Shares of Waste Connections Inc (NYSE:WCN) have been given an average rating of “Buy” by the sixteen brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $98.48.
Several research analysts have recently commented on WCN shares. CIBC reissued a “market perform” rating on shares of Waste Connections in a research note on Thursday, July 18th. ValuEngine lowered shares of Waste Connections from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Oppenheimer reissued a “market perform” rating on shares of Waste Connections in a research note on Thursday, July 18th. Royal Bank of Canada set a $100.00 price objective on shares of Waste Connections and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Raymond James raised their price objective on shares of Waste Connections from $105.00 to $106.00 and gave the company a “strong-buy” rating in a research note on Wednesday, July 31st.
WCN stock traded down $0.58 during mid-day trading on Friday, hitting $91.76. 746,028 shares of the company were exchanged, compared to its average volume of 843,626. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $23.98 billion, a price-to-earnings ratio of 36.41, a P/E/G ratio of 2.95 and a beta of 0.20. The firm’s fifty day simple moving average is $94.64. Waste Connections has a 12-month low of $70.28 and a 12-month high of $97.93.
The company also recently declared a quarterly dividend, which will be paid on Monday, August 26th. Investors of record on Monday, August 12th will be paid a $0.16 dividend. The ex-dividend date is Friday, August 9th. This represents a $0.64 dividend on an annualized basis and a yield of 0.70%. Waste Connections’s dividend payout ratio is currently 25.40%.
In related news, Director William J. Razzouk sold 6,000 shares of Waste Connections stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $90.29, for a total value of $541,740.00. Following the completion of the transaction, the director now owns 13,919 shares in the company, valued at $1,256,746.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Eric Hansen sold 5,500 shares of Waste Connections stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $90.00, for a total transaction of $495,000.00. Following the completion of the transaction, the insider now owns 5,144 shares of the company’s stock, valued at approximately $462,960. The disclosure for this sale can be found here. Insiders sold 35,600 shares of company stock valued at $3,196,795 in the last quarter. 0.30% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its holdings in Waste Connections by 2.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 142,150 shares of the business services provider’s stock worth $10,554,000 after purchasing an additional 3,311 shares in the last quarter. Geode Capital Management LLC increased its stake in Waste Connections by 30.0% in the 4th quarter. Geode Capital Management LLC now owns 69,530 shares of the business services provider’s stock valued at $5,027,000 after buying an additional 16,043 shares during the period. We Are One Seven LLC increased its stake in Waste Connections by 106.4% in the 1st quarter. We Are One Seven LLC now owns 2,324 shares of the business services provider’s stock valued at $205,000 after buying an additional 1,198 shares during the period. DNB Asset Management AS increased its stake in Waste Connections by 6.7% in the 1st quarter. DNB Asset Management AS now owns 38,234 shares of the business services provider’s stock valued at $3,387,000 after buying an additional 2,413 shares during the period. Finally, Calamos Wealth Management LLC acquired a new position in Waste Connections in the 1st quarter valued at $207,000. Institutional investors own 83.23% of the company’s stock.
Waste Connections Company Profile
Waste Connections, Inc provides waste collection, transfer, disposal, and recycling services in the United States and Canada. The company operates through six segments: Southern, Western, Eastern, Canada, Central, and Exploration and Production (E&P). It offers collection services to residential, commercial, municipal, industrial, and 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.
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