CreativeOne Wealth LLC Has $237,000 Stake in Waste Connections, Inc. (NYSE:WCN)

CreativeOne Wealth LLC decreased its stake in Waste Connections, Inc. (NYSE:WCN) by 11.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,323 shares of the business services provider’s stock after selling 177 shares during the quarter. CreativeOne Wealth LLC’s holdings in Waste Connections were worth $237,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in WCN. Cetera Investment Advisers lifted its stake in Waste Connections by 64.8% in the first quarter. Cetera Investment Advisers now owns 15,759 shares of the business services provider’s stock valued at $2,711,000 after buying an additional 6,198 shares during the period. Cetera Advisors LLC raised its position in shares of Waste Connections by 163.9% during the first quarter. Cetera Advisors LLC now owns 8,565 shares of the business services provider’s stock worth $1,473,000 after purchasing an additional 5,320 shares during the period. Park Avenue Securities LLC raised its position in shares of Waste Connections by 2.2% during the second quarter. Park Avenue Securities LLC now owns 9,816 shares of the business services provider’s stock worth $1,722,000 after purchasing an additional 214 shares during the period. CWM LLC raised its position in shares of Waste Connections by 12.5% during the second quarter. CWM LLC now owns 852 shares of the business services provider’s stock worth $149,000 after purchasing an additional 95 shares during the period. Finally, Linden Thomas Advisory Services LLC raised its position in shares of Waste Connections by 19.1% during the second quarter. Linden Thomas Advisory Services LLC now owns 1,618 shares of the business services provider’s stock worth $284,000 after purchasing an additional 260 shares during the period. Institutional investors and hedge funds own 86.09% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on WCN. Scotiabank began coverage on Waste Connections in a research report on Friday, October 4th. They set a “sector perform” rating and a $196.00 price target on the stock. Eight Capital raised Waste Connections to a “hold” rating in a research report on Wednesday, October 9th. Oppenheimer raised their price target on Waste Connections from $191.00 to $194.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. decreased their price objective on Waste Connections from $198.00 to $197.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Finally, Raymond James decreased their price objective on Waste Connections from $208.00 to $205.00 and set a “strong-buy” rating for the company in a report on Friday, October 25th. Five 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $195.56.

Waste Connections Stock Performance

Shares of NYSE WCN opened at $191.54 on Wednesday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99. Waste Connections, Inc. has a 12 month low of $137.25 and a 12 month high of $194.83. The stock has a 50 day moving average of $182.76 and a 200-day moving average of $179.02. The company has a market capitalization of $49.43 billion, a P/E ratio of 52.62, a P/E/G ratio of 3.18 and a beta of 0.74.

Waste Connections (NYSE:WCN) last released its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.05. The business had revenue of $2.34 billion during 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 firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period last year, the firm posted $1.17 EPS. As a group, equities research analysts predict that Waste Connections, Inc. will post 4.84 EPS for the current year.

Waste Connections Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were issued a dividend of $0.315 per share. This is a boost from Waste Connections’s previous quarterly dividend of $0.29. This represents a $1.26 annualized dividend and a yield of 0.66%. The ex-dividend date was Thursday, November 7th. Waste Connections’s dividend payout ratio (DPR) is presently 34.62%.

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.