Steward Partners Investment Advisory LLC Buys 83 Shares of Waste Connections, Inc. (NYSE:WCN)

Steward Partners Investment Advisory LLC grew its stake in shares of Waste Connections, Inc. (NYSE:WCNFree Report) by 2.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,182 shares of the business services provider’s stock after acquiring an additional 83 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Waste Connections were worth $475,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Maryland State Retirement & Pension System raised its stake in shares of Waste Connections by 0.8% during the fourth quarter. Maryland State Retirement & Pension System now owns 8,844 shares of the business services provider’s stock valued at $1,321,000 after acquiring an additional 73 shares in the last quarter. Traynor Capital Management Inc. raised its stake in Waste Connections by 4.7% in the fourth quarter. Traynor Capital Management Inc. now owns 1,895 shares of the business services provider’s stock worth $283,000 after buying an additional 85 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Waste Connections by 3.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,568 shares of the business services provider’s stock worth $383,000 after buying an additional 90 shares in the last quarter. Legacy Capital Group California Inc. raised its stake in Waste Connections by 3.1% in the fourth quarter. Legacy Capital Group California Inc. now owns 3,082 shares of the business services provider’s stock worth $460,000 after buying an additional 93 shares in the last quarter. Finally, Altman Advisors Inc. raised its stake in Waste Connections by 0.9% in the fourth quarter. Altman Advisors Inc. now owns 10,572 shares of the business services provider’s stock worth $1,578,000 after buying an additional 94 shares in the last quarter. Institutional investors own 86.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. UBS Group downgraded shares of Waste Connections from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $170.00 to $181.00 in a research note on Thursday, February 29th. Oppenheimer boosted their price objective on shares of Waste Connections from $170.00 to $180.00 and gave the stock an “outperform” rating in a research note on Monday, March 18th. StockNews.com raised shares of Waste Connections from a “hold” rating to a “buy” rating in a report on Saturday, May 18th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Waste Connections in a report on Thursday, May 23rd. They issued a “buy” rating and a $189.00 price target on the stock. Finally, Wells Fargo & Company lifted their price target on shares of Waste Connections from $170.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Waste Connections presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.94.

Get Our Latest Analysis on WCN

Waste Connections Trading Up 0.2 %

Shares of Waste Connections stock opened at $168.98 on Friday. The firm has a 50-day simple moving average of $165.88 and a two-hundred day simple moving average of $158.37. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.75 and a current ratio of 0.75. Waste Connections, Inc. has a fifty-two week low of $126.12 and a fifty-two week high of $173.02. The company has a market cap of $43.60 billion, a P/E ratio of 54.86, a price-to-earnings-growth ratio of 2.65 and a beta of 0.70.

Waste Connections (NYSE:WCNGet Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The business services provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.02. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.05 billion. Waste Connections had a return on equity of 14.66% and a net margin of 9.70%. Waste Connections’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.89 earnings per share. As a group, equities analysts predict that Waste Connections, Inc. will post 4.85 earnings per share for the current fiscal year.

Waste Connections Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Wednesday, May 8th were issued a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 0.67%. The ex-dividend date was Tuesday, May 7th. Waste Connections’s payout ratio is presently 37.01%.

Insiders Place Their Bets

In other news, SVP Robert Nielsen III sold 2,000 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $166.00, for a total transaction of $332,000.00. Following the completion of the sale, the senior vice president now owns 6,321 shares of the company’s stock, valued at $1,049,286. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Michael W. Harlan sold 1,500 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $167.59, for a total value of $251,385.00. Following the completion of the sale, the director now directly owns 8,004 shares in the company, valued at $1,341,390.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Robert Nielsen III sold 2,000 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $166.00, for a total transaction of $332,000.00. Following the completion of the sale, the senior vice president now owns 6,321 shares of the company’s stock, valued at $1,049,286. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by company insiders.

Waste Connections Company Profile

(Free Report)

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

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:WCNFree Report).

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.