Waste Connections, Inc. $WCN Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in Waste Connections, Inc. (NYSE:WCN) by 72.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 233,477 shares of the business services provider’s stock after purchasing an additional 97,706 shares during the quarter. SG Americas Securities LLC owned approximately 0.09% of Waste Connections worth $40,943,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Lido Advisors LLC grew its stake in Waste Connections by 2.1% in the second 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 raised its stake 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 buying an additional 61 shares in the last quarter. Valeo Financial Advisors LLC lifted its holdings in Waste Connections by 1.6% during the 2nd quarter. Valeo Financial Advisors LLC now owns 4,052 shares of the business services provider’s stock worth $757,000 after buying an additional 63 shares during the last quarter. Kestra Private Wealth Services LLC lifted its holdings in Waste Connections by 2.6% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 2,556 shares of the business services provider’s stock worth $449,000 after buying an additional 64 shares during the last quarter. Finally, RDA Financial Network grew its position in shares of Waste Connections by 2.8% in the 4th quarter. RDA Financial Network now owns 2,459 shares of the business services provider’s stock worth $431,000 after acquiring an additional 67 shares in the last quarter. Institutional investors own 86.09% of the company’s stock.

Waste Connections Trading Down 0.6%

Waste Connections stock opened at $156.86 on Thursday. Waste Connections, Inc. has a 52-week low of $154.90 and a 52-week high of $201.66. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $40.03 billion, a price-to-earnings ratio of 37.62, a PEG ratio of 2.71 and a beta of 0.62. The firm has a 50-day moving average price of $166.79 and a two-hundred day moving average price of $170.75.

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

Waste Connections Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Wednesday, February 25th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 0.9%. The ex-dividend date was Wednesday, February 25th. Waste Connections’s dividend payout ratio (DPR) is currently 33.57%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on WCN. Stifel Nicolaus set a $213.00 price target on Waste Connections and gave the company a “buy” rating in a report on Friday, February 13th. Citigroup reaffirmed a “neutral” rating and issued a $183.00 price objective (down from $196.00) on shares of Waste Connections in a report on Friday, January 16th. Sanford C. Bernstein reiterated an “outperform” rating and set a $205.00 target price (up from $200.00) on shares of Waste Connections in a research note on Monday, January 5th. Deutsche Bank Aktiengesellschaft set a $212.00 target price on shares of Waste Connections in a report on Friday, February 13th. Finally, Canadian Imperial Bank of Commerce set a $208.00 price target on shares of Waste Connections in a research report on Thursday, January 8th. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $203.52.

Waste Connections Profile

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.