Signature Estate & Investment Advisors LLC lifted its stake in shares of Waste Connections, Inc. (NYSE:WCN) by 5.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,332 shares of the business services provider’s stock after buying an additional 730 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Waste Connections were worth $1,470,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. Tandem Investment Advisors Inc. grew its position in shares of Waste Connections by 21.5% during the fourth quarter. Tandem Investment Advisors Inc. now owns 165,258 shares of the business services provider’s stock worth $16,951,000 after buying an additional 29,209 shares in the last quarter. OneAscent Financial Services LLC grew its position in shares of Waste Connections by 24.5% during the fourth quarter. OneAscent Financial Services LLC now owns 5,555 shares of the business services provider’s stock worth $570,000 after buying an additional 1,094 shares in the last quarter. NuWave Investment Management LLC grew its position in shares of Waste Connections by 70.4% during the fourth quarter. NuWave Investment Management LLC now owns 1,919 shares of the business services provider’s stock worth $197,000 after buying an additional 793 shares in the last quarter. Red Spruce Capital LLC grew its position in shares of Waste Connections by 18.3% during the fourth quarter. Red Spruce Capital LLC now owns 4,321 shares of the business services provider’s stock worth $443,000 after buying an additional 668 shares in the last quarter. Finally, Wetherby Asset Management Inc. acquired a new position in shares of Waste Connections during the third quarter worth about $583,000. 80.77% of the stock is owned by institutional investors and hedge funds.

In other Waste Connections news, VP Matthew Stephen Black sold 2,100 shares of the business’s stock in a transaction that occurred on Monday, December 7th. The stock was sold at an average price of $102.24, for a total value of $214,704.00. Following the completion of the sale, the vice president now owns 28,035 shares in the company, valued at $2,866,298.40. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.30% of the stock is currently owned by insiders.

NYSE WCN traded down $0.22 on Wednesday, reaching $102.77. The stock had a trading volume of 1,043,974 shares, compared to its average volume of 951,947. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.45 and a current ratio of 1.45. Waste Connections, Inc. has a 12-month low of $70.87 and a 12-month high of $111.04. The business’s 50-day moving average price is $102.55 and its 200 day moving average price is $101.48. The stock has a market cap of $27.02 billion, a P/E ratio of 131.76, a price-to-earnings-growth ratio of 4.95 and a beta of 0.44.

Waste Connections (NYSE:WCN) last issued its quarterly earnings data on Wednesday, October 28th. The business services provider reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.06. Waste Connections had a return on equity of 10.44% and a net margin of 3.83%. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.38 billion. On average, sell-side analysts predict that Waste Connections, Inc. will post 2.5 earnings per share for the current year.

A number of brokerages have recently commented on WCN. Morgan Stanley boosted their price objective on Waste Connections from $119.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 6th. JPMorgan Chase & Co. raised Waste Connections from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $103.00 to $108.00 in a research report on Wednesday, September 23rd. Oppenheimer reissued a “buy” rating on shares of Waste Connections in a research report on Thursday, September 17th. Raymond James upped their price target on Waste Connections from $118.00 to $120.00 and gave the company a “strong-buy” rating in a report on Friday, January 8th. Finally, Royal Bank of Canada upped their price target on Waste Connections from $122.00 to $124.00 and gave the company an “outperform” rating in a report on Friday, October 30th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $111.86.

About Waste Connections

Waste Connections, Inc provides waste collection, transfer, disposal, and recycling services in the United States and Canada. The company operates through six segments: Southern, Western, Eastern, Canada, Central, and Exploration and Production (E&P). It offers collection services to residential, commercial, municipal, industrial, and 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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Institutional Ownership by Quarter for Waste Connections (NYSE:WCN)

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