Waverly Advisors LLC Invests $289,000 in Waste Connections, Inc. (NYSE:WCN)

Waverly Advisors LLC bought a new position in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,684 shares of the business services provider's stock, valued at approximately $289,000.

Several other institutional investors and hedge funds have also made changes to their positions in WCN. Barclays PLC boosted its holdings in shares of Waste Connections by 34.3% during the 3rd quarter. Barclays PLC now owns 303,040 shares of the business services provider's stock worth $54,190,000 after purchasing an additional 77,466 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Waste Connections by 8.8% during the 4th quarter. Fifth Third Bancorp now owns 705 shares of the business services provider's stock worth $121,000 after purchasing an additional 57 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its holdings in shares of Waste Connections by 25.8% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 2,549 shares of the business services provider's stock worth $437,000 after purchasing an additional 523 shares during the last quarter. Clarendon Private LLC acquired a new position in shares of Waste Connections during the 4th quarter worth approximately $282,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in shares of Waste Connections by 9.8% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,737 shares of the business services provider's stock worth $470,000 after purchasing an additional 245 shares during the last quarter. 86.09% of the stock is currently owned by institutional investors and hedge funds.

Waste Connections Trading Up 0.5%

NYSE WCN traded up $1.06 on Friday, reaching $195.45. The stock had a trading volume of 209,330 shares, compared to its average volume of 1,003,032. The firm has a market capitalization of $50.50 billion, a price-to-earnings ratio of 81.84, a P/E/G ratio of 3.07 and a beta of 0.66. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.03. Waste Connections, Inc. has a 12-month low of $160.34 and a 12-month high of $201.66. The stock has a fifty day moving average price of $194.01 and a two-hundred day moving average price of $187.28.

Waste Connections (NYSE:WCN - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.06. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.22 billion. Waste Connections had a return on equity of 15.54% and a net margin of 6.92%. The firm's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.04 earnings per share. As a group, sell-side analysts forecast that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 7th were given a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date was Wednesday, May 7th. Waste Connections's dividend payout ratio is currently 51.85%.

Wall Street Analyst Weigh In

WCN has been the topic of several recent research reports. Morgan Stanley boosted their target price on Waste Connections from $214.00 to $219.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. JPMorgan Chase & Co. lifted their price target on shares of Waste Connections from $197.00 to $230.00 and gave the company an "overweight" rating in a research report on Friday, May 23rd. Scotiabank lifted their price target on shares of Waste Connections from $192.00 to $207.00 and gave the company a "sector perform" rating in a research report on Tuesday, April 8th. Truist Financial set a $220.00 price target on shares of Waste Connections in a research report on Friday, April 25th. Finally, Seaport Res Ptn raised shares of Waste Connections to a "strong-buy" rating in a research report on Tuesday, May 6th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Waste Connections has an average rating of "Moderate Buy" and an average target price of $212.23.

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.