2,499 Shares in Waste Connections, Inc. (NYSE:WCN) Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC purchased a new stake in Waste Connections, Inc. (NYSE:WCN) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,499 shares of the business services provider’s stock, valued at approximately $434,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Private Trust Co. NA increased its position in Waste Connections by 153.3% during the 4th quarter. Private Trust Co. NA now owns 152 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 92 shares during the period. Manchester Capital Management LLC acquired a new stake in shares of Waste Connections during the fourth quarter worth $26,000. Stonebridge Financial Group LLC bought a new position in Waste Connections during the fourth quarter worth $27,000. Smartleaf Asset Management LLC lifted its holdings in Waste Connections by 59.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider’s stock valued at $33,000 after buying an additional 71 shares during the period. Finally, Continuum Advisory LLC boosted its position in Waste Connections by 58.0% during the third quarter. Continuum Advisory LLC now owns 226 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 83 shares during the last quarter. Institutional investors and hedge funds own 86.09% of the company’s stock.

Wall Street Analyst Weigh In

WCN has been the topic of a number of recent analyst reports. Scotiabank dropped their price objective on Waste Connections from $196.00 to $192.00 and set a “sector perform” rating on the stock in a research note on Monday, January 27th. Jefferies Financial Group cut their price target on Waste Connections from $225.00 to $210.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Truist Financial reiterated a “buy” rating and issued a $210.00 price objective (up previously from $200.00) on shares of Waste Connections in a research note on Friday, February 14th. Oppenheimer boosted their target price on shares of Waste Connections from $192.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Finally, Citigroup lifted their price target on shares of Waste Connections from $195.00 to $196.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. Four 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 data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $202.43.

Waste Connections Stock Up 0.7 %

WCN opened at $196.50 on Wednesday. Waste Connections, Inc. has a fifty-two week low of $160.34 and a fifty-two week high of $197.74. 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 company’s 50-day moving average is $187.82 and its 200 day moving average is $183.03. The firm has a market capitalization of $50.77 billion, a P/E 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 (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%. Research analysts expect that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were paid 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 was Thursday, February 27th. Waste Connections’s payout ratio is 52.72%.

About Waste Connections

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.