Laird Norton Wetherby Wealth Management LLC Has $732,000 Holdings in Waste Connections, Inc. (NYSE:WCN)

Laird Norton Wetherby Wealth Management LLC cut its holdings in Waste Connections, Inc. (NYSE:WCN) by 2.2% during the 4th quarter, HoldingsChannel reports. The fund owned 4,268 shares of the business services provider’s stock after selling 98 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in Waste Connections were worth $732,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of WCN. Manchester Capital Management LLC acquired a new position in shares of Waste Connections in the fourth quarter valued at about $26,000. Private Trust Co. NA grew its stake in shares of Waste Connections by 153.3% in the fourth quarter. Private Trust Co. NA now owns 152 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 92 shares in the last quarter. Stonebridge Financial Group LLC acquired a new position in shares of Waste Connections in the fourth quarter valued at about $27,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Waste Connections in the fourth quarter valued at about $28,000. Finally, Smartleaf Asset Management LLC grew its stake in shares of Waste Connections by 59.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 71 shares in the last quarter. 86.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. BMO Capital Markets increased their price objective on shares of Waste Connections from $214.00 to $216.00 and gave the stock an “outperform” rating in a research note on Friday, April 25th. Citigroup increased their price objective on shares of Waste Connections from $209.00 to $212.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 29th. Truist Financial set a $220.00 price objective on shares of Waste Connections in a research note on Friday, April 25th. Royal Bank of Canada reiterated an “outperform” rating and set a $221.00 price objective on shares of Waste Connections in a research note on Friday, April 25th. Finally, William Blair assumed coverage on shares of Waste Connections in a research note on Thursday, April 3rd. They set an “outperform” rating on the stock. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $208.21.

Waste Connections Stock Up 0.2%

WCN stock opened at $186.12 on Thursday. The stock has a market capitalization of $48.09 billion, a P/E ratio of 77.87, a price-to-earnings-growth ratio of 3.07 and a beta of 0.66. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.03. Waste Connections, Inc. has a 12 month low of $160.34 and a 12 month high of $201.66. The firm has a 50-day moving average price of $192.35 and a 200-day moving average price of $186.14.

Waste Connections (NYSE:WCN) last posted its earnings results on Wednesday, April 23rd. The business services provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.06. The firm had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.22 billion. Waste Connections had a net margin of 6.92% and a return on equity of 15.54%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.04 earnings per share. As a group, equities research analysts anticipate that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Wednesday, May 7th will be issued a $0.315 dividend. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $1.26 dividend on an annualized basis and a yield of 0.68%. Waste Connections’s dividend payout ratio (DPR) is presently 51.85%.

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.