Waste Connections, Inc. $WCN is Montrusco Bolton Investments Inc.’s 7th Largest Position

Montrusco Bolton Investments Inc. cut its stake in Waste Connections, Inc. (NYSE:WCN) by 2.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,252,933 shares of the business services provider’s stock after selling 53,769 shares during the period. Waste Connections comprises approximately 4.5% of Montrusco Bolton Investments Inc.’s portfolio, making the stock its 7th largest position. Montrusco Bolton Investments Inc. owned about 0.88% of Waste Connections worth $384,238,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Lido Advisors LLC boosted its holdings in shares of Waste Connections by 2.1% in the 2nd quarter. Lido Advisors LLC now owns 2,949 shares of the business services provider’s stock worth $551,000 after purchasing an additional 61 shares in the last quarter. Legacy Wealth Asset Management LLC grew its position in Waste Connections by 0.8% during the third quarter. Legacy Wealth Asset Management LLC now owns 7,895 shares of the business services provider’s stock valued at $1,388,000 after acquiring an additional 61 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in shares of Waste Connections by 1.6% during the second quarter. Valeo Financial Advisors LLC now owns 4,052 shares of the business services provider’s stock worth $757,000 after acquiring an additional 63 shares in the last quarter. Parr Mcknight Wealth Management Group LLC boosted its stake in shares of Waste Connections by 1.1% in the 2nd quarter. Parr Mcknight Wealth Management Group LLC now owns 6,853 shares of the business services provider’s stock valued at $1,280,000 after purchasing an additional 72 shares in the last quarter. Finally, Atria Investments Inc grew its holdings in shares of Waste Connections by 1.0% during the 2nd quarter. Atria Investments Inc now owns 8,016 shares of the business services provider’s stock valued at $1,497,000 after purchasing an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Waste Connections Stock Performance

Shares of WCN opened at $166.69 on Thursday. The company has a 50-day simple moving average of $169.35 and a two-hundred day simple moving average of $173.19. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.62 and a quick ratio of 0.62. The firm has a market capitalization of $42.62 billion, a PE ratio of 39.97, a price-to-earnings-growth ratio of 2.84 and a beta of 0.62. Waste Connections, Inc. has a one year low of $155.65 and a one year high of $201.66.

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

Waste Connections Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Wednesday, February 25th will be given a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.8%. Waste Connections’s dividend payout ratio is currently 33.57%.

Analysts Set New Price Targets

WCN has been the subject of several analyst reports. Scotiabank set a $197.00 price target on shares of Waste Connections and gave the company a “sector outperform” rating in a research report on Friday, February 13th. Wells Fargo & Company started coverage on Waste Connections in a report on Thursday, November 13th. They set an “overweight” rating and a $186.00 target price for the company. UBS Group set a $205.00 price target on Waste Connections in a research note on Monday, January 5th. Morgan Stanley set a $205.00 price objective on Waste Connections and gave the company an “overweight” rating in a research report on Friday, February 13th. Finally, Oppenheimer restated an “outperform” rating and issued a $205.00 target price (down from $206.00) on shares of Waste Connections in a report on Friday, January 23rd. Four analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $203.75.

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.