SeaCrest Wealth Management LLC Purchases Shares of 349 Waste Connections, Inc. (NYSE:WCN)

SeaCrest Wealth Management LLC purchased a new stake in Waste Connections, Inc. (NYSE:WCNGet Rating) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 349 shares of the business services provider’s stock, valued at approximately $43,000.

A number of other hedge funds also recently bought and sold shares of the stock. Altman Advisors Inc. raised its position in Waste Connections by 0.4% in the 1st quarter. Altman Advisors Inc. now owns 22,051 shares of the business services provider’s stock valued at $3,081,000 after purchasing an additional 91 shares in the last quarter. Financial Consulate Inc. raised its position in Waste Connections by 3.1% in the 2nd quarter. Financial Consulate Inc. now owns 3,152 shares of the business services provider’s stock valued at $391,000 after purchasing an additional 95 shares in the last quarter. Allworth Financial LP raised its position in Waste Connections by 3.0% in the 2nd quarter. Allworth Financial LP now owns 3,754 shares of the business services provider’s stock valued at $465,000 after purchasing an additional 110 shares in the last quarter. Raymond James Trust N.A. increased its holdings in shares of Waste Connections by 4.5% in the 2nd quarter. Raymond James Trust N.A. now owns 2,761 shares of the business services provider’s stock valued at $343,000 after acquiring an additional 119 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of Waste Connections by 6.1% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 2,107 shares of the business services provider’s stock valued at $294,000 after acquiring an additional 121 shares during the last quarter. Institutional investors and hedge funds own 79.33% of the company’s stock.

Waste Connections Trading Up 0.3 %

NYSE:WCN opened at $140.62 on Tuesday. The stock’s 50 day moving average price is $136.30 and its 200 day moving average price is $132.22. Waste Connections, Inc. has a 52-week low of $113.50 and a 52-week high of $148.20. The company has a market capitalization of $36.17 billion, a PE ratio of 45.07, a P/E/G ratio of 2.91 and a beta of 0.64. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.90.

Waste Connections (NYSE:WCNGet Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The business services provider reported $1.10 EPS for the quarter, beating the consensus estimate of $1.01 by $0.09. The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Waste Connections had a return on equity of 14.10% and a net margin of 11.59%. On average, research analysts anticipate that Waste Connections, Inc. will post 3.81 EPS for the current year.

Waste Connections Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Wednesday, November 16th will be issued a dividend of $0.255 per share. The ex-dividend date of this dividend is Tuesday, November 15th. This is a boost from Waste Connections’s previous quarterly dividend of $0.23. This represents a $1.02 annualized dividend and a yield of 0.73%. Waste Connections’s payout ratio is currently 32.69%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WCN. Morgan Stanley increased their price objective on Waste Connections from $158.00 to $163.00 and gave the company an “overweight” rating in a report on Tuesday, September 27th. BMO Capital Markets increased their price objective on Waste Connections from $143.00 to $151.00 and gave the company an “outperform” rating in a report on Thursday, August 4th. Raymond James increased their price objective on Waste Connections from $149.00 to $157.00 and gave the company a “strong-buy” rating in a report on Monday, November 7th. Atb Cap Markets upgraded Waste Connections from a “sector perform” rating to an “outperform” rating in a report on Thursday, August 4th. Finally, Royal Bank of Canada increased their price objective on Waste Connections from $150.00 to $153.00 and gave the company an “outperform” rating in a report on Friday, November 4th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $151.63.

Insider Buying and Selling

In related news, SVP Eric Hansen sold 4,000 shares of Waste Connections stock in a transaction on Monday, November 7th. The stock was sold at an average price of $136.93, for a total transaction of $547,720.00. Following the completion of the transaction, the senior vice president now directly owns 6,460 shares of the company’s stock, valued at $884,567.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, SVP Eric Hansen sold 4,000 shares of Waste Connections stock in a transaction on Monday, November 7th. The stock was sold at an average price of $136.93, for a total transaction of $547,720.00. Following the completion of the transaction, the senior vice president now directly owns 6,460 shares of the company’s stock, valued at $884,567.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Patrick James Shea sold 7,000 shares of the firm’s stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $145.26, for a total value of $1,016,820.00. Following the transaction, the vice president now directly owns 12,813 shares of the company’s stock, valued at approximately $1,861,216.38. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by insiders.

Waste Connections 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.

Further Reading

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

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