Westview Management dba Westview Investment Advisors Takes $3.29 Million Position in Waste Connections, Inc. $WCN

Westview Management dba Westview Investment Advisors purchased a new stake in Waste Connections, Inc. (NYSE:WCN) in the fourth quarter, Holdings Channel reports. The firm purchased 18,758 shares of the business services provider’s stock, valued at approximately $3,289,000. Waste Connections accounts for 1.6% of Westview Management dba Westview Investment Advisors’ holdings, making the stock its 25th largest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Lido Advisors LLC increased its holdings in Waste Connections by 2.1% during 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 during the period. Legacy Wealth Asset Management LLC grew its position in shares of Waste Connections by 0.8% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 7,895 shares of the business services provider’s stock worth $1,388,000 after buying an additional 61 shares in the last quarter. Valeo Financial Advisors LLC grew its position in shares of 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 in the last quarter. Kestra Private Wealth Services LLC increased its stake in shares of Waste Connections by 2.6% during the third quarter. Kestra Private Wealth Services LLC now owns 2,556 shares of the business services provider’s stock valued at $449,000 after buying an additional 64 shares during the period. Finally, RDA Financial Network increased its stake in shares of Waste Connections by 2.8% during the fourth quarter. RDA Financial Network now owns 2,459 shares of the business services provider’s stock valued at $431,000 after buying an additional 67 shares during the period. Institutional investors own 86.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on WCN shares. TD Cowen lowered their price objective on shares of Waste Connections from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Barclays set a $176.00 target price on shares of Waste Connections and gave the company an “equal weight” rating in a research report on Friday, February 13th. Wolfe Research began coverage on shares of Waste Connections in a research report on Friday, March 13th. They issued an “outperform” rating and a $199.00 price target for the company. Stifel Nicolaus set a $213.00 price objective on shares of Waste Connections and gave the company a “buy” rating in a research note on Friday, February 13th. Finally, Scotiabank set a $197.00 price objective on shares of Waste Connections and gave the company a “sector outperform” rating in a report on Friday, February 13th. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $203.52.

Waste Connections Price Performance

Shares of WCN stock opened at $162.76 on Monday. The stock’s 50-day moving average is $167.13 and its 200 day moving average is $171.13. Waste Connections, Inc. has a 1-year low of $155.65 and a 1-year high of $201.66. 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 company has a market cap of $41.54 billion, a P/E ratio of 39.03, a PEG ratio of 2.79 and a beta of 0.62.

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

Waste Connections Announces Dividend

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

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.