Waste Connections, Inc. $WCN Stock Holdings Lifted by Sands Capital Management LLC

Sands Capital Management LLC boosted its position in shares of Waste Connections, Inc. (NYSE:WCN) by 5.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,183,194 shares of the business services provider’s stock after buying an additional 63,112 shares during the quarter. Sands Capital Management LLC’s holdings in Waste Connections were worth $208,006,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Asset Dedication LLC acquired a new position in Waste Connections during the second quarter valued at $28,000. Greykasell Wealth Strategies Inc. grew its stake in Waste Connections by 555.2% during the 3rd quarter. Greykasell Wealth Strategies Inc. now owns 190 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 161 shares in the last quarter. AlphaCore Capital LLC acquired a new position in shares of Waste Connections in the 2nd quarter valued at about $39,000. Caldwell Trust Co purchased a new stake in shares of Waste Connections in the second quarter worth approximately $49,000. Finally, TD Private Client Wealth LLC boosted its holdings in shares of Waste Connections by 479.3% during the third quarter. TD Private Client Wealth LLC now owns 336 shares of the business services provider’s stock worth $59,000 after purchasing an additional 278 shares during the period. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Barclays set a $176.00 price objective on shares of Waste Connections and gave the company an “equal weight” rating in a research note on Friday, February 13th. BNP Paribas Exane began coverage on shares of Waste Connections in a report on Tuesday, January 6th. They set an “outperform” rating on the stock. UBS Group set a $205.00 price target on shares of Waste Connections in a research note on Monday, January 5th. Canadian Imperial Bank of Commerce set a $208.00 price objective on Waste Connections in a report on Thursday, January 8th. Finally, TD Cowen lowered their target price 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 analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $203.75.

Waste Connections Price Performance

NYSE WCN opened at $165.67 on Wednesday. Waste Connections, Inc. has a 1 year low of $155.65 and a 1 year high of $201.66. The company has a fifty day simple moving average of $168.14 and a 200 day simple moving average of $172.11. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.07. The company has a market cap of $42.36 billion, a P/E ratio of 39.73, a P/E/G ratio of 2.95 and a beta of 0.62.

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

Waste Connections Dividend Announcement

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

Waste Connections Company 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.