Values First Advisors Inc. Has $1.60 Million Stock Position in Waste Connections, Inc. (NYSE:WCN)

Values First Advisors Inc. increased its stake in Waste Connections, Inc. (NYSE:WCN) by 13.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,940 shares of the business services provider’s stock after buying an additional 1,063 shares during the quarter. Values First Advisors Inc.’s holdings in Waste Connections were worth $1,600,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in WCN. Wealth Enhancement Advisory Services LLC lifted its stake in Waste Connections by 3.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,005 shares of the business services provider’s stock valued at $689,000 after acquiring an additional 118 shares during the last quarter. OneAscent Wealth Management LLC bought a new position in Waste Connections during the first quarter worth about $204,000. OneAscent Financial Services LLC grew its holdings in Waste Connections by 3.3% during the first quarter. OneAscent Financial Services LLC now owns 4,968 shares of the business services provider’s stock worth $855,000 after purchasing an additional 157 shares during the period. Criterion Capital Advisors LLC increased its position in Waste Connections by 43.1% during the first quarter. Criterion Capital Advisors LLC now owns 6,813 shares of the business services provider’s stock worth $1,172,000 after buying an additional 2,052 shares during the last quarter. Finally, Merrion Investment Management Co LLC bought a new stake in Waste Connections in the first quarter valued at approximately $224,000. 86.09% of the stock is owned by institutional investors.

Insider Transactions at Waste Connections

In other Waste Connections news, CFO Mary Anne Whitney sold 16,300 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $178.05, for a total transaction of $2,902,215.00. Following the completion of the sale, the chief financial officer now owns 48,899 shares of the company’s stock, valued at approximately $8,706,466.95. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CFO Mary Anne Whitney sold 16,300 shares of Waste Connections stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $178.05, for a total value of $2,902,215.00. Following the completion of the transaction, the chief financial officer now directly owns 48,899 shares of the company’s stock, valued at approximately $8,706,466.95. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Susan Netherton sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $179.13, for a total value of $358,260.00. Following the completion of the transaction, the senior vice president now directly owns 10,078 shares in the company, valued at approximately $1,805,272.14. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,600 shares of company stock worth $3,842,550 over the last ninety days. 0.31% of the stock is owned by insiders.

Analysts Set New Price Targets

WCN has been the subject of several research analyst reports. Oppenheimer lifted their target price on Waste Connections from $191.00 to $194.00 and gave the stock an “outperform” rating in a research note on Monday. Truist Financial increased their price objective on shares of Waste Connections from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. JPMorgan Chase & Co. lifted their target price on shares of Waste Connections from $175.00 to $198.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. BMO Capital Markets increased their price target on shares of Waste Connections from $196.00 to $198.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Finally, Citigroup raised their price objective on shares of Waste Connections from $190.00 to $195.00 and gave the stock a “neutral” rating in a research report on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Waste Connections has an average rating of “Moderate Buy” and a consensus price target of $194.19.

Waste Connections Price Performance

Shares of WCN opened at $178.60 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.97. The stock has a market cap of $46.08 billion, a PE ratio of 57.99, a PEG ratio of 2.90 and a beta of 0.72. Waste Connections, Inc. has a 12-month low of $126.12 and a 12-month high of $187.54. The business has a 50-day simple moving average of $182.16 and a two-hundred day simple moving average of $175.05.

Waste Connections (NYSE:WCN) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $1.35 EPS for the quarter, topping the consensus estimate of $1.30 by $0.05. The business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.30 billion. Waste Connections had a net margin of 10.23% and a return on equity of 15.16%. The firm’s revenue was up 13.3% compared to the same quarter last year. During the same period last year, the company earned $1.17 EPS. Analysts anticipate that Waste Connections, Inc. will post 4.84 earnings per share for the current fiscal year.

Waste Connections Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th will be paid a $0.315 dividend. This is a boost from Waste Connections’s previous quarterly dividend of $0.29. The ex-dividend date is Thursday, November 7th. This represents a $1.26 annualized dividend and a dividend yield of 0.71%. Waste Connections’s dividend payout ratio is presently 37.01%.

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.