Waste Connections, Inc. (NYSE:WCN) Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC grew its stake in Waste Connections, Inc. (NYSE:WCN) by 9.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,410 shares of the business services provider’s stock after buying an additional 569 shares during the period. Sequoia Financial Advisors LLC’s holdings in Waste Connections were worth $1,100,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Private Trust Co. NA increased its position in shares of Waste Connections by 153.3% during the fourth quarter. Private Trust Co. NA now owns 152 shares of the business services provider’s stock worth $26,000 after purchasing an additional 92 shares in the last quarter. Manchester Capital Management LLC acquired a new position in Waste Connections during the fourth quarter worth approximately $26,000. Stonebridge Financial Group LLC purchased a new stake in Waste Connections in the fourth quarter valued at approximately $27,000. Smartleaf Asset Management LLC boosted its holdings in shares of Waste Connections by 59.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 71 shares during the period. Finally, FSA Wealth Management LLC purchased a new position in shares of Waste Connections during the third quarter worth approximately $40,000. 86.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on WCN shares. StockNews.com downgraded shares of Waste Connections from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Scotiabank decreased their target price on shares of Waste Connections from $196.00 to $192.00 and set a “sector perform” rating for the company in a research note on Monday, January 27th. Jefferies Financial Group dropped their price target on Waste Connections from $225.00 to $210.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. CIBC reduced their price objective on Waste Connections from $215.00 to $212.00 and set an “outperform” rating for the company in a research note on Thursday, December 19th. Finally, Citigroup lifted their target price on Waste Connections from $195.00 to $196.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Waste Connections presently has a consensus rating of “Moderate Buy” and an average price target of $202.43.

Waste Connections Stock Up 1.2 %

Shares of NYSE WCN opened at $185.49 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.03. The firm has a 50-day moving average price of $184.10 and a 200 day moving average price of $182.51. Waste Connections, Inc. has a 52 week low of $160.34 and a 52 week high of $194.83. The stock has a market capitalization of $47.87 billion, a price-to-earnings ratio of 77.61, a price-to-earnings-growth ratio of 3.07 and a beta of 0.81.

Waste Connections (NYSE:WCN) last announced its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.16 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.04). Waste Connections had a return on equity of 15.54% and a net margin of 6.92%. Equities research analysts anticipate that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were paid a $0.315 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.26 dividend on an annualized basis and a yield of 0.68%. Waste Connections’s payout ratio is 52.72%.

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.