Atomi Financial Group Inc. Has $598,000 Position in Waste Connections, Inc. (NYSE:WCN)

Atomi Financial Group Inc. raised its stake in Waste Connections, Inc. (NYSE:WCN) by 39.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,485 shares of the business services provider’s stock after purchasing an additional 980 shares during the period. Atomi Financial Group Inc.’s holdings in Waste Connections were worth $598,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of WCN. Global Trust Asset Management LLC acquired a new position in shares of Waste Connections in the third quarter valued at $36,000. FSA Wealth Management LLC acquired a new position in shares of Waste Connections in the third quarter valued at $40,000. Asset Dedication LLC bought a new stake in shares of Waste Connections in the third quarter valued at about $41,000. Continuum Advisory LLC boosted its position in shares of Waste Connections by 58.0% in the third quarter. Continuum Advisory LLC now owns 226 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 83 shares during the period. Finally, Kennebec Savings Bank bought a new stake in shares of Waste Connections in the third quarter valued at about $47,000. 86.09% of the stock is currently owned by institutional investors and hedge funds.

Waste Connections Stock Up 0.4 %

WCN stock opened at $179.21 on Friday. The stock has a market capitalization of $46.25 billion, a P/E ratio of 49.23, a price-to-earnings-growth ratio of 2.68 and a beta of 0.76. 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 12 month low of $151.32 and a 12 month high of $194.83. The firm has a 50-day moving average price of $180.60 and a 200-day moving average price of $180.86.

Waste Connections (NYSE:WCN) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.05. Waste Connections had a net margin of 10.81% and a return on equity of 15.43%. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.30 billion. During the same quarter in the prior year, the business earned $1.17 earnings per share. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Waste Connections, Inc. will post 4.84 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets reduced their target price on shares of Waste Connections from $198.00 to $196.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Eight Capital raised shares of Waste Connections to a “hold” rating in a research report on Wednesday, October 9th. Royal Bank of Canada boosted their target price on shares of Waste Connections from $199.00 to $201.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Stifel Nicolaus boosted their target price on shares of Waste Connections from $205.00 to $212.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. reduced 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 report on Friday, October 25th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $199.31.

About Waste Connections

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.