OneDigital Investment Advisors LLC Purchases 212 Shares of Waste Connections, Inc. (NYSE:WCN)

OneDigital Investment Advisors LLC increased its position in Waste Connections, Inc. (NYSE:WCN) by 6.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,617 shares of the business services provider’s stock after purchasing an additional 212 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Waste Connections were worth $647,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. raised its stake in Waste Connections by 307.1% in the third quarter. Principal Financial Group Inc. now owns 1,927,155 shares of the business services provider’s stock valued at $344,615,000 after buying an additional 1,453,733 shares during the period. Zurich Insurance Group Ltd FI raised its stake in Waste Connections by 438.5% in the 1st quarter. Zurich Insurance Group Ltd FI now owns 535,471 shares of the business services provider’s stock valued at $92,106,000 after acquiring an additional 436,041 shares during the period. Nicholas Company Inc. acquired a new stake in Waste Connections during the 2nd quarter valued at $64,176,000. Sei Investments Co. boosted its position in Waste Connections by 252.5% during the second quarter. Sei Investments Co. now owns 510,243 shares of the business services provider’s stock worth $89,477,000 after purchasing an additional 365,487 shares during the period. Finally, Impax Asset Management Group plc acquired a new position in shares of Waste Connections in the third quarter valued at $54,800,000. 86.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on WCN. Eight Capital upgraded shares of Waste Connections to a “hold” rating in a research note on Wednesday, October 9th. Royal Bank of Canada boosted their price objective on Waste Connections from $199.00 to $201.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Citigroup increased their target price on Waste Connections from $190.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd. Oppenheimer boosted their price target on Waste Connections from $191.00 to $194.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Finally, TD Cowen increased their price objective on Waste Connections from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Six equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.56.

Waste Connections Trading Up 0.8 %

Shares of WCN opened at $187.50 on Wednesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.77 and a current ratio of 0.77. Waste Connections, Inc. has a 52-week low of $130.33 and a 52-week high of $188.30. The firm has a market cap of $48.39 billion, a price-to-earnings ratio of 51.51, a PEG ratio of 3.06 and a beta of 0.72. The business’s fifty day moving average is $180.90 and its 200-day moving average is $177.26.

Waste Connections (NYSE:WCN) last released 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. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.30 billion. Waste Connections had a return on equity of 15.43% and a net margin of 10.81%. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.17 earnings per share. Equities analysts anticipate that Waste Connections, Inc. will post 4.84 EPS for the current fiscal year.

Waste Connections Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were paid a $0.315 dividend. This is an increase from Waste Connections’s previous quarterly dividend of $0.29. The ex-dividend date was Thursday, November 7th. This represents a $1.26 annualized dividend and a yield of 0.67%. Waste Connections’s dividend payout ratio is presently 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.