Brokerages Set Waste Connections, Inc. (NYSE:WCN) Price Target at $151.63

Shares of Waste Connections, Inc. (NYSE:WCNGet Rating) have been assigned a consensus recommendation of “Buy” from the eleven ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $151.63.

Several analysts have issued reports on WCN shares. Jefferies Financial Group reiterated a “buy” rating and issued a $165.00 target price on shares of Waste Connections in a research note on Tuesday, October 25th. Atb Cap Markets upgraded shares of Waste Connections from a “sector perform” rating to an “outperform” rating in a research report on Thursday, August 4th. BMO Capital Markets lifted their target price on shares of Waste Connections from $143.00 to $151.00 and gave the stock an “outperform” rating in a research report on Thursday, August 4th. StockNews.com began coverage on shares of Waste Connections in a report on Wednesday, October 12th. They issued a “buy” rating on the stock. Finally, Raymond James lifted their target price on shares of Waste Connections from $149.00 to $157.00 and gave the company a “strong-buy” rating in a research note on Monday, November 7th.

Insider Activity at Waste Connections

In other news, VP Patrick James Shea sold 7,000 shares of the stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $145.26, for a total value of $1,016,820.00. Following the sale, the vice president now owns 12,813 shares of the company’s stock, valued at $1,861,216.38. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Waste Connections news, VP Patrick James Shea sold 7,000 shares of the stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $145.26, for a total transaction of $1,016,820.00. Following the transaction, the vice president now directly owns 12,813 shares in the company, valued at approximately $1,861,216.38. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Eric Hansen sold 4,000 shares of the firm’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $136.93, for a total transaction of $547,720.00. Following the completion of the sale, the senior vice president now owns 6,460 shares in the company, valued at $884,567.80. The disclosure for this sale can be found here. 0.35% of the stock is owned by insiders.

Hedge Funds Weigh In On Waste Connections

Hedge funds and other institutional investors have recently modified their holdings of the stock. West Oak Capital LLC purchased a new position in shares of Waste Connections in the 3rd quarter valued at approximately $27,000. Wipfli Financial Advisors LLC purchased a new position in Waste Connections during the 3rd quarter worth approximately $35,000. New Millennium Group LLC purchased a new position in Waste Connections during the 2nd quarter worth approximately $32,000. Venture Visionary Partners LLC purchased a new position in Waste Connections during the 2nd quarter worth approximately $35,000. Finally, SeaCrest Wealth Management LLC purchased a new position in Waste Connections during the 2nd quarter worth approximately $43,000. 79.33% of the stock is owned by hedge funds and other institutional investors.

Waste Connections Trading Up 0.1 %

Shares of WCN stock opened at $141.98 on Tuesday. Waste Connections has a 52-week low of $113.50 and a 52-week high of $148.20. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.89 and a current ratio of 0.89. The company has a 50-day simple moving average of $136.12 and a two-hundred day simple moving average of $132.39. The company has a market capitalization of $36.51 billion, a price-to-earnings ratio of 45.51, a PEG ratio of 2.95 and a beta of 0.64.

Waste Connections (NYSE:WCNGet Rating) last released its earnings results on Wednesday, November 2nd. The business services provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.09. Waste Connections had a net margin of 11.59% and a return on equity of 14.10%. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.87 billion. Research analysts anticipate that Waste Connections will post 3.81 EPS for the current fiscal year.

Waste Connections Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Wednesday, November 16th will be given a dividend of $0.255 per share. This is a positive change from Waste Connections’s previous quarterly dividend of $0.23. The ex-dividend date is Tuesday, November 15th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.72%. Waste Connections’s dividend payout ratio is currently 32.69%.

About Waste Connections

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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.

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