Manchester Capital Management LLC Invests $26,000 in Waste Connections, Inc. (NYSE:WCN)

Manchester Capital Management LLC purchased a new position in shares of Waste Connections, Inc. (NYSE:WCN) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 154 shares of the business services provider’s stock, valued at approximately $26,000.

Several other large investors also recently made changes to their positions in the stock. CWM LLC lifted its position in shares of Waste Connections by 43.0% during the 3rd quarter. CWM LLC now owns 1,218 shares of the business services provider’s stock worth $218,000 after purchasing an additional 366 shares during the last quarter. Creative Planning lifted its position in shares of Waste Connections by 2.7% during the 3rd quarter. Creative Planning now owns 6,051 shares of the business services provider’s stock worth $1,082,000 after purchasing an additional 159 shares during the last quarter. Net Worth Advisory Group acquired a new position in shares of Waste Connections during the 3rd quarter worth about $295,000. Raymond James & Associates lifted its position in shares of Waste Connections by 4.1% during the 3rd quarter. Raymond James & Associates now owns 422,161 shares of the business services provider’s stock worth $75,491,000 after purchasing an additional 16,580 shares during the last quarter. Finally, Cyndeo Wealth Partners LLC acquired a new position in shares of Waste Connections during the 3rd quarter worth about $2,401,000. Institutional investors own 86.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Stifel Nicolaus boosted their price objective on Waste Connections from $205.00 to $212.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Jefferies Financial Group cut their price target on Waste Connections from $225.00 to $210.00 and set a “buy” rating for the company in a report on Thursday, January 30th. StockNews.com cut Waste Connections from a “buy” rating to a “hold” rating in a report on Friday. Scotiabank cut their price target on Waste Connections from $196.00 to $192.00 and set a “sector perform” rating for the company in a report on Monday, January 27th. Finally, Oppenheimer upped their price target on Waste Connections from $192.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $201.00.

Waste Connections Stock Up 0.1 %

NYSE WCN opened at $189.08 on Monday. The firm has a market cap of $48.80 billion, a PE ratio of 51.94, a price-to-earnings-growth ratio of 2.97 and a beta of 0.77. Waste Connections, Inc. has a one year low of $160.34 and a one year high of $194.83. The stock’s 50 day simple moving average is $179.36 and its 200 day simple moving average is $181.67. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.77 and a quick ratio of 0.77.

Waste Connections (NYSE:WCN) last released its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.04). Waste Connections had a return on equity of 15.43% and a net margin of 10.81%. As a group, sell-side analysts forecast that Waste Connections, Inc. will post 4.83 earnings per share for the current fiscal 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 given a $0.315 dividend. The ex-dividend date is Thursday, February 27th. This represents a $1.26 dividend on an annualized basis and a yield of 0.67%. Waste Connections’s payout ratio is 34.62%.

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.