Signature Estate & Investment Advisors LLC Has $1.92 Million Holdings in Waste Connections, Inc. (NYSE:WCN)

Signature Estate & Investment Advisors LLC boosted its position in shares of Waste Connections, Inc. (NYSE:WCN) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,161 shares of the business services provider’s stock after acquiring an additional 466 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Waste Connections were worth $1,915,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Blueshift Asset Management LLC acquired a new position in shares of Waste Connections during the 3rd quarter worth about $552,000. Barclays PLC lifted its holdings in shares of Waste Connections by 34.3% during the third quarter. Barclays PLC now owns 303,040 shares of the business services provider’s stock worth $54,190,000 after buying an additional 77,466 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Waste Connections by 785.1% in the fourth quarter. GAMMA Investing LLC now owns 4,682 shares of the business services provider’s stock valued at $803,000 after acquiring an additional 4,153 shares during the period. TCW Group Inc. increased its position in Waste Connections by 6.7% during the third quarter. TCW Group Inc. now owns 722,426 shares of the business services provider’s stock worth $129,184,000 after acquiring an additional 45,215 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of Waste Connections by 6.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 72,189 shares of the business services provider’s stock worth $12,909,000 after acquiring an additional 4,330 shares during the period. 86.09% of the stock is currently owned by institutional investors.

Waste Connections Stock Up 1.1 %

Shares of Waste Connections stock opened at $193.07 on Wednesday. The company has a market capitalization of $49.83 billion, a P/E ratio of 80.78, a price-to-earnings-growth ratio of 3.07 and a beta of 0.81. 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 business has a 50-day moving average of $186.24 and a two-hundred day moving average of $182.72. Waste Connections, Inc. has a 1 year low of $160.34 and a 1 year high of $194.83.

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%. As a group, equities analysts predict that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were paid a $0.315 dividend. This represents a $1.26 annualized dividend and a dividend yield of 0.65%. The ex-dividend date was Thursday, February 27th. Waste Connections’s dividend payout ratio is 52.72%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. 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 report on Friday, February 14th. Stifel Nicolaus boosted their price objective on shares of Waste Connections from $205.00 to $212.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. CIBC decreased their price objective on Waste Connections from $215.00 to $212.00 and set an “outperform” rating on the stock in a research report on Thursday, December 19th. Scotiabank dropped their target price 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. Finally, Oppenheimer raised their price target on Waste Connections from $192.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.