New Age Alpha Advisors LLC Acquires New Stake in Waste Connections, Inc. (NYSE:WCN)

New Age Alpha Advisors LLC bought a new position in Waste Connections, Inc. (NYSE:WCN) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,499 shares of the business services provider’s stock, valued at approximately $434,000.

Other institutional investors have also recently made changes to their positions in the company. Manchester Capital Management LLC purchased a new stake in Waste Connections in the 4th quarter worth about $26,000. Private Trust Co. NA increased its stake in shares of Waste Connections by 153.3% in the fourth quarter. Private Trust Co. NA now owns 152 shares of the business services provider’s stock worth $26,000 after purchasing an additional 92 shares in the last quarter. Stonebridge Financial Group LLC bought a new stake in shares of Waste Connections in the fourth quarter valued at approximately $27,000. Smartleaf Asset Management LLC boosted its holdings in Waste Connections by 59.7% in the 4th 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 period. Finally, Sierra Ocean LLC bought a new position in Waste Connections in the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WCN. Morgan Stanley increased their target price on Waste Connections from $214.00 to $219.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Oppenheimer increased their price objective on Waste Connections from $192.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Truist Financial reiterated a “buy” rating and set a $210.00 price target (up from $200.00) on shares of Waste Connections in a research report on Friday, February 14th. CIBC cut 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 report on Thursday, December 19th. Finally, Stifel Nicolaus upped their target price on shares of Waste Connections from $205.00 to $212.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $202.43.

Waste Connections Trading Up 0.7 %

NYSE WCN opened at $196.50 on Wednesday. The stock’s 50-day simple moving average is $187.82 and its two-hundred day simple moving average is $183.03. Waste Connections, Inc. has a twelve month low of $160.34 and a twelve month high of $197.74. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $50.77 billion, a price-to-earnings ratio of 82.22, a PEG ratio of 3.07 and a beta of 0.81.

Waste Connections (NYSE:WCN) last released its earnings results on Wednesday, February 12th. The business services provider reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.04). Waste Connections had a return on equity of 15.54% and a net margin of 6.92%. Research analysts forecast that Waste Connections, Inc. will post 5.28 EPS for the current fiscal 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 paid a $0.315 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.64%. Waste Connections’s dividend payout ratio (DPR) 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.