Waste Connections, Inc. (NYSE:WCN) Shares Sold by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC lessened its stake in Waste Connections, Inc. (NYSE:WCN - Free Report) by 92.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,078 shares of the business services provider's stock after selling 12,363 shares during the quarter. Cyndeo Wealth Partners LLC's holdings in Waste Connections were worth $210,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Tuttle Capital Management LLC lifted its stake in Waste Connections by 36.3% in the first quarter. Tuttle Capital Management LLC now owns 3,138 shares of the business services provider's stock worth $613,000 after acquiring an additional 836 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Waste Connections in the 1st quarter valued at $73,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Waste Connections by 19.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,069 shares of the business services provider's stock worth $1,379,000 after purchasing an additional 1,137 shares during the last quarter. Azzad Asset Management Inc. ADV lifted its position in shares of Waste Connections by 4.8% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 4,097 shares of the business services provider's stock worth $800,000 after purchasing an additional 188 shares during the last quarter. Finally, Union Bancaire Privee UBP SA grew its stake in shares of Waste Connections by 2.3% during the first quarter. Union Bancaire Privee UBP SA now owns 16,033 shares of the business services provider's stock worth $2,970,000 after purchasing an additional 360 shares in the last quarter. 86.09% of the stock is owned by institutional investors and hedge funds.

Waste Connections Stock Performance

NYSE:WCN traded down $0.79 during midday trading on Thursday, reaching $186.93. The stock had a trading volume of 948,306 shares, compared to its average volume of 999,407. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.05. The stock has a market cap of $48.30 billion, a P/E ratio of 76.93, a P/E/G ratio of 3.25 and a beta of 0.62. The firm has a fifty day simple moving average of $193.74 and a two-hundred day simple moving average of $187.46. Waste Connections, Inc. has a 12-month low of $169.36 and a 12-month high of $201.66.

Waste Connections (NYSE:WCN - Get Free Report) last released its earnings results on Wednesday, April 23rd. The business services provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.07 by $0.06. Waste Connections had a net margin of 6.93% and a return on equity of 15.74%. The company had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $2.22 billion. During the same quarter last year, the business earned $1.04 EPS. The business's revenue was up 7.5% on a year-over-year basis. On average, equities analysts expect that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 7th were issued a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend was Wednesday, May 7th. Waste Connections's dividend payout ratio is presently 51.85%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Melius started coverage on Waste Connections in a research note on Monday, June 9th. They issued a "buy" rating on the stock. BMO Capital Markets increased their price objective on Waste Connections from $214.00 to $216.00 and gave the company an "outperform" rating in a report on Friday, April 25th. Citigroup raised their target price on Waste Connections from $209.00 to $212.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 29th. Seaport Res Ptn upgraded Waste Connections to a "strong-buy" rating in a research note on Tuesday, May 6th. Finally, William Blair began coverage on shares of Waste Connections in a research note on Thursday, April 3rd. They issued an "outperform" rating on the stock. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $212.29.

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.