Union Bancaire Privee UBP SA Purchases 3,177 Shares of Waste Connections, Inc. $WCN

Union Bancaire Privee UBP SA lifted its position in shares of Waste Connections, Inc. (NYSE:WCN) by 28.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,531 shares of the business services provider’s stock after purchasing an additional 3,177 shares during the period. Union Bancaire Privee UBP SA’s holdings in Waste Connections were worth $2,381,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Measured Wealth Private Client Group LLC acquired a new stake in shares of Waste Connections during the 3rd quarter worth about $26,000. Asset Dedication LLC bought a new position in Waste Connections in the 2nd quarter valued at about $28,000. KERR FINANCIAL PLANNING Corp bought a new position in Waste Connections in the 3rd quarter valued at about $30,000. Greykasell Wealth Strategies Inc. lifted its position in Waste Connections by 555.2% during the third quarter. Greykasell Wealth Strategies Inc. now owns 190 shares of the business services provider’s stock worth $33,000 after acquiring an additional 161 shares during the last quarter. Finally, AlphaCore Capital LLC bought a new stake in shares of Waste Connections during the second quarter worth approximately $39,000. 86.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on WCN. Canadian Imperial Bank of Commerce set a $208.00 target price on Waste Connections in a research report on Thursday, January 8th. Barclays set a $176.00 price target on Waste Connections and gave the company an “equal weight” rating in a research note on Friday, February 13th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $205.00 price objective (up from $200.00) on shares of Waste Connections in a report on Monday, January 5th. Scotiabank set a $197.00 price objective on Waste Connections and gave the stock a “sector outperform” rating in a research report on Friday, February 13th. Finally, The Goldman Sachs Group assumed coverage on Waste Connections in a report on Monday, November 24th. They set a “buy” rating and a $202.00 target price for the company. Four research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $203.52.

Waste Connections Stock Down 1.3%

NYSE WCN opened at $162.76 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.07. The company has a market cap of $41.54 billion, a price-to-earnings ratio of 39.03, a PEG ratio of 2.83 and a beta of 0.62. The company has a 50 day moving average of $167.13 and a 200-day moving average of $171.28. Waste Connections, Inc. has a 1-year low of $155.65 and a 1-year high of $201.66.

Waste Connections (NYSE:WCN) last issued its quarterly earnings results on Wednesday, February 11th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.01. Waste Connections had a return on equity of 16.25% and a net margin of 11.37%.The business had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.37 billion. During the same quarter in the prior year, the business posted $1.16 earnings per share. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, equities research analysts expect that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Wednesday, February 25th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, February 25th. Waste Connections’s dividend payout ratio is 33.57%.

Waste Connections Company Profile

Waste Connections (NYSE: WCN) is a North American integrated waste services company that provides a range of solid waste and environmental services to municipal, commercial, industrial and residential customers. The company offers collection, transportation, transfer, disposal and recycling services, and operates an extensive network of transfer stations and disposal facilities. Waste Connections positions itself as a provider of infrastructure-driven waste solutions across many regions of the United States and Canada.

The company’s operating activities include routine curbside and commercial collection, roll-off and container services, operation of landfills and transfer stations, and recycling and resource recovery programs.