Farther Finance Advisors LLC Sells 130 Shares of Waste Connections, Inc. (NYSE:WCN)

Farther Finance Advisors LLC trimmed its position in shares of Waste Connections, Inc. (NYSE:WCN) by 33.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 259 shares of the business services provider’s stock after selling 130 shares during the period. Farther Finance Advisors LLC’s holdings in Waste Connections were worth $44,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Private Trust Co. NA grew its holdings in Waste Connections by 153.3% during the fourth quarter. Private Trust Co. NA now owns 152 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 92 shares during the period. Manchester Capital Management LLC bought a new position in Waste Connections during the fourth quarter valued at $26,000. Stonebridge Financial Group LLC bought a new position in Waste Connections during the fourth quarter valued at $27,000. Smartleaf Asset Management LLC grew its holdings in Waste Connections by 59.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 71 shares during the period. Finally, FSA Wealth Management LLC purchased a new stake in shares of Waste Connections during the third quarter worth $40,000. 86.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on WCN. Morgan Stanley increased their target price on Waste Connections from $214.00 to $219.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. CIBC dropped their target price on Waste Connections from $215.00 to $212.00 and set an “outperform” rating on the stock in a research report on Thursday, December 19th. Scotiabank dropped their target price on Waste Connections from $196.00 to $192.00 and set a “sector perform” rating on the stock in a research report on Monday, January 27th. Truist Financial restated a “buy” rating and set a $210.00 target price (up previously from $200.00) on shares of Waste Connections in a research report on Friday, February 14th. Finally, Oppenheimer increased their target price on Waste Connections from $192.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $202.43.

Waste Connections Stock Down 0.3 %

WCN opened at $189.35 on Monday. The stock has a market cap of $48.86 billion, a PE ratio of 79.22, a P/E/G 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, Inc. has a 52 week low of $160.34 and a 52 week high of $194.83. The business’s fifty day simple moving average is $185.60 and its 200 day simple moving average is $182.61.

Waste Connections (NYSE:WCN) last released 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 6.92% and a return on equity of 15.54%. As a group, research analysts expect that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were paid a $0.315 dividend. The ex-dividend date was Thursday, February 27th. This represents a $1.26 dividend on an annualized basis and a yield of 0.67%. Waste Connections’s dividend payout ratio is presently 52.72%.

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.