Kirtland Hills Capital Management LLC Buys 161 Shares of Waste Connections, Inc. (NYSE:WCN)

Kirtland Hills Capital Management LLC raised its stake in Waste Connections, Inc. (NYSE:WCN) by 11.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,615 shares of the business services provider’s stock after purchasing an additional 161 shares during the quarter. Kirtland Hills Capital Management LLC’s holdings in Waste Connections were worth $277,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of WCN. Manchester Capital Management LLC bought a new position in Waste Connections in the fourth quarter valued at approximately $26,000. Stonebridge Financial Group LLC bought a new position in shares of Waste Connections during the 4th quarter worth approximately $27,000. Sierra Ocean LLC bought a new position in shares of Waste Connections during the 4th quarter worth approximately $39,000. FSA Wealth Management LLC bought a new position in shares of Waste Connections during the 3rd quarter worth approximately $40,000. Finally, Continuum Advisory LLC boosted its stake in shares of Waste Connections by 58.0% during the 3rd quarter. Continuum Advisory LLC now owns 226 shares of the business services provider’s stock worth $42,000 after acquiring an additional 83 shares during the period. 86.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on WCN. Scotiabank reduced their target price on Waste Connections from $196.00 to $192.00 and set a “sector perform” rating for the company in a research note on Monday, January 27th. Jefferies Financial Group reduced their price target on Waste Connections from $225.00 to $210.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. StockNews.com downgraded Waste Connections from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Truist Financial restated a “buy” rating and issued a $210.00 price target (up from $200.00) on shares of Waste Connections in a research note on Friday, February 14th. Finally, Citigroup lifted their price objective on Waste Connections from $195.00 to $196.00 and gave the company a “neutral” rating in a report on Monday, January 13th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $201.00.

Waste Connections Trading Up 0.7 %

Shares of WCN stock opened at $189.20 on Wednesday. The firm has a market capitalization of $48.83 billion, a P/E ratio of 79.16, a P/E/G ratio of 3.07 and a beta of 0.77. Waste Connections, Inc. has a twelve month low of $160.34 and a twelve month high of $194.83. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.03. The stock’s fifty day simple moving average is $180.19 and its 200 day simple moving average is $182.15.

Waste Connections (NYSE:WCN) last issued its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.04). Waste Connections had a return on equity of 15.54% and a net margin of 6.92%. As a group, sell-side analysts predict that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be given a $0.315 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.67%. Waste Connections’s dividend payout ratio (DPR) is presently 52.72%.

Waste Connections Company Profile

Waste Connections, Inc provides non-hazardous waste collection, transfer, disposal, and resource recovery services in the United States and Canada. It offers collection services to residential, commercial, municipal, industrial, and exploration and production (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.