Waste Connections, Inc. (NYSE:WCN) Shares Purchased by Highview Capital Management LLC DE

Highview Capital Management LLC DE lifted its stake in Waste Connections, Inc. (NYSE:WCN) by 5.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,814 shares of the business services provider’s stock after purchasing an additional 344 shares during the period. Highview Capital Management LLC DE’s holdings in Waste Connections were worth $1,169,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WCN. Manchester Capital Management LLC purchased a new stake in shares of Waste Connections during the 4th quarter worth approximately $26,000. Stonebridge Financial Group LLC purchased a new stake in Waste Connections during the fourth quarter worth $27,000. Global Trust Asset Management LLC acquired a new stake in Waste Connections in the third quarter valued at $36,000. Sierra Ocean LLC purchased a new position in shares of Waste Connections in the fourth quarter valued at $39,000. Finally, FSA Wealth Management LLC acquired a new position in shares of Waste Connections during the 3rd quarter worth $40,000. 86.09% of the stock is currently owned by institutional investors and hedge funds.

Waste Connections Stock Up 0.1 %

Shares of NYSE:WCN opened at $189.08 on Monday. Waste Connections, Inc. has a 1 year low of $160.34 and a 1 year high of $194.83. The stock has a 50-day simple moving average of $179.36 and a 200-day simple moving average of $181.67. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a market capitalization of $48.80 billion, a P/E ratio of 51.94, a PEG ratio of 2.97 and a beta of 0.77.

Waste Connections (NYSE:WCN) last issued its earnings results on Wednesday, February 12th. The business services provider reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.04). Waste Connections had a net margin of 10.81% and a return on equity of 15.43%. Equities analysts forecast that Waste Connections, Inc. will post 4.83 earnings per share for the current year.

Waste Connections Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be paid a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a yield of 0.67%. The ex-dividend date is Thursday, February 27th. Waste Connections’s payout ratio is currently 34.62%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. dropped their target price 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. Royal Bank of Canada lifted their price objective on Waste Connections from $199.00 to $201.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. CIBC cut their price target on Waste Connections from $215.00 to $212.00 and set an “outperform” rating for the company in a report on Thursday, December 19th. Stifel Nicolaus upped their price objective on Waste Connections from $205.00 to $212.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, Raymond James dropped their price objective on Waste Connections from $208.00 to $205.00 and set a “strong-buy” rating for the company in a research report on Friday, October 25th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $201.00.

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.