Sanctuary Advisors LLC Sells 1,325 Shares of Waste Connections, Inc. (NYSE:WCN)

Sanctuary Advisors LLC lowered its stake in shares of Waste Connections, Inc. (NYSE:WCN) by 12.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 9,091 shares of the business services provider’s stock after selling 1,325 shares during the period. Sanctuary Advisors LLC’s holdings in Waste Connections were worth $1,702,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Manchester Capital Management LLC acquired a new stake in Waste Connections during the fourth quarter worth $26,000. Stonebridge Financial Group LLC bought a new position in shares of Waste Connections during the 4th quarter worth about $27,000. FSA Wealth Management LLC bought a new stake in Waste Connections in the third quarter valued at about $40,000. Continuum Advisory LLC raised its position in Waste Connections by 58.0% in the third quarter. Continuum Advisory LLC now owns 226 shares of the business services provider’s stock worth $42,000 after purchasing an additional 83 shares in the last quarter. Finally, Sierra Ocean LLC bought a new position in Waste Connections during the fourth quarter worth about $39,000. Institutional investors own 86.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on WCN shares. Truist Financial reiterated a “buy” rating and issued a $210.00 price objective (up from $200.00) on shares of Waste Connections in a research note on Friday, February 14th. Stifel Nicolaus upped their price target on Waste Connections from $205.00 to $212.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Jefferies Financial Group cut their price objective on Waste Connections from $225.00 to $210.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Scotiabank reduced their target price on shares of Waste Connections from $196.00 to $192.00 and set a “sector perform” rating on the stock in a research note on Monday, January 27th. Finally, Oppenheimer increased their target price on shares of Waste Connections from $192.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Waste Connections has a consensus rating of “Moderate Buy” and a consensus price target of $201.00.

Waste Connections Trading Up 0.3 %

WCN stock opened at $187.94 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.03. Waste Connections, Inc. has a twelve month low of $160.34 and a twelve month high of $194.83. The company has a market cap of $48.51 billion, a P/E ratio of 78.64, a PEG ratio of 3.07 and a beta of 0.77. The business has a fifty day moving average of $179.93 and a 200-day moving average of $182.09.

Waste Connections (NYSE:WCN) last announced its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.04). Waste Connections had a return on equity of 15.54% and a net margin of 6.92%. As a group, equities research analysts expect that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Dividend Announcement

The firm 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 $0.315 dividend. The ex-dividend date is Thursday, February 27th. This represents a $1.26 dividend on an annualized basis and a yield of 0.67%. Waste Connections’s payout ratio is presently 52.72%.

About Waste Connections

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.