Apollon Wealth Management LLC acquired a new stake in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,154 shares of the business services provider's stock, valued at approximately $370,000.
Other large investors have also added to or reduced their stakes in the company. Global Trust Asset Management LLC bought a new stake in shares of Waste Connections in the 3rd quarter worth $36,000. FSA Wealth Management LLC bought a new stake in shares of Waste Connections in the 3rd quarter worth $40,000. Asset Dedication LLC bought a new stake in shares of Waste Connections in the 3rd quarter worth $41,000. Continuum Advisory LLC increased its holdings in shares of Waste Connections by 58.0% in 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. Finally, Kennebec Savings Bank bought a new stake in shares of Waste Connections in the 3rd quarter worth $47,000. Hedge funds and other institutional investors own 86.09% of the company's stock.
Analyst Ratings Changes
A number of analysts have commented on WCN shares. Royal Bank of Canada lifted their target price on Waste Connections from $199.00 to $201.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Scotiabank cut their price objective on Waste Connections from $196.00 to $192.00 and set a "sector perform" rating for the company in a report on Monday, January 27th. Oppenheimer boosted their price objective on Waste Connections from $192.00 to $195.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. Raymond James dropped their target price on Waste Connections from $208.00 to $205.00 and set a "strong-buy" rating on the stock in a research report on Friday, October 25th. Finally, BMO Capital Markets dropped their target price on Waste Connections from $198.00 to $196.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $201.00.
Read Our Latest Report on Waste Connections
Waste Connections Stock Performance
WCN traded up $0.23 on Monday, reaching $189.08. 1,261,705 shares of the stock were exchanged, compared to its average volume of 873,997. The company's 50-day moving average price is $179.36 and its 200 day moving average price is $181.70. Waste Connections, Inc. has a fifty-two week low of $160.34 and a fifty-two week high of $194.83. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a market capitalization of $48.80 billion, a PE ratio of 51.94, a PEG ratio of 2.97 and a beta of 0.77.
Waste Connections (NYSE:WCN - Get Free Report) last issued its quarterly 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 return on equity of 15.43% and a net margin of 10.81%. As a group, sell-side analysts forecast that Waste Connections, Inc. will post 4.83 EPS for the current fiscal year.
Waste Connections Announces Dividend
The business 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 dividend of $0.315 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.67%. Waste Connections's payout ratio is currently 34.62%.
Waste Connections Company Profile
(
Free Report)
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.
See Also
Before you consider Waste Connections, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Waste Connections wasn't on the list.
While Waste Connections currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
