Fmr LLC Increases Stake in Waste Connections, Inc. (NYSE:WCN)

Fmr LLC grew its position in shares of Waste Connections, Inc. (NYSE:WCN) by 0.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,313,725 shares of the business services provider’s stock after buying an additional 30,890 shares during the quarter. Fmr LLC owned 2.06% of Waste Connections worth $950,055,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. American Trust raised its stake in Waste Connections by 3.7% during the 2nd quarter. American Trust now owns 1,573 shares of the business services provider’s stock valued at $276,000 after purchasing an additional 56 shares during the period. GAMMA Investing LLC raised its position in shares of Waste Connections by 15.0% during the third quarter. GAMMA Investing LLC now owns 529 shares of the business services provider’s stock valued at $95,000 after buying an additional 69 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Waste Connections by 8.8% in the second quarter. First Horizon Advisors Inc. now owns 916 shares of the business services provider’s stock worth $161,000 after buying an additional 74 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Waste Connections by 1.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 5,966 shares of the business services provider’s stock worth $1,047,000 after buying an additional 82 shares in the last quarter. Finally, Kingsview Wealth Management LLC boosted its position in shares of Waste Connections by 6.3% during the third quarter. Kingsview Wealth Management LLC now owns 1,515 shares of the business services provider’s stock worth $271,000 after acquiring an additional 90 shares during the last quarter. Institutional investors own 86.09% of the company’s stock.

Analyst Upgrades and Downgrades

WCN has been the topic of several recent research reports. BMO Capital Markets decreased their price objective on Waste Connections from $198.00 to $196.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Raymond James decreased their target price on shares of Waste Connections from $208.00 to $205.00 and set a “strong-buy” rating on the stock in a research report on Friday, October 25th. Oppenheimer upped their price target on shares of Waste Connections from $191.00 to $194.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Royal Bank of Canada increased their target price on Waste Connections from $199.00 to $201.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, Scotiabank assumed coverage on shares of Waste Connections in a report on Friday, October 4th. They set a “sector perform” rating and a $196.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.56.

Waste Connections Trading Down 0.0 %

Shares of NYSE WCN opened at $193.18 on Thursday. The business has a fifty day moving average price of $181.76 and a 200 day moving average price of $178.21. Waste Connections, Inc. has a 1-year low of $132.15 and a 1-year high of $194.83. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a market capitalization of $49.85 billion, a P/E ratio of 53.07, a price-to-earnings-growth ratio of 3.22 and a beta of 0.72.

Waste Connections (NYSE:WCN) last announced its earnings results on Wednesday, October 23rd. The business services provider reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.05. The company had revenue of $2.34 billion during 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%. Waste Connections’s revenue was up 13.3% compared to the same quarter last year. During the same period last year, the firm earned $1.17 earnings per share. Equities research analysts expect that Waste Connections, Inc. will post 4.84 EPS for the current fiscal year.

Waste Connections Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were paid a $0.315 dividend. The ex-dividend date was Thursday, November 7th. This is a boost from Waste Connections’s previous quarterly dividend of $0.29. This represents a $1.26 dividend on an annualized basis and a yield of 0.65%. Waste Connections’s dividend payout ratio (DPR) is 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.