OneAscent Financial Services LLC Purchases 157 Shares of Waste Connections, Inc. (NYSE:WCN)

OneAscent Financial Services LLC raised its position in Waste Connections, Inc. (NYSE:WCN) by 3.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,968 shares of the business services provider’s stock after acquiring an additional 157 shares during the quarter. OneAscent Financial Services LLC’s holdings in Waste Connections were worth $855,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of WCN. Pacifica Partners Inc. bought a new position in shares of Waste Connections in the fourth quarter worth about $25,000. Headinvest LLC bought a new position in shares of Waste Connections in the third quarter worth about $36,000. Sands Capital Management LLC raised its stake in shares of Waste Connections by 76.6% in the fourth quarter. Sands Capital Management LLC now owns 378 shares of the business services provider’s stock worth $56,000 after buying an additional 164 shares during the period. GAMMA Investing LLC bought a new position in shares of Waste Connections in the fourth quarter worth about $61,000. Finally, Optiver Holding B.V. bought a new position in shares of Waste Connections in the fourth quarter worth about $76,000. Institutional investors own 86.09% of the company’s stock.

Wall Street Analyst Weigh In

WCN has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on Waste Connections in a research note on Thursday, May 23rd. They issued a “buy” rating and a $189.00 price objective on the stock. BMO Capital Markets increased their target price on Waste Connections from $182.00 to $186.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. StockNews.com upgraded Waste Connections from a “hold” rating to a “buy” rating in a research report on Saturday, May 18th. Oppenheimer increased their target price on Waste Connections from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Monday, March 18th. Finally, Royal Bank of Canada cut their target price on Waste Connections from $196.00 to $195.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Waste Connections presently has a consensus rating of “Moderate Buy” and a consensus target price of $179.94.

Waste Connections Price Performance

Shares of Waste Connections stock opened at $175.36 on Friday. The stock has a market cap of $45.25 billion, a price-to-earnings ratio of 56.94, a price-to-earnings-growth ratio of 2.80 and a beta of 0.70. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a 50 day moving average price of $167.20 and a 200-day moving average price of $162.43. Waste Connections, Inc. has a one year low of $126.12 and a one year high of $177.25.

Waste Connections (NYSE:WCN) last announced its earnings results on Wednesday, April 24th. The business services provider reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.02. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Waste Connections had a return on equity of 14.66% and a net margin of 9.70%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 EPS. Equities analysts expect that Waste Connections, Inc. will post 4.85 EPS for the current year.

Waste Connections Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Wednesday, May 8th were paid a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend was Tuesday, May 7th. Waste Connections’s dividend payout ratio is currently 37.01%.

Insider Buying and Selling

In other Waste Connections news, Director Michael W. Harlan sold 1,500 shares of Waste Connections stock in a transaction on Friday, May 10th. The stock was sold at an average price of $167.59, for a total transaction of $251,385.00. Following the completion of the sale, the director now directly owns 8,004 shares of the company’s stock, valued at approximately $1,341,390.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Waste Connections news, Director Michael W. Harlan sold 1,500 shares of Waste Connections stock in a transaction on Friday, May 10th. The stock was sold at an average price of $167.59, for a total transaction of $251,385.00. Following the completion of the sale, the director now directly owns 8,004 shares of the company’s stock, valued at approximately $1,341,390.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Robert Nielsen III sold 1,000 shares of the business’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $169.00, for a total value of $169,000.00. Following the completion of the transaction, the senior vice president now directly owns 5,321 shares of the company’s stock, valued at $899,249. The disclosure for this sale can be found here. In the last three months, insiders sold 4,500 shares of company stock valued at $752,385. Insiders own 0.31% of the company’s stock.

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.