Centiva Capital LP Buys Shares of 5,983 Waste Connections, Inc. (NYSE:WCN)

Centiva Capital LP acquired a new position in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,983 shares of the business services provider's stock, valued at approximately $1,070,000.

Other large investors have also recently bought and sold shares of the company. Global Trust Asset Management LLC acquired a new stake in shares of Waste Connections in the 3rd quarter worth about $36,000. FSA Wealth Management LLC acquired a new stake in shares of Waste Connections in the third quarter valued at approximately $40,000. Asset Dedication LLC bought a new stake in shares of Waste Connections during the third quarter valued at approximately $41,000. Signature Resources Capital Management LLC acquired a new position in shares of Waste Connections during the second quarter worth approximately $45,000. Finally, Kennebec Savings Bank acquired a new position in shares of Waste Connections during the third quarter worth approximately $47,000. Institutional investors own 86.09% of the company's stock.

Analyst Upgrades and Downgrades

WCN has been the topic of several recent analyst reports. Scotiabank started coverage on Waste Connections in a research note on Friday, October 4th. They set a "sector perform" rating and a $196.00 target price on the stock. Eight Capital raised shares of Waste Connections to a "hold" rating in a report on Wednesday, October 9th. Stifel Nicolaus reissued a "buy" rating and set a $205.00 target price (up previously from $200.00) on shares of Waste Connections in a research note on Friday, October 25th. CIBC upped their price target on shares of Waste Connections from $199.00 to $215.00 and gave the stock an "outperformer" rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Waste Connections from $198.00 to $197.00 and set an "overweight" rating for the company in a report on Friday, October 25th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Waste Connections presently has a consensus rating of "Moderate Buy" and an average target price of $198.40.

Waste Connections Trading Up 0.0 %

NYSE WCN traded up $0.05 on Friday, hitting $190.35. 660,764 shares of the stock were exchanged, compared to its average volume of 884,871. The company's 50-day moving average price is $183.21 and its two-hundred day moving average price is $179.18. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.77 and a quick ratio of 0.77. Waste Connections, Inc. has a 52-week low of $137.25 and a 52-week high of $194.83. The company has a market capitalization of $49.12 billion, a price-to-earnings ratio of 52.29, a P/E/G ratio of 3.20 and a beta of 0.74.

Waste Connections (NYSE:WCN - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.35 earnings per share for the quarter, beating analysts' consensus estimates of $1.30 by $0.05. The business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.30 billion. Waste Connections had a return on equity of 15.43% and a net margin of 10.81%. Waste Connections's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.17 earnings per share. Research analysts predict that Waste Connections, Inc. will post 4.84 EPS for the current year.

Waste Connections Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were given a dividend of $0.315 per share. The ex-dividend date was Thursday, November 7th. This is an increase from Waste Connections's previous quarterly dividend of $0.29. This represents a $1.26 dividend on an annualized basis and a yield of 0.66%. Waste Connections's payout ratio is presently 34.62%.

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.