Sequoia Financial Advisors LLC Has $1.05 Million Position in Waste Connections, Inc. (NYSE:WCN)

Sequoia Financial Advisors LLC boosted its holdings in shares of Waste Connections, Inc. (NYSE:WCN) by 19.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,841 shares of the business services provider’s stock after buying an additional 945 shares during the period. Sequoia Financial Advisors LLC’s holdings in Waste Connections were worth $1,045,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Hexagon Capital Partners LLC raised its holdings in shares of Waste Connections by 116.2% in the 1st quarter. Hexagon Capital Partners LLC now owns 160 shares of the business services provider’s stock worth $28,000 after acquiring an additional 86 shares during the last quarter. Asset Dedication LLC purchased a new stake in shares of Waste Connections in the third quarter worth approximately $41,000. Pathway Financial Advisers LLC purchased a new stake in shares of Waste Connections in the first quarter worth approximately $43,000. Signature Resources Capital Management LLC purchased a new position in shares of Waste Connections during the second quarter valued at approximately $45,000. Finally, Carolinas Wealth Consulting LLC grew its holdings in Waste Connections by 3,885.7% during the second quarter. Carolinas Wealth Consulting LLC now owns 279 shares of the business services provider’s stock worth $49,000 after buying an additional 272 shares in the last quarter. 86.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on WCN shares. Citigroup raised their price objective on Waste Connections from $190.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, October 3rd. Truist Financial boosted their price target on shares of Waste Connections from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. TD Cowen lifted their target price on shares of Waste Connections from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Oppenheimer upped their target price on Waste Connections from $191.00 to $194.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Finally, CIBC lifted their price target on Waste Connections from $191.00 to $193.00 and gave the stock an “outperformer” rating in a report on Friday, July 26th. Six investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Waste Connections presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.56.

Waste Connections Stock Performance

NYSE WCN opened at $175.80 on Friday. The firm has a market cap of $45.37 billion, a P/E ratio of 52.63, a price-to-earnings-growth ratio of 2.98 and a beta of 0.72. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.97. The company’s 50 day moving average is $182.08 and its 200-day moving average is $175.07. Waste Connections, Inc. has a 12-month low of $126.12 and a 12-month high of $187.54.

Waste Connections (NYSE:WCN) last issued its earnings results on Wednesday, October 23rd. The business services provider reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.05. Waste Connections had a net margin of 10.23% and a return on equity of 15.16%. The business had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.30 billion. During the same quarter in the previous year, the firm posted $1.17 EPS. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. Sell-side analysts predict that Waste Connections, Inc. will post 4.82 earnings per share for the current year.

Waste Connections Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th will be paid a $0.315 dividend. The ex-dividend date is Thursday, November 7th. This represents a $1.26 annualized dividend and a yield of 0.72%. This is an increase from Waste Connections’s previous quarterly dividend of $0.29. Waste Connections’s dividend payout ratio (DPR) is currently 34.13%.

Insider Buying and Selling at Waste Connections

In other news, SVP Robert Nielsen III sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $180.15, for a total value of $180,150.00. Following the completion of the transaction, the senior vice president now directly owns 4,321 shares in the company, valued at approximately $778,428.15. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Waste Connections news, SVP Susan Netherton sold 2,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $179.13, for a total value of $358,260.00. Following the transaction, the senior vice president now directly owns 10,078 shares in the company, valued at $1,805,272.14. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Robert Nielsen III sold 1,000 shares of Waste Connections stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $180.15, for a total value of $180,150.00. Following the sale, the senior vice president now owns 4,321 shares of the company’s stock, valued at approximately $778,428.15. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,600 shares of company stock valued at $3,842,550 in the last quarter. 0.31% of the stock is currently owned by corporate insiders.

Waste Connections 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.