Waste Connections, Inc. (NYSE:WCN) Stock Position Increased by Sound View Wealth Advisors Group LLC

Sound View Wealth Advisors Group LLC lifted its position in Waste Connections, Inc. (NYSE:WCN) by 69.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,210 shares of the business services provider’s stock after buying an additional 4,199 shares during the period. Sound View Wealth Advisors Group LLC’s holdings in Waste Connections were worth $1,752,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp grew its stake in Waste Connections by 8.8% in the fourth quarter. Fifth Third Bancorp now owns 705 shares of the business services provider’s stock valued at $121,000 after purchasing an additional 57 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Waste Connections by 0.4% in the fourth quarter. Jennison Associates LLC now owns 14,247 shares of the business services provider’s stock worth $2,445,000 after buying an additional 63 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Waste Connections by 59.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider’s stock worth $33,000 after buying an additional 71 shares during the last quarter. Continuum Advisory LLC lifted its position in shares of Waste Connections by 58.0% in the third quarter. Continuum Advisory LLC now owns 226 shares of the business services provider’s stock worth $42,000 after buying an additional 83 shares during the last quarter. Finally, Kingsview Wealth Management LLC lifted its position in shares of Waste Connections by 6.3% in the third quarter. Kingsview Wealth Management LLC now owns 1,515 shares of the business services provider’s stock worth $271,000 after buying an additional 90 shares during the last quarter. Institutional investors own 86.09% of the company’s stock.

Waste Connections Stock Up 1.4 %

NYSE WCN opened at $188.35 on Friday. The firm has a market cap of $48.61 billion, a PE ratio of 78.81, a price-to-earnings-growth ratio of 3.07 and a beta of 0.81. Waste Connections, Inc. has a one year low of $160.34 and a one year high of $194.83. 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 stock’s 50 day simple moving average is $182.76 and its 200 day simple moving average is $182.55.

Waste Connections (NYSE:WCN) last issued its quarterly earnings data 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%. As a group, sell-side analysts forecast 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 will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be paid a $0.315 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $1.26 annualized dividend and a yield of 0.67%. Waste Connections’s payout ratio is currently 52.72%.

Analysts Set New Price Targets

WCN has been the subject of a number of analyst reports. Scotiabank reduced their price target on Waste Connections from $196.00 to $192.00 and set a “sector perform” rating for the company in a research report on Monday, January 27th. Stifel Nicolaus boosted their price target on Waste Connections from $205.00 to $212.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. StockNews.com cut Waste Connections from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Jefferies Financial Group cut their price objective on Waste Connections from $225.00 to $210.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Finally, Truist Financial reissued a “buy” rating and set a $210.00 price objective (up previously from $200.00) on shares of Waste Connections in a research report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $202.43.

Waste Connections Company Profile

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.