Vestcor Inc Has $10.66 Million Position in Waste Connections, Inc. $WCN

Vestcor Inc raised its holdings in shares of Waste Connections, Inc. (NYSE:WCN) by 7.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,609 shares of the business services provider’s stock after purchasing an additional 3,991 shares during the quarter. Vestcor Inc’s holdings in Waste Connections were worth $10,655,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Lido Advisors LLC grew its holdings in shares of Waste Connections by 2.1% during the second quarter. Lido Advisors LLC now owns 2,949 shares of the business services provider’s stock valued at $551,000 after buying an additional 61 shares during the last quarter. Legacy Wealth Asset Management LLC raised its holdings in shares of Waste Connections by 0.8% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 7,895 shares of the business services provider’s stock worth $1,388,000 after acquiring an additional 61 shares during the last quarter. Valeo Financial Advisors LLC lifted its position in Waste Connections by 1.6% in the 2nd quarter. Valeo Financial Advisors LLC now owns 4,052 shares of the business services provider’s stock valued at $757,000 after acquiring an additional 63 shares in the last quarter. Integrated Advisors Network LLC lifted 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 acquiring an additional 70 shares in the last quarter. Finally, Parr Mcknight Wealth Management Group LLC boosted its stake in Waste Connections by 1.1% during 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. Institutional investors and hedge funds own 86.09% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on WCN. The Goldman Sachs Group started coverage on Waste Connections in a report on Monday, November 24th. They set a “buy” rating and a $202.00 price objective for the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $210.00 target price (down from $219.00) on shares of Waste Connections in a research report on Tuesday, February 17th. Barclays set a $176.00 price target on Waste Connections and gave the stock an “equal weight” rating in a report on Friday, February 13th. JPMorgan Chase & Co. lowered their price target on Waste Connections from $220.00 to $210.00 and set an “overweight” rating for the company in a research report on Wednesday, January 14th. Finally, TD Cowen dropped their price objective on Waste Connections from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. Four investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Waste Connections currently has an average rating of “Buy” and an average target price of $203.75.

Waste Connections Price Performance

Waste Connections stock opened at $170.25 on Monday. Waste Connections, Inc. has a 52 week low of $155.65 and a 52 week high of $201.66. The company’s 50 day moving average price is $168.53 and its two-hundred day moving average price is $172.35. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.07. The stock has a market cap of $43.53 billion, a P/E ratio of 40.83, a P/E/G ratio of 2.92 and a beta of 0.62.

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

Waste Connections Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Wednesday, February 25th will be given 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 payout ratio is currently 33.57%.

About Waste Connections

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.