10,882 Shares in Waste Connections, Inc. $WCN Acquired by Procyon Advisors LLC

Procyon Advisors LLC bought a new position in Waste Connections, Inc. (NYSE:WCN) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,882 shares of the business services provider’s stock, valued at approximately $1,908,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB raised its stake in shares of Waste Connections by 10.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 31,852 shares of the business services provider’s stock worth $5,586,000 after buying an additional 3,074 shares in the last quarter. Harbor Investment Advisory LLC boosted its stake in Waste Connections by 68.2% during the fourth quarter. Harbor Investment Advisory LLC now owns 7,585 shares of the business services provider’s stock valued at $1,332,000 after buying an additional 3,075 shares in the last quarter. Aventura Private Wealth LLC acquired a new position in Waste Connections during the fourth quarter worth about $580,000. RDA Financial Network grew its holdings in Waste Connections by 2.8% during the fourth quarter. RDA Financial Network now owns 2,459 shares of the business services provider’s stock worth $431,000 after acquiring an additional 67 shares during the period. Finally, Union Bancaire Privee UBP SA raised its position in Waste Connections by 28.0% in the fourth quarter. Union Bancaire Privee UBP SA now owns 14,531 shares of the business services provider’s stock worth $2,381,000 after acquiring an additional 3,177 shares in the last quarter. 86.09% of the stock is owned by institutional investors.

Waste Connections Price Performance

NYSE WCN opened at $162.76 on Monday. The stock’s 50-day moving average price is $167.13 and its two-hundred day moving average price is $171.13. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.07. The company has a market cap of $41.54 billion, a PE ratio of 39.03, a PEG ratio of 2.79 and a beta of 0.62. Waste Connections, Inc. has a 1 year low of $155.65 and a 1 year high of $201.66.

Waste Connections (NYSE:WCN) last announced its earnings results on Wednesday, February 11th. The business services provider reported $1.29 EPS for the quarter, topping the consensus estimate of $1.28 by $0.01. The company had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.37 billion. Waste Connections had a net margin of 11.37% and a return on equity of 16.25%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the company posted $1.16 earnings per share. On average, analysts predict that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Wednesday, February 25th were paid a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $1.40 dividend on an annualized basis and a yield of 0.9%. Waste Connections’s dividend payout ratio (DPR) is currently 33.57%.

Analyst Ratings Changes

A number of brokerages have weighed in on WCN. Canadian Imperial Bank of Commerce set a $208.00 price target on shares of Waste Connections in a report on Thursday, January 8th. TD Cowen dropped their target price on shares of Waste Connections from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Royal Bank Of Canada reissued an “outperform” rating and set a $210.00 target price (down from $219.00) on shares of Waste Connections in a research note on Tuesday, February 17th. BNP Paribas Exane initiated coverage on shares of Waste Connections in a report on Tuesday, January 6th. They set an “outperform” rating for the company. Finally, JPMorgan Chase & Co. decreased their price target on shares of Waste Connections from $220.00 to $210.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 14th. Four analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Waste Connections presently has a consensus rating of “Buy” and a consensus price target of $203.52.

Waste Connections Company Profile

Waste Connections (NYSE: WCN) is a North American integrated waste services company that provides a range of solid waste and environmental services to municipal, commercial, industrial and residential customers. The company offers collection, transportation, transfer, disposal and recycling services, and operates an extensive network of transfer stations and disposal facilities. Waste Connections positions itself as a provider of infrastructure-driven waste solutions across many regions of the United States and Canada.

The company’s operating activities include routine curbside and commercial collection, roll-off and container services, operation of landfills and transfer stations, and recycling and resource recovery programs.