3,340 Shares in Waste Connections, Inc. $WCN Bought by Dempze Nancy E

Dempze Nancy E bought a new stake in Waste Connections, Inc. (NYSE:WCN) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,340 shares of the business services provider’s stock, valued at approximately $543,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Ritholtz Wealth Management grew its holdings in shares of Waste Connections by 2.1% during the 4th quarter. Ritholtz Wealth Management now owns 3,042 shares of the business services provider’s stock valued at $533,000 after purchasing an additional 64 shares during the last quarter. Kestra Private Wealth Services LLC increased its position in Waste Connections by 2.6% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 2,556 shares of the business services provider’s stock worth $449,000 after purchasing an additional 64 shares in the last quarter. WPG Advisers LLC lifted its stake in Waste Connections by 7.7% in the 4th quarter. WPG Advisers LLC now owns 919 shares of the business services provider’s stock valued at $161,000 after purchasing an additional 66 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its stake in Waste Connections by 12.4% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 607 shares of the business services provider’s stock valued at $106,000 after purchasing an additional 67 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its position in Waste Connections by 2.4% in the fourth quarter. Venturi Wealth Management LLC now owns 2,991 shares of the business services provider’s stock valued at $525,000 after buying an additional 71 shares in the last quarter. Institutional investors own 86.09% of the company’s stock.

Insider Buying and Selling

In other Waste Connections news, VP Patrick James Shea sold 7,500 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $156.26, for a total transaction of $1,171,950.00. Following the completion of the sale, the vice president owned 19,737 shares of the company’s stock, valued at approximately $3,084,103.62. This represents a 27.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Eric Hansen sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $164.82, for a total transaction of $988,920.00. Following the transaction, the senior vice president owned 13,350 shares of the company’s stock, valued at approximately $2,200,347. The trade was a 31.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 17,605 shares of company stock valued at $2,822,923 over the last 90 days. 0.27% of the stock is currently owned by corporate insiders.

Waste Connections Stock Performance

Shares of Waste Connections stock opened at $169.52 on Friday. The stock has a market cap of $42.78 billion, a price-to-earnings ratio of 40.85, a P/E/G ratio of 2.94 and a beta of 0.49. Waste Connections, Inc. has a twelve month low of $146.89 and a twelve month high of $191.91. The company’s fifty day moving average is $161.36 and its 200 day moving average is $163.28. The company has a quick ratio of 0.69, a current ratio of 0.66 and a debt-to-equity ratio of 1.17.

Waste Connections (NYSE:WCN) last announced its earnings results on Wednesday, July 22nd. The business services provider reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.15. The business had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.51 billion. Waste Connections had a return on equity of 17.31% and a net margin of 10.86%.Waste Connections’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the company earned $1.29 EPS. Sell-side analysts forecast that Waste Connections, Inc. will post 5.5 EPS for the current year.

Waste Connections Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, August 6th. Waste Connections’s dividend payout ratio (DPR) is 33.73%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on WCN shares. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $199.00 price target on shares of Waste Connections in a report on Friday. BMO Capital Markets restated an “outperform” rating and set a $208.00 price objective (up from $206.00) on shares of Waste Connections in a research report on Friday, April 24th. JPMorgan Chase & Co. lowered their target price on Waste Connections from $210.00 to $195.00 and set an “overweight” rating for the company in a report on Monday, July 13th. TD Cowen reiterated a “buy” rating and issued a $210.00 target price (up from $200.00) on shares of Waste Connections in a research report on Friday. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $218.00 price target (up from $210.00) on shares of Waste Connections in a research note on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $202.05.

Waste Connections Profile

Waste Connections (NYSE: WCN) is a North American integrated waste services company that provides a range of solid waste and environmental services to municipal, commercial, industrial and residential customers. The company offers collection, transportation, transfer, disposal and recycling services, and operates an extensive network of transfer stations and disposal facilities. Waste Connections positions itself as a provider of infrastructure-driven waste solutions across many regions of the United States and Canada.

The company’s operating activities include routine curbside and commercial collection, roll-off and container services, operation of landfills and transfer stations, and recycling and resource recovery programs.