Valeo Financial Advisors LLC Purchases 113 Shares of Waste Connections, Inc. (NYSE:WCN)

Valeo Financial Advisors LLC boosted its position in shares of Waste Connections, Inc. (NYSE:WCN) by 2.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 4,109 shares of the business services provider’s stock after acquiring an additional 113 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Waste Connections were worth $705,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fifth Third Bancorp raised its stake in Waste Connections by 8.8% during the 4th quarter. Fifth Third Bancorp now owns 705 shares of the business services provider’s stock worth $121,000 after acquiring an additional 57 shares during the period. Jennison Associates LLC raised its stake in Waste Connections by 0.4% during the 4th quarter. Jennison Associates LLC now owns 14,247 shares of the business services provider’s stock worth $2,445,000 after acquiring an additional 63 shares during the period. Continuum Advisory LLC raised its stake 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 acquiring an additional 83 shares during the period. Kingsview Wealth Management LLC raised its position in shares of Waste Connections by 6.3% during the third quarter. Kingsview Wealth Management LLC now owns 1,515 shares of the business services provider’s stock valued at $271,000 after buying an additional 90 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Waste Connections by 0.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 29,220 shares of the business services provider’s stock valued at $5,014,000 after buying an additional 92 shares during the last quarter. Institutional investors own 86.09% of the company’s stock.

Waste Connections Stock Up 0.1 %

NYSE WCN opened at $189.08 on Monday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.99. The company has a fifty day moving average of $179.36 and a two-hundred day moving average of $181.67. The firm has a market capitalization of $48.80 billion, a price-to-earnings ratio of 51.94, a PEG ratio of 2.97 and a beta of 0.77. Waste Connections, Inc. has a 52 week low of $160.34 and a 52 week high of $194.83.

Waste Connections (NYSE:WCN) last posted its quarterly earnings data 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 15.43% and a net margin of 10.81%. On average, analysts predict that Waste Connections, Inc. will post 4.83 earnings per share for the current year.

Waste Connections Dividend Announcement

The company 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. This represents a $1.26 annualized dividend and a yield of 0.67%. The ex-dividend date is Thursday, February 27th. Waste Connections’s payout ratio is 34.62%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on WCN. Stifel Nicolaus lifted their price objective on shares of Waste Connections from $205.00 to $212.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Oppenheimer lifted their price objective on shares of Waste Connections from $192.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Morgan Stanley lifted their price objective on shares of Waste Connections from $214.00 to $219.00 and gave the company an “overweight” rating in a research report on Friday. Citigroup lifted their price objective on shares of Waste Connections from $195.00 to $196.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. Finally, StockNews.com cut shares of Waste Connections from a “buy” rating to a “hold” rating in a research report on Friday. Five 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 company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $201.00.

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.