Waste Connections, Inc. (NYSE:WCN) Shares Acquired by Highview Capital Management LLC DE

Highview Capital Management LLC DE boosted its stake in Waste Connections, Inc. (NYSE:WCN) by 5.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,814 shares of the business services provider’s stock after buying an additional 344 shares during the period. Highview Capital Management LLC DE’s holdings in Waste Connections were worth $1,169,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WCN. Manchester Capital Management LLC acquired a new position in shares of Waste Connections during the 4th quarter valued at $26,000. Stonebridge Financial Group LLC bought a new position in shares of Waste Connections during the 4th quarter valued at about $27,000. Global Trust Asset Management LLC acquired a new position in Waste Connections in the third quarter worth approximately $36,000. Sierra Ocean LLC acquired a new position in shares of Waste Connections in the 4th quarter worth $39,000. Finally, FSA Wealth Management LLC purchased a new position in Waste Connections in the 3rd quarter worth about $40,000. Institutional investors own 86.09% of the company’s stock.

Waste Connections Stock Up 0.1 %

WCN stock opened at $189.08 on Monday. The firm has a market cap of $48.80 billion, a PE ratio of 51.94, a PEG ratio of 2.97 and a beta of 0.77. Waste Connections, Inc. has a 1 year low of $160.34 and a 1 year high of $194.83. The company has a fifty day simple moving average of $179.36 and a 200 day simple moving average of $181.67. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99.

Waste Connections (NYSE:WCN) last announced its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.04). Waste Connections had a return on equity of 15.43% and a net margin of 10.81%. Sell-side analysts anticipate that Waste Connections, Inc. will post 4.83 EPS for the current fiscal year.

Waste Connections Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be issued a dividend of $0.315 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $1.26 annualized dividend and a yield of 0.67%. Waste Connections’s dividend payout ratio (DPR) is presently 34.62%.

Analyst Ratings Changes

WCN has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Waste Connections from $198.00 to $197.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Jefferies Financial Group decreased their price objective on shares of Waste Connections from $225.00 to $210.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Royal Bank of Canada boosted their target price on shares of Waste Connections from $199.00 to $201.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Raymond James dropped their price target on 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. Finally, Stifel Nicolaus raised their price objective on Waste Connections from $205.00 to $212.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $201.00.

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.