth about $39,000. Institutional investors own 86.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on WCN shares. Stifel Nicolaus lifted their target price on Waste Connections from $205.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Morgan Stanley upped 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. Oppenheimer raised their target price on Waste Connections from $192.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Truist Financial restated a “buy” rating and set a $210.00 price target (up previously from $200.00) on shares of Waste Connections in a research report on Friday, February 14th. Finally, Scotiabank cut their price objective on shares of Waste Connections from $196.00 to $192.00 and set a “sector perform” rating on the stock in a research report on Monday, January 27th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Waste Connections has an average rating of “Moderate Buy” and an average target price of $202.43.

Waste Connections Stock Down 0.6 %

WCN opened at $191.70 on Thursday. The stock’s fifty day moving average is $186.54 and its 200-day moving average is $182.79. Waste Connections, Inc. has a one year low of $160.34 and a one year high of $194.83. The company has a market capitalization of $49.47 billion, a PE ratio of 80.21, a P/E/G ratio of 3.07 and a beta of 0.81. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.65 and a current ratio of 0.65.

Waste Connections (NYSE:WCN) last issued its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.16 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.04). Waste Connections had a return on equity of 15.54% and a net margin of 6.92%. On average, equities analysts predict that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were issued a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date was Thursday, February 27th. Waste Connections’s payout ratio is 52.72%.

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.