Steward Partners Investment Advisory LLC Has $604,000 Holdings in Waste Connections, Inc. (NYSE:WCN)

Steward Partners Investment Advisory LLC increased its stake in Waste Connections, Inc. (NYSE:WCN) by 30.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,521 shares of the business services provider’s stock after purchasing an additional 829 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Waste Connections were worth $604,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Manchester Capital Management LLC acquired a new position in shares of Waste Connections during the 4th quarter worth about $26,000. Private Trust Co. NA boosted its stake in shares of Waste Connections by 153.3% during the 4th quarter. Private Trust Co. NA now owns 152 shares of the business services provider’s stock worth $26,000 after buying an additional 92 shares during the last quarter. Stonebridge Financial Group LLC acquired a new position in shares of Waste Connections during the 4th quarter worth about $27,000. Smartleaf Asset Management LLC boosted its stake in shares of Waste Connections by 59.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider’s stock worth $33,000 after buying an additional 71 shares during the last quarter. Finally, Sierra Ocean LLC acquired a new position in shares of Waste Connections during the 4th quarter worth about $39,000. 86.09% of the stock is owned by institutional investors and hedge funds.

Waste Connections Stock Performance

Shares of NYSE:WCN opened at $184.26 on Wednesday. The company’s 50 day moving average price is $183.31 and its two-hundred day moving average price is $182.53. Waste Connections, Inc. has a 12-month low of $160.34 and a 12-month high of $194.83. The firm has a market cap of $47.55 billion, a PE ratio of 77.10, a PEG ratio of 3.07 and a beta of 0.81. 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 (NYSE:WCN) last announced its earnings results on Wednesday, February 12th. The business services provider reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.04). Waste Connections had a return on equity of 15.54% and a net margin of 6.92%. Equities research analysts predict that Waste Connections, Inc. will post 5.28 earnings per share for the current year.

Waste Connections Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be given a dividend of $0.315 per share. The ex-dividend date is Thursday, February 27th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.68%. Waste Connections’s payout ratio is presently 52.72%.

Analyst Upgrades and Downgrades

WCN has been the topic of a number of research analyst reports. Jefferies Financial Group dropped their target price on shares of Waste Connections from $225.00 to $210.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Truist Financial reaffirmed a “buy” rating and issued a $210.00 target price (up from $200.00) on shares of Waste Connections in a report on Friday, February 14th. Morgan Stanley upped their target price on shares of Waste Connections from $214.00 to $219.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Oppenheimer upped their target price on shares of Waste Connections from $192.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Finally, StockNews.com cut shares of Waste Connections from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $202.43.

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.