Oliver Lagore Vanvalin Investment Group Has $711,000 Stock Position in Waste Connections, Inc. (NYSE:WCN)

Oliver Lagore Vanvalin Investment Group raised its position in Waste Connections, Inc. (NYSE:WCN) by 6.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 4,764 shares of the business services provider’s stock after acquiring an additional 271 shares during the period. Oliver Lagore Vanvalin Investment Group’s holdings in Waste Connections were worth $711,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Pacifica Partners Inc. acquired a new stake in Waste Connections in the fourth quarter valued at approximately $25,000. Headinvest LLC acquired a new stake in Waste Connections in the third quarter valued at approximately $36,000. Operose Advisors LLC acquired a new stake in Waste Connections in the third quarter valued at approximately $40,000. Rational Advisors LLC acquired a new stake in Waste Connections in the third quarter valued at approximately $41,000. Finally, Power Corp of Canada acquired a new stake in Waste Connections in the first quarter valued at approximately $84,000. Institutional investors and hedge funds own 86.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on WCN. Royal Bank of Canada began coverage on Waste Connections in a report on Monday, April 8th. They issued an “outperform” rating and a $196.00 target price on the stock. BMO Capital Markets raised their target price on Waste Connections from $166.00 to $178.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Citigroup raised their target price on Waste Connections from $136.00 to $163.00 and gave the company a “neutral” rating in a report on Thursday, January 18th. Atb Cap Markets lowered Waste Connections from an “outperform” rating to a “sector perform” rating in a report on Wednesday, February 14th. Finally, Stifel Nicolaus raised their target price on Waste Connections from $175.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $178.87.

Insider Activity

In other news, Director Andrea E. Bertone sold 902 shares of Waste Connections stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $169.17, for a total value of $152,591.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.31% of the stock is owned by company insiders.

Waste Connections Stock Performance

NYSE:WCN traded down $0.58 during trading hours on Thursday, reaching $164.10. The stock had a trading volume of 348,739 shares, compared to its average volume of 878,437. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a 50 day simple moving average of $167.51 and a 200 day simple moving average of $150.73. Waste Connections, Inc. has a 12-month low of $126.12 and a 12-month high of $173.02. The stock has a market cap of $42.34 billion, a P/E ratio of 55.83, a price-to-earnings-growth ratio of 2.70 and a beta of 0.66.

Waste Connections (NYSE:WCN) last released its earnings results on Tuesday, February 13th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.03. Waste Connections had a return on equity of 14.42% and a net margin of 9.51%. The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period last year, the business posted $0.89 earnings per share. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, research analysts forecast that Waste Connections, Inc. will post 4.85 EPS for the current fiscal year.

Waste Connections Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Wednesday, February 28th were given a $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 0.69%. The ex-dividend date was Tuesday, February 27th. Waste Connections’s dividend payout ratio (DPR) is presently 38.51%.

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.