Snyder Capital Management L P Has $135.27 Million Position in Waste Connections, Inc. $WCN

Snyder Capital Management L P raised its holdings in Waste Connections, Inc. (NYSE:WCN) by 13.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 769,446 shares of the business services provider’s stock after buying an additional 89,111 shares during the quarter. Waste Connections accounts for approximately 2.6% of Snyder Capital Management L P’s holdings, making the stock its 12th biggest holding. Snyder Capital Management L P’s holdings in Waste Connections were worth $135,269,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lido Advisors LLC increased its stake in Waste Connections by 2.1% in the second quarter. Lido Advisors LLC now owns 2,949 shares of the business services provider’s stock valued at $551,000 after acquiring an additional 61 shares during the period. Legacy Wealth Asset Management LLC increased its holdings in Waste Connections by 0.8% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 7,895 shares of the business services provider’s stock valued at $1,388,000 after purchasing an additional 61 shares in the last quarter. Valeo Financial Advisors LLC increased its holdings in Waste Connections by 1.6% during the 2nd quarter. Valeo Financial Advisors LLC now owns 4,052 shares of the business services provider’s stock valued at $757,000 after purchasing an additional 63 shares in the last quarter. Integrated Advisors Network LLC raised its position in Waste Connections by 4.3% in the 3rd quarter. Integrated Advisors Network LLC now owns 1,685 shares of the business services provider’s stock valued at $296,000 after purchasing an additional 70 shares during the last quarter. Finally, Parr Mcknight Wealth Management Group LLC raised its position in Waste Connections by 1.1% in the 2nd quarter. Parr Mcknight Wealth Management Group LLC now owns 6,853 shares of the business services provider’s stock valued at $1,280,000 after purchasing an additional 72 shares during the last quarter. 86.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on WCN. Citigroup restated a “neutral” rating and set a $183.00 target price (down from $196.00) on shares of Waste Connections in a report on Friday, January 16th. Oppenheimer reissued an “outperform” rating and set a $205.00 price objective (down from $206.00) on shares of Waste Connections in a report on Friday, January 23rd. Wells Fargo & Company started coverage on shares of Waste Connections in a research report on Thursday, November 13th. They issued an “overweight” rating and a $186.00 price objective for the company. The Goldman Sachs Group assumed coverage on shares of Waste Connections in a research note on Monday, November 24th. They issued a “buy” rating and a $202.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft set a $212.00 price target on shares of Waste Connections in a research note on Friday, February 13th. Four analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Waste Connections has an average rating of “Buy” and a consensus target price of $203.75.

Waste Connections Stock Down 1.6%

Shares of NYSE:WCN opened at $169.79 on Thursday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.62 and a quick ratio of 0.62. The stock has a market cap of $43.41 billion, a price-to-earnings ratio of 40.72, a P/E/G ratio of 2.96 and a beta of 0.62. The company has a 50 day moving average of $168.83 and a 200-day moving average of $172.66. Waste Connections, Inc. has a one year low of $155.65 and a one year high of $201.66.

Waste Connections (NYSE:WCN) last announced its quarterly earnings data on Wednesday, February 11th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.01. Waste Connections had a net margin of 11.37% and a return on equity of 16.25%. The firm had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.37 billion. During the same period last year, the firm earned $1.16 earnings per share. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, sell-side analysts forecast that Waste Connections, Inc. will post 5.28 earnings per share for the current year.

Waste Connections Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Wednesday, February 25th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $1.40 annualized dividend and a yield of 0.8%. Waste Connections’s dividend payout ratio is presently 33.57%.

Waste Connections Profile

Waste Connections (NYSE: WCN) is a North American integrated waste services company that provides a range of solid waste and environmental services to municipal, commercial, industrial and residential customers. The company offers collection, transportation, transfer, disposal and recycling services, and operates an extensive network of transfer stations and disposal facilities. Waste Connections positions itself as a provider of infrastructure-driven waste solutions across many regions of the United States and Canada.

The company’s operating activities include routine curbside and commercial collection, roll-off and container services, operation of landfills and transfer stations, and recycling and resource recovery programs.