LWM Advisory Services LLC Has $531,000 Stock Holdings in Waste Connections, Inc. (NYSE:WCN)

LWM Advisory Services LLC reduced its stake in shares of Waste Connections, Inc. (NYSE:WCN) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,555 shares of the business services provider’s stock after selling 86 shares during the quarter. LWM Advisory Services LLC’s holdings in Waste Connections were worth $531,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of WCN. Pacifica Partners Inc. acquired a new stake in Waste Connections during the fourth quarter worth about $25,000. Headinvest LLC acquired a new stake in shares of Waste Connections during the 3rd quarter worth approximately $36,000. Operose Advisors LLC acquired a new stake in shares of Waste Connections during the 3rd quarter worth approximately $40,000. Rational Advisors LLC bought a new position in Waste Connections in the third quarter valued at approximately $41,000. Finally, GAMMA Investing LLC acquired a new position in Waste Connections during the fourth quarter valued at approximately $61,000. Institutional investors own 86.09% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on WCN shares. Royal Bank of Canada decreased their price target on Waste Connections from $196.00 to $195.00 and set an “outperform” rating on the stock in a research note on Friday. Scotiabank boosted their target price on Waste Connections from $146.50 to $179.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 15th. CIBC increased their target price on shares of Waste Connections from $175.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. BMO Capital Markets raised their price target on shares of Waste Connections from $182.00 to $186.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Stifel Nicolaus boosted their price objective on shares of Waste Connections from $175.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $179.33.

Waste Connections Trading Up 0.7 %

Shares of Waste Connections stock traded up $1.17 on Monday, hitting $164.65. 933,301 shares of the company’s stock traded hands, compared to its average volume of 915,737. Waste Connections, Inc. has a one year low of $126.12 and a one year high of $173.02. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.75 and a quick ratio of 0.75. The company has a fifty day moving average of $168.22 and a two-hundred day moving average of $152.30. The company has a market capitalization of $42.48 billion, a price-to-earnings ratio of 53.08, a price-to-earnings-growth ratio of 2.64 and a beta of 0.66.

Waste Connections (NYSE:WCN) last announced its earnings results on Wednesday, April 24th. The business services provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.02 by $0.02. Waste Connections had a return on equity of 14.66% and a net margin of 9.70%. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the prior year, the company earned $0.89 EPS. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, sell-side analysts expect that Waste Connections, Inc. will post 4.84 earnings per share for the current year.

Waste Connections Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Wednesday, May 8th will be given a dividend of $0.285 per share. The ex-dividend date is Tuesday, May 7th. This represents a $1.14 annualized dividend and a dividend yield of 0.69%. Waste Connections’s payout ratio is 37.01%.

Insider Activity at Waste Connections

In other Waste Connections news, Director Andrea E. Bertone sold 902 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $169.17, for a total value of $152,591.34. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.31% of the stock is owned by corporate insiders.

Waste Connections 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.