6,790 Shares in Waste Connections, Inc. (NYSE:WCN) Acquired by Morey & Quinn Wealth Partners LLC

Morey & Quinn Wealth Partners LLC bought a new position in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,790 shares of the business services provider's stock, valued at approximately $1,165,000. Waste Connections accounts for 1.0% of Morey & Quinn Wealth Partners LLC's holdings, making the stock its 21st biggest holding.

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

Waste Connections Stock Down 0.6 %

Shares of WCN stock traded down $1.11 during mid-day trading on Friday, reaching $192.80. 728,768 shares of the company were exchanged, compared to its average volume of 913,883. The company has a market capitalization of $49.81 billion, a P/E ratio of 80.67, a P/E/G ratio of 3.07 and a beta of 0.81. The business's 50 day simple moving average is $187.14 and its 200 day simple moving average is $182.91. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.65 and a current ratio of 0.65. Waste Connections, Inc. has a fifty-two week low of $160.34 and a fifty-two week high of $194.83.

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

Waste Connections Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were paid a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend was Thursday, February 27th. Waste Connections's payout ratio is currently 52.72%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on WCN. Truist Financial reissued 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. CIBC cut their target price on shares of Waste Connections from $215.00 to $212.00 and set an "outperform" rating on the stock in a research note on Thursday, December 19th. Oppenheimer upped their price target on shares of Waste Connections from $192.00 to $195.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. Scotiabank cut their price objective 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. Finally, Jefferies Financial Group reduced their price objective on Waste Connections from $225.00 to $210.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $202.43.

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.