Waste Connections, Inc. $WCN Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its position in Waste Connections, Inc. (NYSE:WCN) by 161.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 19,114 shares of the business services provider’s stock after buying an additional 11,810 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Waste Connections were worth $3,332,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC bought a new stake in Waste Connections during the third quarter valued at $26,000. Asset Dedication LLC bought a new position in shares of Waste Connections in the 2nd quarter worth about $28,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Waste Connections in the 3rd quarter valued at about $30,000. Greykasell Wealth Strategies Inc. boosted its holdings in shares of Waste Connections by 555.2% in the 3rd quarter. Greykasell Wealth Strategies Inc. now owns 190 shares of the business services provider’s stock valued at $33,000 after buying an additional 161 shares during the period. Finally, Caldwell Trust Co bought a new stake in shares of Waste Connections during the 2nd quarter valued at about $49,000. 86.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WCN. Barclays set a $176.00 target price on shares of Waste Connections and gave the stock an “equal weight” rating in a report on Friday, February 13th. Canadian Imperial Bank of Commerce set a $208.00 price target on Waste Connections in a research report on Thursday, January 8th. Citigroup reissued a “neutral” rating and issued a $183.00 price target (down from $196.00) on shares of Waste Connections in a report on Friday, January 16th. TD Cowen lowered their price objective on Waste Connections from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $210.00 target price (down from $219.00) on shares of Waste Connections in a research report on Tuesday, February 17th. Four research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $203.52.

Waste Connections Stock Performance

WCN opened at $162.31 on Wednesday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.07. The business’s 50 day moving average is $166.21 and its 200-day moving average is $170.20. The stock has a market cap of $41.43 billion, a PE ratio of 38.92, a price-to-earnings-growth ratio of 2.78 and a beta of 0.62. Waste Connections, Inc. has a twelve month low of $154.90 and a twelve month high of $201.66.

Waste Connections (NYSE:WCN) last posted its earnings results on Wednesday, February 11th. The business services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.28 by $0.01. The firm had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.37 billion. Waste Connections had a return on equity of 16.25% and a net margin of 11.37%.The firm’s revenue was up 5.0% compared to the same quarter last year. During the same period last year, the firm earned $1.16 EPS. On average, analysts predict that Waste Connections, Inc. will post 5.28 earnings per share for the current year.

Waste Connections Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Wednesday, February 25th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, February 25th. Waste Connections’s dividend payout ratio (DPR) is 33.57%.

Waste Connections Profile

Waste Connections (NYSE: WCN) is a North American integrated waste services company that provides a range of solid waste and environmental services to municipal, commercial, industrial and residential customers. The company offers collection, transportation, transfer, disposal and recycling services, and operates an extensive network of transfer stations and disposal facilities. Waste Connections positions itself as a provider of infrastructure-driven waste solutions across many regions of the United States and Canada.

The company’s operating activities include routine curbside and commercial collection, roll-off and container services, operation of landfills and transfer stations, and recycling and resource recovery programs.