Legacy Wealth Asset Management LLC Sells 87 Shares of Waste Connections, Inc. (NYSE:WCN)

Legacy Wealth Asset Management LLC lowered its holdings in shares of Waste Connections, Inc. (NYSE:WCN) by 1.0% during the 4th quarter, HoldingsChannel reports. The fund owned 8,629 shares of the business services provider’s stock after selling 87 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Waste Connections were worth $1,481,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Raymond James lowered their price target on Waste Connections from $208.00 to $205.00 and set a “strong-buy” rating for the company in a research report on Friday, October 25th. Oppenheimer lifted their target price on shares of Waste Connections from $192.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. JPMorgan Chase & Co. cut their price target on shares of Waste Connections from $198.00 to $197.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Morgan Stanley boosted their price objective on shares of Waste Connections from $206.00 to $214.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Finally, CIBC cut their target price on Waste Connections from $215.00 to $212.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $199.75.

Waste Connections Stock Up 0.9 %

WCN stock opened at $178.30 on Friday. The company has a market cap of $46.01 billion, a price-to-earnings ratio of 48.98, a P/E/G ratio of 2.61 and a beta of 0.76. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.77 and a current ratio of 0.77. The business’s 50-day moving average is $181.28 and its two-hundred day moving average is $180.78. Waste Connections, Inc. has a fifty-two week low of $145.35 and a fifty-two week high of $194.83.

Waste Connections (NYSE:WCN) last posted its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.05. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.30 billion. Waste Connections had a net margin of 10.81% and a return on equity of 15.43%. The firm’s revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.17 earnings per share. As a group, analysts forecast that Waste Connections, Inc. will post 4.84 earnings per share for the current year.

Waste Connections Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th were given a dividend of $0.315 per share. This is an increase from Waste Connections’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.71%. Waste Connections’s payout ratio 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.