Cerity Partners LLC Has $1.72 Million Stock Holdings in Waste Connections, Inc. (NYSE:WCN)

Cerity Partners LLC decreased its position in Waste Connections, Inc. (NYSE:WCN) by 9.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,898 shares of the business services provider’s stock after selling 1,034 shares during the period. Cerity Partners LLC’s holdings in Waste Connections were worth $1,724,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in WCN. Manchester Capital Management LLC bought a new stake in shares of Waste Connections during the fourth quarter valued at approximately $26,000. Private Trust Co. NA increased its holdings in Waste Connections by 153.3% in the 4th quarter. Private Trust Co. NA now owns 152 shares of the business services provider’s stock valued at $26,000 after buying an additional 92 shares during the period. Stonebridge Financial Group LLC acquired a new position in shares of Waste Connections in the 4th quarter valued at $27,000. Aster Capital Management DIFC Ltd bought a new position in shares of Waste Connections during the 4th quarter worth about $28,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of Waste Connections by 59.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 71 shares in the last quarter. Institutional investors and hedge funds own 86.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on WCN shares. Truist Financial restated a “buy” rating and set a $210.00 price target (up previously from $200.00) on shares of Waste Connections in a research note on Friday, February 14th. William Blair assumed coverage on shares of Waste Connections in a report on Thursday, April 3rd. They issued an “outperform” rating on the stock. StockNews.com downgraded shares of Waste Connections from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Jefferies Financial Group decreased their price objective on shares of Waste Connections from $225.00 to $210.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Finally, Morgan Stanley lifted their target price on shares of Waste Connections from $214.00 to $219.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $204.43.

Waste Connections Trading Up 0.5 %

NYSE WCN opened at $196.88 on Thursday. Waste Connections, Inc. has a one year low of $160.34 and a one year high of $201.66. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market cap of $50.87 billion, a P/E ratio of 82.38, a P/E/G ratio of 3.07 and a beta of 0.67. The stock’s 50-day moving average is $189.88 and its 200-day moving average is $184.06.

Waste Connections (NYSE:WCN) last announced its earnings results on Wednesday, February 12th. The business services provider reported $1.16 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.04). Waste Connections had a return on equity of 15.54% and a net margin of 6.92%. Sell-side analysts anticipate that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were paid a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend was Thursday, February 27th. Waste Connections’s payout ratio is presently 52.72%.

About Waste Connections

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.