Gilbert & Cook Inc. Invests $258,000 in Waste Connections, Inc. (NYSE:WCN)

Gilbert & Cook Inc. acquired a new position in shares of Waste Connections, Inc. (NYSE:WCN) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,442 shares of the business services provider’s stock, valued at approximately $258,000.

Several other hedge funds also recently modified their holdings of WCN. Principal Financial Group Inc. increased its holdings in shares of Waste Connections by 307.1% during the third quarter. Principal Financial Group Inc. now owns 1,927,155 shares of the business services provider’s stock worth $344,615,000 after buying an additional 1,453,733 shares in the last quarter. Zurich Insurance Group Ltd FI increased its holdings in shares of Waste Connections by 438.5% in the first quarter. Zurich Insurance Group Ltd FI now owns 535,471 shares of the business services provider’s stock valued at $92,106,000 after purchasing an additional 436,041 shares in the last quarter. Nicholas Company Inc. acquired a new stake in shares of Waste Connections in the second quarter valued at approximately $64,176,000. Sei Investments Co. increased its holdings in shares of Waste Connections by 252.5% in the second quarter. Sei Investments Co. now owns 510,243 shares of the business services provider’s stock valued at $89,477,000 after purchasing an additional 365,487 shares in the last quarter. Finally, Impax Asset Management Group plc acquired a new stake in shares of Waste Connections in the third quarter valued at approximately $54,800,000. Institutional investors and hedge funds own 86.09% of the company’s stock.

Wall Street Analysts Forecast Growth

WCN has been the subject of a number of research reports. Raymond James lowered their price target on shares of Waste Connections from $208.00 to $205.00 and set a “strong-buy” rating for the company in a report on Friday, October 25th. JPMorgan Chase & Co. lowered their price target on shares of Waste Connections from $198.00 to $197.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Citigroup raised their price target on shares of Waste Connections from $190.00 to $195.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. Eight Capital raised shares of Waste Connections to a “hold” rating in a research note on Wednesday, October 9th. Finally, CIBC raised their price objective on shares of Waste Connections from $191.00 to $193.00 and gave the company an “outperformer” rating in a research note on Friday, July 26th. 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 stock currently has a consensus rating of “Moderate Buy” and an average target price of $195.56.

Waste Connections Trading Down 0.1 %

Shares of NYSE WCN opened at $183.50 on Monday. The company’s fifty day moving average is $180.83 and its 200-day moving average is $176.93. The stock has a market cap of $47.35 billion, a price-to-earnings ratio of 50.41, a P/E/G ratio of 3.06 and a beta of 0.72. Waste Connections, Inc. has a twelve month low of $130.33 and a twelve month high of $188.30. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.99.

Waste Connections (NYSE:WCN) last announced its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.05. The company had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.30 billion. Waste Connections had a net margin of 10.81% and a return on equity of 15.43%. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the firm posted $1.17 earnings per share. Equities research analysts predict that Waste Connections, Inc. will post 4.84 EPS for the current year.

Waste Connections Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were 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 0.69%. The ex-dividend date was 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.