OneAscent Financial Services LLC Sells 216 Shares of Waste Connections, Inc. (NYSE:WCN)

OneAscent Financial Services LLC lessened its holdings in shares of Waste Connections, Inc. (NYSE:WCN) by 6.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,375 shares of the business services provider’s stock after selling 216 shares during the period. OneAscent Financial Services LLC’s holdings in Waste Connections were worth $579,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in shares of Waste Connections by 307.1% during the third quarter. Principal Financial Group Inc. now owns 1,927,155 shares of the business services provider’s stock valued at $344,615,000 after acquiring an additional 1,453,733 shares in the last quarter. Townsquare Capital LLC bought a new position in Waste Connections in the 3rd quarter worth $359,000. Captrust Financial Advisors lifted its holdings in Waste Connections by 1.3% in the third quarter. Captrust Financial Advisors now owns 16,799 shares of the business services provider’s stock worth $3,004,000 after buying an additional 222 shares during the period. Erste Asset Management GmbH bought a new stake in shares of Waste Connections during the third quarter valued at approximately $1,998,000. Finally, Benjamin Edwards Inc. bought a new stake in shares of Waste Connections during the 3rd quarter valued at $1,157,000. Institutional investors own 86.09% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on WCN shares. 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 report on Friday, February 14th. StockNews.com lowered Waste Connections from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Citigroup upped their price target on shares of Waste Connections from $199.00 to $218.00 and gave the stock a “neutral” rating in a research note on Wednesday. CIBC reduced their price objective on shares of Waste Connections from $215.00 to $212.00 and set an “outperform” rating for the company in a research note on Thursday, December 19th. Finally, Oppenheimer upped their target price on shares of Waste Connections from $192.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $204.00.

Waste Connections Stock Performance

Shares of WCN opened at $196.75 on Thursday. Waste Connections, Inc. has a one year low of $160.34 and a one year high of $197.74. The business has a fifty day moving average of $188.19 and a 200 day moving average of $183.13. 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 capitalization of $50.83 billion, a P/E ratio of 82.32, a PEG ratio of 3.07 and a beta of 0.81.

Waste Connections (NYSE:WCN) last released its quarterly 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 net margin of 6.92% and a return on equity of 15.54%. As a group, sell-side analysts anticipate that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Announces Dividend

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

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.