9,093 Shares in Waste Connections, Inc. $WCN Bought by FORA Capital LLC

FORA Capital LLC acquired a new stake in Waste Connections, Inc. (NYSE:WCN) in the third quarter, Holdings Channel reports. The institutional investor acquired 9,093 shares of the business services provider’s stock, valued at approximately $1,599,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Asset Dedication LLC bought a new position in Waste Connections during the second quarter worth about $28,000. Greykasell Wealth Strategies Inc. grew its position in shares of Waste Connections by 555.2% during the 3rd quarter. Greykasell Wealth Strategies Inc. now owns 190 shares of the business services provider’s stock worth $33,000 after buying an additional 161 shares during the period. AlphaCore Capital LLC bought a new stake in shares of Waste Connections in the 2nd quarter valued at about $39,000. Caldwell Trust Co acquired a new stake in shares of Waste Connections in the 2nd quarter valued at approximately $49,000. Finally, TD Private Client Wealth LLC raised its position in shares of Waste Connections by 479.3% in the 3rd quarter. TD Private Client Wealth LLC now owns 336 shares of the business services provider’s stock valued at $59,000 after acquiring an additional 278 shares during the period. Institutional investors and hedge funds own 86.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Scotiabank set a $197.00 price objective on shares of Waste Connections and gave the company a “sector outperform” rating in a report on Friday, February 13th. TD Cowen cut their target price on shares of Waste Connections from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Friday, February 13th. UBS Group set a $205.00 price target on shares of Waste Connections in a report on Monday, January 5th. Barclays set a $176.00 price objective on shares of Waste Connections and gave the company an “equal weight” rating in a research report on Friday, February 13th. Finally, The Goldman Sachs Group initiated coverage on Waste Connections in a research note on Monday, November 24th. They set a “buy” rating and a $202.00 price objective on the stock. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $203.52.

Waste Connections Stock Performance

Shares of WCN stock opened at $166.51 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.62 and a current ratio of 0.62. The company has a market capitalization of $42.57 billion, a P/E ratio of 39.93, a price-to-earnings-growth ratio of 2.87 and a beta of 0.62. The company’s 50 day moving average price is $167.64 and its two-hundred day moving average price is $171.93. Waste Connections, Inc. has a 52 week low of $155.65 and a 52 week high of $201.66.

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

Waste Connections Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Wednesday, February 25th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, February 25th. 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.