Royal Bank Of Canada set a $102.00 price target on Waste Connections, Inc. (NYSE:WCN) in a research note published on Monday. The brokerage currently has an outperform rating on the business services provider’s stock.

A number of other research analysts have also commented on the company. TD Securities cut their price target on Waste Connections from $66.67 to $63.33 and set a hold rating for the company in a report on Friday, April 28th. Wedbush reiterated an outperform rating and set a $76.67 price target (up from $62.00) on shares of Waste Connections in a report on Friday, April 28th. Zacks Investment Research upgraded Waste Connections from a hold rating to a buy rating and set a $67.33 price target for the company in a report on Tuesday, April 25th. Finally, Barclays PLC reiterated a buy rating on shares of Waste Connections in a report on Friday, April 28th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $64.28.

Analyst Recommendations for Waste Connections (NYSE:WCN)

Shares of Waste Connections (NYSE WCN) traded down 0.84% during mid-day trading on Monday, reaching $65.16. 349,335 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $93.47 and a 200-day moving average price of $86.03. Waste Connections has a 1-year low of $64.89 and a 1-year high of $100.59. The company has a market capitalization of $17.16 billion, a P/E ratio of 75.59 and a beta of 0.20.

Waste Connections (NYSE:WCN) last posted its earnings results on Wednesday, April 26th. The business services provider reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.03. Waste Connections had a return on equity of 8.37% and a net margin of 5.48%. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the company earned $0.30 EPS. The company’s revenue for the quarter was up 112.0% on a year-over-year basis. On average, equities research analysts forecast that Waste Connections will post $2.08 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which was paid on Wednesday, May 24th. Shareholders of record on Wednesday, May 10th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Monday, May 8th. Waste Connections’s dividend payout ratio (DPR) is 56.69%.

In other Waste Connections news, VP Patrick James Shea sold 6,000 shares of the company’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $96.95, for a total value of $581,700.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael W. Harlan sold 3,400 shares of the company’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $96.49, for a total value of $328,066.00. The disclosure for this sale can be found here. Insiders sold 24,400 shares of company stock worth $2,350,516 over the last quarter. Company insiders own 0.68% of the company’s stock.

A number of hedge funds have recently made changes to their positions in WCN. Capital Guardian Trust Co. boosted its stake in shares of Waste Connections by 5.8% in the fourth quarter. Capital Guardian Trust Co. now owns 1,591,907 shares of the business services provider’s stock worth $125,108,000 after buying an additional 87,158 shares during the period. Worth Venture Partners LLC acquired a new position in Waste Connections during the fourth quarter worth approximately $610,000. Capital International Inc. CA acquired a new position in Waste Connections during the fourth quarter worth approximately $1,273,000. Ladenburg Thalmann Financial Services Inc. raised its position in Waste Connections by 34.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,585 shares of the business services provider’s stock worth $125,000 after buying an additional 404 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in Waste Connections by 39.7% in the fourth quarter. AQR Capital Management LLC now owns 275,279 shares of the business services provider’s stock worth $21,634,000 after buying an additional 78,274 shares in the last quarter. Hedge funds and other institutional investors own 83.43% of the company’s stock.

Waste Connections Company Profile

Waste Connections, Inc is a solid waste services company in North America. The Company provides waste collection, transfer, disposal and recycling services in markets in the United States and Canada. The Company operates through six segments: Southern segment, Western segment, Eastern segment, Canada segment, Central segment and E&P segment.

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