158 Shares in Waste Connections, Inc. (NYSE:WCN) Purchased by Stonebridge Financial Group LLC

Stonebridge Financial Group LLC purchased a new stake in Waste Connections, Inc. (NYSE:WCN) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 158 shares of the business services provider’s stock, valued at approximately $27,000.

A number of other hedge funds also recently modified their holdings of the company. Global Trust Asset Management LLC acquired a new position in shares of Waste Connections in the third quarter valued at $36,000. FSA Wealth Management LLC acquired a new position in shares of Waste Connections in the 3rd quarter valued at $40,000. Continuum Advisory LLC lifted its holdings in shares of Waste Connections by 58.0% during the 3rd quarter. Continuum Advisory LLC now owns 226 shares of the business services provider’s stock worth $42,000 after acquiring an additional 83 shares during the period. Asset Dedication LLC acquired a new stake in shares of Waste Connections during the 3rd quarter valued at about $41,000. Finally, Kennebec Savings Bank bought a new stake in Waste Connections in the third quarter valued at about $47,000. Institutional investors own 86.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. BMO Capital Markets decreased their price objective on Waste Connections from $198.00 to $196.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Raymond James reduced their target price on shares of Waste Connections from $208.00 to $205.00 and set a “strong-buy” rating on the stock in a research note on Friday, October 25th. Jefferies Financial Group dropped their target price on shares of Waste Connections from $225.00 to $210.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. JPMorgan Chase & Co. reduced their price target on shares of Waste Connections from $198.00 to $197.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Finally, CIBC dropped their price objective on shares of Waste Connections from $215.00 to $212.00 and set an “outperform” rating for the company in a report on Thursday, December 19th. Five equities research 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 MarketBeat, Waste Connections presently has a consensus rating of “Moderate Buy” and a consensus price target of $200.00.

Waste Connections Trading Up 0.1 %

Shares of NYSE WCN opened at $189.08 on Friday. The company’s 50 day simple moving average is $179.39 and its 200 day simple moving average is $181.54. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.77 and a quick ratio of 0.77. Waste Connections, Inc. has a fifty-two week low of $160.34 and a fifty-two week high of $194.83. The firm has a market capitalization of $48.80 billion, a P/E ratio of 51.94, a P/E/G ratio of 2.97 and a beta of 0.77.

Waste Connections (NYSE:WCN) last issued 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 net margin of 10.81% and a return on equity of 15.43%. On average, analysts predict that Waste Connections, Inc. will post 4.83 EPS for the current year.

Waste Connections Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.67%. Waste Connections’s dividend payout ratio (DPR) is presently 34.62%.

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.