Tranquility Partners LLC Has $779,000 Position in Waste Connections, Inc. (NYSE:WCN)

Tranquility Partners LLC cut its position in Waste Connections, Inc. (NYSE:WCN) by 3.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,355 shares of the business services provider’s stock after selling 134 shares during the period. Tranquility Partners LLC’s holdings in Waste Connections were worth $779,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Global Trust Asset Management LLC acquired a new stake in shares of Waste Connections in the third quarter valued at approximately $36,000. Asset Dedication LLC acquired a new position in shares of Waste Connections in the third quarter valued at approximately $41,000. Pathway Financial Advisers LLC bought a new position in Waste Connections during the 1st quarter worth $43,000. Signature Resources Capital Management LLC acquired a new stake in Waste Connections in the 2nd quarter worth about $45,000. Finally, Kennebec Savings Bank bought a new stake in shares of Waste Connections in the third quarter valued at approximately $47,000. 86.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on WCN shares. Scotiabank assumed coverage on shares of Waste Connections in a research report on Friday, October 4th. They issued a “sector perform” rating and a $196.00 target price for the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $205.00 target price (up previously from $200.00) on shares of Waste Connections in a report on Friday, October 25th. Eight Capital upgraded shares of Waste Connections to a “hold” rating in a research report on Wednesday, October 9th. CIBC increased their price objective on Waste Connections from $191.00 to $193.00 and gave the company an “outperformer” rating in a report on Friday, July 26th. Finally, Raymond James cut their target price on Waste Connections from $208.00 to $205.00 and set a “strong-buy” rating on the stock in a report on Friday, October 25th. Six analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Waste Connections has a consensus rating of “Moderate Buy” and a consensus target price of $195.56.

Waste Connections Trading Up 1.4 %

NYSE:WCN opened at $186.01 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a market capitalization of $48.00 billion, a P/E ratio of 51.10, a PEG ratio of 3.06 and a beta of 0.72. The company’s 50-day simple moving average is $180.85 and its 200 day simple moving average is $177.09. Waste Connections, Inc. has a one year low of $130.33 and a one year high of $188.30.

Waste Connections (NYSE:WCN) last issued its earnings results on Wednesday, October 23rd. The business services provider reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.05. Waste Connections had a return on equity of 15.43% and a net margin of 10.81%. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the previous year, the firm earned $1.17 EPS. Waste Connections’s revenue was up 13.3% on a year-over-year basis. As a group, analysts forecast that Waste Connections, Inc. will post 4.84 EPS for the current fiscal year.

Waste Connections Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were given a dividend of $0.315 per share. The ex-dividend date of this dividend was Thursday, November 7th. This is an increase from Waste Connections’s previous quarterly dividend of $0.29. This represents a $1.26 annualized dividend and a yield of 0.68%. Waste Connections’s payout ratio is 34.62%.

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.