5,983 Shares in Waste Connections, Inc. (NYSE:WCN) Bought by Centiva Capital LP

Centiva Capital LP bought a new position in Waste Connections, Inc. (NYSE:WCN) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,983 shares of the business services provider’s stock, valued at approximately $1,070,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WCN. Global Trust Asset Management LLC bought a new position in shares of Waste Connections during the 3rd quarter worth approximately $36,000. FSA Wealth Management LLC bought a new position in Waste Connections in the third quarter valued at $40,000. Asset Dedication LLC acquired a new stake in Waste Connections in the 3rd quarter valued at $41,000. Signature Resources Capital Management LLC bought a new stake in Waste Connections during the 2nd quarter worth about $45,000. Finally, Kennebec Savings Bank bought a new stake in Waste Connections during the 3rd quarter worth about $47,000. 86.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on WCN shares. CIBC lifted their target price on Waste Connections from $199.00 to $215.00 and gave the company an “outperformer” rating in a research report on Wednesday. JPMorgan Chase & Co. lowered their price target on Waste Connections from $198.00 to $197.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Royal Bank of Canada increased their price objective on Waste Connections from $199.00 to $201.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Raymond James lowered 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 report on Friday, October 25th. Finally, BMO Capital Markets cut their price target on shares of Waste Connections from $198.00 to $196.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Waste Connections presently has a consensus rating of “Moderate Buy” and an average target price of $198.40.

Waste Connections Trading Down 0.4 %

Shares of NYSE:WCN opened at $190.30 on Friday. Waste Connections, Inc. has a 12-month low of $137.25 and a 12-month high of $194.83. The business has a 50 day moving average of $183.21 and a 200-day moving average of $179.18. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.99. The stock has a market cap of $49.11 billion, a PE ratio of 52.28, a P/E/G ratio of 3.20 and a beta of 0.74.

Waste Connections (NYSE:WCN) last released its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.05. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.30 billion. Waste Connections had a return on equity of 15.43% and a net margin of 10.81%. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.17 EPS. As a group, equities research 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 declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were given a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 0.66%. This is a positive change from Waste Connections’s previous quarterly dividend of $0.29. The ex-dividend date was Thursday, November 7th. Waste Connections’s dividend payout ratio (DPR) is currently 34.62%.

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.