Avior Wealth Management LLC Has $72,000 Stock Holdings in Waste Connections, Inc. (NYSE:WCN)

Avior Wealth Management LLC lessened its position in Waste Connections, Inc. (NYSE:WCN) by 38.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 402 shares of the business services provider’s stock after selling 248 shares during the quarter. Avior Wealth Management LLC’s holdings in Waste Connections were worth $72,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of WCN. CreativeOne Wealth LLC acquired a new stake in Waste Connections in the 1st quarter valued at approximately $266,000. B. Riley Wealth Advisors Inc. raised its position in Waste Connections by 42.2% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 2,455 shares of the business services provider’s stock valued at $422,000 after buying an additional 728 shares during the last quarter. Meiji Yasuda Life Insurance Co raised its position in Waste Connections by 48.1% in the 1st quarter. Meiji Yasuda Life Insurance Co now owns 7,700 shares of the business services provider’s stock valued at $1,324,000 after buying an additional 2,500 shares during the last quarter. California State Teachers Retirement System raised its position in Waste Connections by 1.0% in the 1st quarter. California State Teachers Retirement System now owns 317,220 shares of the business services provider’s stock valued at $54,565,000 after buying an additional 3,106 shares during the last quarter. Finally, Tidal Investments LLC raised its position in Waste Connections by 7.7% in the 1st quarter. Tidal Investments LLC now owns 8,091 shares of the business services provider’s stock valued at $1,392,000 after buying an additional 575 shares during the last quarter. Institutional investors and hedge funds own 86.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Royal Bank of Canada raised their price target on Waste Connections from $199.00 to $201.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Eight Capital upgraded Waste Connections to a “hold” rating in a research note on Wednesday, October 9th. Scotiabank assumed coverage on Waste Connections in a research note on Friday, October 4th. They issued a “sector perform” rating and a $196.00 price target for the company. Raymond James decreased their price target on Waste Connections from $208.00 to $205.00 and set a “strong-buy” rating for the company in a research note on Friday, October 25th. Finally, Oppenheimer lifted their target price on Waste Connections from $191.00 to $194.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Five investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $195.56.

Waste Connections Price Performance

Shares of NYSE WCN opened at $189.87 on Monday. The stock has a market capitalization of $49.00 billion, a PE ratio of 52.16, a P/E/G ratio of 3.15 and a beta of 0.72. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.77 and a quick ratio of 0.77. The business has a fifty day moving average price of $181.07 and a two-hundred day moving average price of $177.74. Waste Connections, Inc. has a fifty-two week low of $132.15 and a fifty-two week high of $190.77.

Waste Connections (NYSE:WCN) last posted its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.05. Waste Connections had a return on equity of 15.43% and a net margin of 10.81%. The company had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.30 billion. During the same quarter in the previous year, the firm earned $1.17 EPS. Waste Connections’s revenue was up 13.3% on a year-over-year basis. As a group, equities analysts predict that Waste Connections, Inc. will post 4.84 earnings per share for the current fiscal year.

Waste Connections Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were given a dividend of $0.315 per share. The ex-dividend date was Thursday, November 7th. This represents a $1.26 dividend on an annualized basis and a yield of 0.66%. This is a positive change from Waste Connections’s previous quarterly dividend of $0.29. Waste Connections’s payout ratio is currently 34.62%.

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.