Waste Connections, Inc. (NYSE:WCN) Shares Bought by Venturi Wealth Management LLC

Venturi Wealth Management LLC lifted its holdings in shares of Waste Connections, Inc. (NYSE:WCN) by 19.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 3,001 shares of the business services provider’s stock after acquiring an additional 493 shares during the period. Venturi Wealth Management LLC’s holdings in Waste Connections were worth $537,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of WCN. Atomi Financial Group Inc. purchased a new position in shares of Waste Connections in the 1st quarter valued at about $202,000. Sei Investments Co. grew its position in Waste Connections by 6.2% in the 1st quarter. Sei Investments Co. now owns 144,756 shares of the business services provider’s stock valued at $24,899,000 after acquiring an additional 8,505 shares in the last quarter. Headlands Technologies LLC purchased a new position in Waste Connections in the 1st quarter valued at approximately $150,000. QRG Capital Management Inc. grew its stake in Waste Connections by 3.7% during the 1st quarter. QRG Capital Management Inc. now owns 11,581 shares of the business services provider’s stock worth $1,992,000 after purchasing an additional 415 shares in the last quarter. Finally, Entropy Technologies LP raised its holdings in Waste Connections by 262.3% in the first quarter. Entropy Technologies LP now owns 8,514 shares of the business services provider’s stock valued at $1,464,000 after acquiring an additional 6,164 shares in the last quarter. Institutional investors and hedge funds own 86.09% of the company’s stock.

Analyst Ratings Changes

WCN has been the topic of a number of recent analyst reports. TD Cowen increased their price objective on Waste Connections from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, July 26th. JPMorgan Chase & Co. lowered their price objective on Waste Connections from $198.00 to $197.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. CIBC lifted their price target on shares of Waste Connections from $191.00 to $193.00 and gave the company an “outperformer” rating in a research report on Friday, July 26th. Royal Bank of Canada increased their price objective on shares of Waste Connections from $199.00 to $201.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $205.00 price objective (up from $200.00) on shares of Waste Connections in a research report on Friday, October 25th. Six equities research 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.56.

Waste Connections Stock Up 1.2 %

NYSE WCN opened at $187.56 on Wednesday. The stock’s 50 day moving average is $180.73 and its two-hundred day moving average is $176.30. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $48.40 billion, a price-to-earnings ratio of 50.92, a PEG ratio of 3.07 and a beta of 0.72. Waste Connections, Inc. has a 1-year low of $129.31 and a 1-year high of $187.82.

Waste Connections (NYSE:WCN) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.35 EPS for the quarter, beating 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 firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same period last year, the company earned $1.17 EPS. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. Equities analysts forecast that Waste Connections, Inc. will post 4.84 earnings per share for the current fiscal year.

Waste Connections Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, November 7th will be given a $0.315 dividend. This is a boost from Waste Connections’s previous quarterly dividend of $0.29. This represents a $1.26 annualized dividend and a yield of 0.67%. The ex-dividend date is Thursday, November 7th. Waste Connections’s payout ratio is currently 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.