2,499 Shares in Waste Connections, Inc. (NYSE:WCN) Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC bought a new stake in Waste Connections, Inc. (NYSE:WCN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,499 shares of the business services provider's stock, valued at approximately $434,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Private Trust Co. NA lifted its stake in Waste Connections by 153.3% in the 4th quarter. Private Trust Co. NA now owns 152 shares of the business services provider's stock valued at $26,000 after buying an additional 92 shares in the last quarter. Manchester Capital Management LLC acquired a new position in shares of Waste Connections in the fourth quarter worth $26,000. Stonebridge Financial Group LLC purchased a new stake in shares of Waste Connections in the fourth quarter valued at $27,000. Smartleaf Asset Management LLC boosted its stake in shares of 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 acquiring an additional 71 shares during the last quarter. Finally, Continuum Advisory LLC increased its position in Waste Connections by 58.0% during the 3rd 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. 86.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on WCN shares. 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. 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. Oppenheimer boosted their price target on Waste Connections from $192.00 to $195.00 and gave the company an "outperform" rating in a report on Friday, December 13th. Stifel Nicolaus increased their price target on Waste Connections from $205.00 to $212.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. Finally, StockNews.com downgraded Waste Connections from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Waste Connections currently has a consensus rating of "Moderate Buy" and a consensus target price of $204.00.

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Waste Connections Stock Down 5.9 %

WCN stock traded down $11.88 during mid-day trading on Friday, hitting $188.07. 3,261,052 shares of the company were exchanged, compared to its average volume of 936,869. The company has a market capitalization of $48.59 billion, a PE ratio of 78.69, a price-to-earnings-growth ratio of 3.07 and a beta of 0.67. The firm has a fifty day simple moving average of $188.60 and a 200 day simple moving average of $183.24. The company has a current ratio of 0.65, a quick 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 $201.66.

Waste Connections (NYSE:WCN - Get Free Report) last issued its earnings results on Wednesday, February 12th. The business services provider reported $1.16 EPS 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%. On average, research analysts forecast that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were issued a dividend of $0.315 per share. The ex-dividend date was Thursday, February 27th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.67%. Waste Connections's dividend payout ratio (DPR) is 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.