Shares of Waste Connections Inc (NYSE:WCN) have been given an average rating of “Buy” by the eleven ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $83.30.

A number of research firms recently issued reports on WCN. Royal Bank of Canada raised their price target on Waste Connections from $82.00 to $84.00 and gave the stock an “outperform” rating in a report on Thursday, July 26th. TD Securities raised their price target on Waste Connections from $79.00 to $83.00 and gave the stock a “hold” rating in a report on Thursday, July 26th. Citigroup raised their price target on Waste Connections from $80.00 to $86.00 and gave the stock an “outperform” rating in a report on Thursday, July 26th. Zacks Investment Research raised Waste Connections from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a report on Saturday, July 7th. Finally, BMO Capital Markets raised their price target on Waste Connections from $82.00 to $84.00 and gave the stock an “outperform” rating in a report on Friday, June 29th.

In other Waste Connections news, COO Darrell W. Chambliss sold 6,485 shares of Waste Connections stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $80.00, for a total value of $518,800.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP David Eddie sold 20,000 shares of Waste Connections stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $80.06, for a total value of $1,601,200.00. Following the completion of the sale, the vice president now directly owns 36,320 shares in the company, valued at approximately $2,907,779.20. The disclosure for this sale can be found here. Insiders sold a total of 38,385 shares of company stock worth $3,063,670 in the last ninety days. 0.40% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada lifted its position in shares of Waste Connections by 4.6% during the 1st quarter. Royal Bank of Canada now owns 10,560,499 shares of the business services provider’s stock valued at $757,609,000 after acquiring an additional 467,951 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Waste Connections by 1.5% during the 1st quarter. JPMorgan Chase & Co. now owns 9,873,222 shares of the business services provider’s stock valued at $708,306,000 after acquiring an additional 147,543 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Waste Connections by 10.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 4,260,678 shares of the business services provider’s stock valued at $305,661,000 after acquiring an additional 404,508 shares during the period. CIBC World Markets Inc. lifted its position in shares of Waste Connections by 3.4% during the 1st quarter. CIBC World Markets Inc. now owns 3,073,757 shares of the business services provider’s stock valued at $220,511,000 after acquiring an additional 100,669 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of Waste Connections by 4.4% during the 2nd quarter. Renaissance Technologies LLC now owns 2,976,711 shares of the business services provider’s stock valued at $224,093,000 after acquiring an additional 124,200 shares during the period. 81.86% of the stock is currently owned by institutional investors.

Shares of NYSE WCN traded down $1.08 during midday trading on Wednesday, reaching $79.12. 25,926 shares of the company were exchanged, compared to its average volume of 741,597. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.60. Waste Connections has a 1 year low of $65.06 and a 1 year high of $81.36. The firm has a market cap of $20.85 billion, a P/E ratio of 36.69, a P/E/G ratio of 2.71 and a beta of 0.07.

Waste Connections (NYSE:WCN) last released its quarterly earnings results on Tuesday, July 24th. The business services provider reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.03. Waste Connections had a return on equity of 9.90% and a net margin of 14.80%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the company posted $0.55 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. analysts anticipate that Waste Connections will post 2.5 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 21st. Shareholders of record on Tuesday, August 7th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Monday, August 6th. Waste Connections’s dividend payout ratio is presently 25.93%.

Waste Connections Company Profile

Waste Connections, Inc, a solid waste services company, provides waste collection, transfer, disposal, and recycling services in the United States and Canada. The company operates through six segments: Southern, Western, Eastern, Canada, Central, and Exploration and Production (E&P). It offers collection services to residential, commercial, municipal, industrial, and E&P customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, office paper, plastic containers, glass bottles, and ferrous and aluminum metals.

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Analyst Recommendations for Waste Connections (NYSE:WCN)

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