Aventura Private Wealth LLC Purchases New Position in Waste Connections, Inc. $WCN

Aventura Private Wealth LLC acquired a new position in Waste Connections, Inc. (NYSE:WCN) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,308 shares of the business services provider’s stock, valued at approximately $580,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in WCN. Measured Wealth Private Client Group LLC bought a new position in Waste Connections during the 3rd quarter valued at about $26,000. Asset Dedication LLC purchased a new position in shares of Waste Connections during the second quarter valued at approximately $28,000. KERR FINANCIAL PLANNING Corp bought a new position in Waste Connections during the third quarter valued at approximately $30,000. Greykasell Wealth Strategies Inc. lifted its position in Waste Connections by 555.2% during the third quarter. Greykasell Wealth Strategies Inc. now owns 190 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 161 shares during the period. Finally, AlphaCore Capital LLC purchased a new stake in Waste Connections in the second quarter worth approximately $39,000. 86.09% of the stock is owned by institutional investors.

Waste Connections Trading Down 1.3%

Shares of WCN opened at $162.76 on Friday. The firm has a market cap of $41.54 billion, a P/E ratio of 39.03, a price-to-earnings-growth ratio of 2.83 and a beta of 0.62. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.62 and a quick ratio of 0.62. Waste Connections, Inc. has a 1 year low of $155.65 and a 1 year high of $201.66. The company has a 50 day simple moving average of $167.13 and a two-hundred day simple moving average of $171.28.

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

Waste Connections Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Wednesday, February 25th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, February 25th. Waste Connections’s dividend payout ratio is presently 33.57%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on WCN shares. BNP Paribas Exane assumed coverage on Waste Connections in a report on Tuesday, January 6th. They set an “outperform” rating on the stock. Scotiabank set a $197.00 price objective on Waste Connections and gave the company a “sector outperform” rating in a research report on Friday, February 13th. Royal Bank Of Canada reissued an “outperform” rating and issued a $210.00 target price (down from $219.00) on shares of Waste Connections in a report on Tuesday, February 17th. Wolfe Research started coverage on Waste Connections in a research note on Friday, March 13th. They set an “outperform” rating and a $199.00 price target for the company. Finally, Barclays set a $176.00 price target on shares of Waste Connections and gave the company an “equal weight” rating in a research report on Friday, February 13th. Four research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $203.52.

Waste Connections 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.