Global Trust Asset Management LLC Invests $36,000 in Waste Connections, Inc. (NYSE:WCN)

Global Trust Asset Management LLC acquired a new position in Waste Connections, Inc. (NYSE:WCN) in the 3rd quarter, Holdings Channel reports. The firm acquired 200 shares of the business services provider’s stock, valued at approximately $36,000.

Several other large investors also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC increased its stake in Waste Connections by 3.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,005 shares of the business services provider’s stock worth $689,000 after buying an additional 118 shares during the period. OneAscent Wealth Management LLC purchased a new stake in Waste Connections during the 1st quarter worth $204,000. OneAscent Financial Services LLC increased its stake in Waste Connections by 3.3% during the 1st quarter. OneAscent Financial Services LLC now owns 4,968 shares of the business services provider’s stock worth $855,000 after buying an additional 157 shares during the period. Merrion Investment Management Co LLC purchased a new stake in Waste Connections during the 1st quarter worth $224,000. Finally, Aviance Capital Partners LLC purchased a new stake in Waste Connections during the 1st quarter worth $370,000. Institutional investors and hedge funds own 86.09% of the company’s stock.

Waste Connections Trading Down 1.5 %

Waste Connections stock opened at $175.80 on Friday. 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 firm has a 50-day moving average price of $182.08 and a two-hundred day moving average price of $175.07. The firm has a market capitalization of $45.37 billion, a price-to-earnings ratio of 52.63, a PEG ratio of 2.98 and a beta of 0.72. Waste Connections, Inc. has a 52-week low of $126.12 and a 52-week high of $187.54.

Waste Connections (NYSE:WCN) last posted 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 during the quarter, compared to analyst estimates of $2.30 billion. Waste Connections had a net margin of 10.23% and a return on equity of 15.16%. Waste Connections’s revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.17 EPS. Sell-side analysts expect that Waste Connections, Inc. will post 4.82 earnings per share for the current year.

Waste Connections Increases Dividend

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

Insiders Place Their Bets

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

Analyst Ratings Changes

Several research firms recently issued reports on WCN. Stifel Nicolaus reaffirmed a “buy” rating and set a $205.00 price target (up previously from $200.00) on shares of Waste Connections in a research note on Friday. Raymond James dropped their price target on shares of Waste Connections from $208.00 to $205.00 and set a “strong-buy” rating on the stock in a research note on Friday. BMO Capital Markets decreased their price objective on shares of Waste Connections from $198.00 to $196.00 and set an “outperform” rating for the company in a report on Friday. Citigroup raised their price objective on shares of Waste Connections from $190.00 to $195.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Finally, TD Cowen raised their price objective on shares of Waste Connections from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Six equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $195.56.

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.