Tidal Investments LLC Has $1.39 Million Position in Waste Connections, Inc. (NYSE:WCN)

Tidal Investments LLC grew its holdings in Waste Connections, Inc. (NYSE:WCN) by 2.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 7,786 shares of the business services provider’s stock after acquiring an additional 151 shares during the period. Tidal Investments LLC’s holdings in Waste Connections were worth $1,392,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WCN. Global Trust Asset Management LLC bought a new stake in Waste Connections in the third quarter valued at about $36,000. FSA Wealth Management LLC bought a new stake in shares of Waste Connections in the 3rd quarter valued at approximately $40,000. Asset Dedication LLC acquired a new position in shares of Waste Connections in the 3rd quarter worth approximately $41,000. Continuum Advisory LLC lifted its position in shares of Waste Connections by 58.0% during the 3rd quarter. Continuum Advisory LLC now owns 226 shares of the business services provider’s stock worth $42,000 after buying an additional 83 shares during the period. Finally, Kennebec Savings Bank acquired a new stake in Waste Connections in the 3rd quarter valued at $47,000. 86.09% of the stock is owned by institutional investors.

Waste Connections Stock Performance

Shares of NYSE:WCN opened at $174.66 on Thursday. The stock has a market capitalization of $45.07 billion, a P/E ratio of 47.98, a P/E/G ratio of 3.08 and a beta of 0.74. 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 1-year low of $145.35 and a 1-year high of $194.83. The business has a 50-day moving average price of $183.93 and a two-hundred day moving average price of $180.43.

Waste Connections (NYSE:WCN) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.05. Waste Connections had a net margin of 10.81% and a return on equity of 15.43%. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same period in the prior year, the business posted $1.17 earnings per share. Waste Connections’s revenue was up 13.3% compared to the same quarter last year. Equities analysts predict that Waste Connections, Inc. will post 4.84 earnings per share for the current 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 issued a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend was Thursday, November 7th. This is an increase from Waste Connections’s previous quarterly dividend of $0.29. Waste Connections’s dividend payout ratio is currently 34.62%.

Analyst Ratings Changes

Several research analysts have issued reports on WCN shares. Stifel Nicolaus increased their price objective on Waste Connections from $205.00 to $212.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Eight Capital raised shares of Waste Connections to a “hold” rating in a report on Wednesday, October 9th. CIBC upped their price objective on shares of Waste Connections from $199.00 to $215.00 and gave the stock an “outperformer” rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. cut their target price on shares of Waste Connections from $198.00 to $197.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Finally, BMO Capital Markets decreased their price target on Waste Connections from $198.00 to $196.00 and set an “outperform” rating on the stock in a research 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 issued a strong buy rating to the company’s stock. According to MarketBeat, Waste Connections has a consensus rating of “Moderate Buy” and an average target price of $199.88.

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.