Personal CFO Solutions LLC Sells 377 Shares of Waste Connections, Inc. (NYSE:WCN)

Personal CFO Solutions LLC lessened its holdings in Waste Connections, Inc. (NYSE:WCN) by 7.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,584 shares of the business services provider’s stock after selling 377 shares during the period. Personal CFO Solutions LLC’s holdings in Waste Connections were worth $787,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Manchester Capital Management LLC bought a new position in Waste Connections in the 4th quarter valued at $26,000. Private Trust Co. NA boosted its position in Waste Connections by 153.3% during the fourth quarter. Private Trust Co. NA now owns 152 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 92 shares in the last quarter. Stonebridge Financial Group LLC bought a new stake in shares of Waste Connections in the 4th quarter valued at about $27,000. Smartleaf Asset Management LLC boosted its holdings in shares of Waste Connections by 59.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider’s stock valued at $33,000 after buying an additional 71 shares in the last quarter. Finally, Sierra Ocean LLC purchased a new position in shares of Waste Connections in the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on WCN. Truist Financial reissued a “buy” rating and set a $210.00 target price (up previously from $200.00) on shares of Waste Connections in a research report on Friday, February 14th. Jefferies Financial Group decreased their price objective on shares of Waste Connections from $225.00 to $210.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. StockNews.com cut shares of Waste Connections from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Stifel Nicolaus upped their price target on shares of Waste Connections from $205.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, Oppenheimer lifted their price objective on shares of Waste Connections from $192.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $202.43.

Waste Connections Stock Up 1.4 %

WCN stock opened at $188.35 on Monday. Waste Connections, Inc. has a 52 week low of $160.34 and a 52 week high of $194.83. The firm has a 50-day simple moving average of $182.76 and a 200-day simple moving average of $182.54. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $48.61 billion, a P/E ratio of 78.81, a P/E/G ratio of 3.07 and a beta of 0.81.

Waste Connections (NYSE:WCN) last released its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.04). Waste Connections had a return on equity of 15.54% and a net margin of 6.92%. Equities analysts forecast that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 27th will be issued a $0.315 dividend. The ex-dividend date is Thursday, February 27th. This represents a $1.26 annualized dividend and a dividend yield of 0.67%. Waste Connections’s dividend payout ratio is presently 52.72%.

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.