1,444 Shares in Waste Connections, Inc. (NYSE:WCN) Bought by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. purchased a new stake in Waste Connections, Inc. (NYSE:WCN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,444 shares of the business services provider’s stock, valued at approximately $216,000.

Other institutional investors also recently bought and sold shares of the company. Savant Capital LLC boosted its position in shares of Waste Connections by 4.9% in the 3rd quarter. Savant Capital LLC now owns 1,673 shares of the business services provider’s stock valued at $225,000 after purchasing an additional 78 shares during the period. Argonautica Private Wealth Management Inc. boosted its holdings in shares of Waste Connections by 1.4% in the third quarter. Argonautica Private Wealth Management Inc. now owns 5,537 shares of the business services provider’s stock valued at $744,000 after acquiring an additional 79 shares during the period. Stephens Inc. AR grew its position in shares of Waste Connections by 0.7% during the second quarter. Stephens Inc. AR now owns 11,699 shares of the business services provider’s stock worth $1,672,000 after acquiring an additional 80 shares during the last quarter. Traynor Capital Management Inc. increased its holdings in shares of Waste Connections by 4.7% in the 4th quarter. Traynor Capital Management Inc. now owns 1,895 shares of the business services provider’s stock valued at $283,000 after acquiring an additional 85 shares during the period. Finally, Maryland State Retirement & Pension System boosted its stake in Waste Connections by 1.0% during the 3rd quarter. Maryland State Retirement & Pension System now owns 8,771 shares of the business services provider’s stock worth $1,178,000 after purchasing an additional 87 shares during the period. 86.09% of the stock is owned by hedge funds and other institutional investors.

Waste Connections Stock Performance

WCN opened at $165.02 on Monday. Waste Connections, Inc. has a 1-year low of $126.12 and a 1-year high of $173.02. The stock has a market cap of $42.58 billion, a P/E ratio of 55.75, a P/E/G ratio of 2.71 and a beta of 0.66. The stock’s 50 day simple moving average is $167.84 and its 200 day simple moving average is $151.30. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.68 and a quick ratio of 0.68.

Waste Connections (NYSE:WCN) last posted its earnings results on Tuesday, February 13th. The business services provider reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.03. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.04 billion. Waste Connections had a return on equity of 14.42% and a net margin of 9.51%. Waste Connections’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.89 earnings per share. As a group, equities analysts anticipate that Waste Connections, Inc. will post 4.85 EPS for the current fiscal year.

Waste Connections Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Wednesday, February 28th were given a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend was Tuesday, February 27th. Waste Connections’s payout ratio is currently 38.51%.

Wall Street Analyst Weigh In

WCN has been the topic of a number of recent research reports. BMO Capital Markets lifted their price objective on shares of Waste Connections from $166.00 to $178.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Wells Fargo & Company upped their price objective on Waste Connections from $170.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. CIBC upped their price target on Waste Connections from $175.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. UBS Group lowered shares of Waste Connections from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $170.00 to $181.00 in a research report on Thursday, February 29th. Finally, Jefferies Financial Group upped their price objective on shares of Waste Connections from $195.00 to $217.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Waste Connections presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.87.

Insider Buying and Selling at Waste Connections

In other news, Director Andrea E. Bertone sold 902 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $169.17, for a total transaction of $152,591.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.31% of the company’s stock.

About Waste Connections

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.