Coldstream Capital Management Inc. Has $691,000 Holdings in Waste Connections, Inc. (NYSE:WCN)

Coldstream Capital Management Inc. increased its position in shares of Waste Connections, Inc. (NYSE:WCN) by 12.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,848 shares of the business services provider’s stock after buying an additional 427 shares during the period. Coldstream Capital Management Inc.’s holdings in Waste Connections were worth $691,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CWM LLC lifted its holdings in Waste Connections by 12.5% during the 2nd quarter. CWM LLC now owns 852 shares of the business services provider’s stock valued at $149,000 after purchasing an additional 95 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Waste Connections by 8.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 4,336 shares of the business services provider’s stock worth $760,000 after buying an additional 331 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Waste Connections by 8,500.0% during the 2nd quarter. Blue Trust Inc. now owns 2,752 shares of the business services provider’s stock worth $473,000 after buying an additional 2,720 shares during the period. Gradient Investments LLC grew its stake in Waste Connections by 11.0% in the 2nd quarter. Gradient Investments LLC now owns 65,052 shares of the business services provider’s stock valued at $11,408,000 after buying an additional 6,432 shares during the last quarter. Finally, Values First Advisors Inc. raised its holdings in Waste Connections by 6.2% in the 2nd quarter. Values First Advisors Inc. now owns 7,877 shares of the business services provider’s stock valued at $1,381,000 after acquiring an additional 463 shares during the period. 86.09% of the stock is owned by institutional investors.

Waste Connections Trading Down 2.4 %

Shares of Waste Connections stock opened at $179.91 on Friday. The firm’s 50 day moving average is $184.12 and its 200 day moving average is $180.01. The firm has a market capitalization of $46.43 billion, a PE ratio of 49.43, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74. Waste Connections, Inc. has a 1 year low of $144.69 and a 1 year high of $194.83. 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 (NYSE:WCN) last announced its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.05. The company had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Waste Connections had a return on equity of 15.43% and a net margin of 10.81%. Waste Connections’s revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.17 EPS. Equities research analysts forecast that Waste Connections, Inc. will post 4.84 earnings per share for the current fiscal year.

Waste Connections Increases Dividend

The firm 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 0.70%. The ex-dividend date of this dividend was Thursday, November 7th. This is a positive change from Waste Connections’s previous quarterly dividend of $0.29. Waste Connections’s dividend payout ratio (DPR) is 34.62%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. CIBC boosted their price objective on Waste Connections from $199.00 to $215.00 and gave the stock an “outperformer” rating in a report on Wednesday, December 4th. Royal Bank of Canada upped their price objective on Waste Connections from $199.00 to $201.00 and gave the company an “outperform” rating in a report on Friday, October 25th. BMO Capital Markets dropped their target price on Waste Connections from $198.00 to $196.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Stifel Nicolaus upped their price target on shares of Waste Connections from $205.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Citigroup lifted their price objective on shares of Waste Connections from $190.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $199.88.

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.