Steward Partners Investment Advisory LLC Purchases 121 Shares of Waste Connections, Inc. (NYSE:WCN)

Steward Partners Investment Advisory LLC increased its position in Waste Connections, Inc. (NYSE:WCNGet Rating) by 6.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,107 shares of the business services provider’s stock after buying an additional 121 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Waste Connections were worth $294,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Pacifica Partners Inc. boosted its holdings in shares of Waste Connections by 49.0% during the 1st quarter. Pacifica Partners Inc. now owns 365 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 120 shares during the last quarter. GHP Investment Advisors Inc. bought a new position in shares of Waste Connections during the 1st quarter valued at about $63,000. Covea Finance bought a new position in shares of Waste Connections during the 4th quarter valued at about $68,000. Concorde Financial Corp bought a new position in shares of Waste Connections during the 4th quarter valued at about $68,000. Finally, Carroll Investors Inc bought a new position in shares of Waste Connections during the 4th quarter valued at about $95,000. Institutional investors own 84.70% of the company’s stock.

Waste Connections Stock Performance

Waste Connections stock opened at $133.37 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.12 and a quick ratio of 1.12. Waste Connections, Inc. has a 1-year low of $113.50 and a 1-year high of $145.62. The firm has a market capitalization of $34.30 billion, a P/E ratio of 54.44, a price-to-earnings-growth ratio of 2.76 and a beta of 0.71. The company’s 50-day moving average is $124.59 and its 200 day moving average is $128.32.

Waste Connections (NYSE:WCNGet Rating) last posted its quarterly earnings data on Tuesday, May 3rd. The business services provider reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.01). Waste Connections had a return on equity of 12.72% and a net margin of 9.97%. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same period last year, the company earned $0.70 earnings per share. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. Research analysts forecast that Waste Connections, Inc. will post 3.71 EPS for the current year.

Waste Connections Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 1st. Shareholders of record on Wednesday, May 18th were paid a $0.23 dividend. This is an increase from Waste Connections’s previous quarterly dividend of $0.18. This represents a $0.92 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend was Tuesday, May 17th. Waste Connections’s dividend payout ratio is currently 37.55%.

Analyst Ratings Changes

WCN has been the subject of several research reports. Morgan Stanley increased their price objective on shares of Waste Connections from $138.00 to $146.00 and gave the company an “overweight” rating in a report on Wednesday, July 20th. Oppenheimer set a $135.00 target price on shares of Waste Connections in a research report on Tuesday, July 19th. Raymond James upped their target price on shares of Waste Connections from $145.00 to $160.00 and gave the company a “strong-buy” rating in a research report on Friday, April 22nd. Finally, Scotiabank cut shares of Waste Connections from a “sector outperform” rating to a “sector perform” rating and set a $135.00 target price on the stock. in a research report on Thursday, April 7th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $144.63.

Waste Connections Company Profile

(Get Rating)

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.

See Also

Want to see what other hedge funds are holding WCN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waste Connections, Inc. (NYSE:WCNGet Rating).

Institutional Ownership by Quarter for Waste Connections (NYSE:WCN)

Receive News & Ratings for Waste Connections Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waste Connections and related companies with MarketBeat.com's FREE daily email newsletter.