Cwm LLC Has $694,000 Stock Position in Waste Connections, Inc. (NYSE:WCN)

Cwm LLC lowered its stake in Waste Connections, Inc. (NYSE:WCNGet Rating) by 11.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,135 shares of the business services provider’s stock after selling 689 shares during the period. Cwm LLC’s holdings in Waste Connections were worth $694,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. BMS Financial Advisors LLC lifted its position in shares of Waste Connections by 2.3% in the third quarter. BMS Financial Advisors LLC now owns 3,887 shares of the business services provider’s stock worth $528,000 after buying an additional 86 shares during the last quarter. Pacifica Partners Inc. increased its stake in shares of Waste Connections by 12.8% in the third quarter. Pacifica Partners Inc. now owns 818 shares of the business services provider’s stock worth $109,000 after purchasing an additional 93 shares during the period. Financial Consulate Inc. increased its stake in shares of Waste Connections by 3.1% in the second quarter. Financial Consulate Inc. now owns 3,152 shares of the business services provider’s stock worth $391,000 after purchasing an additional 95 shares during the period. Allworth Financial LP increased its stake in shares of Waste Connections by 3.0% in the second quarter. Allworth Financial LP now owns 3,754 shares of the business services provider’s stock worth $465,000 after purchasing an additional 110 shares during the period. Finally, Raymond James Trust N.A. increased its stake in shares of Waste Connections by 4.5% in the second quarter. Raymond James Trust N.A. now owns 2,761 shares of the business services provider’s stock worth $343,000 after purchasing an additional 119 shares during the period. Institutional investors and hedge funds own 85.58% of the company’s stock.

Insider Transactions at Waste Connections

In related news, SVP Eric Hansen sold 4,000 shares of the firm’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $136.93, for a total value of $547,720.00. Following the completion of the sale, the senior vice president now directly owns 6,460 shares in the company, valued at approximately $884,567.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on WCN. Raymond James lifted their price objective on Waste Connections from $149.00 to $157.00 and gave the stock a “strong-buy” rating in a research note on Monday, November 7th. Jefferies Financial Group reiterated a “buy” rating and issued a $165.00 price objective on shares of Waste Connections in a research note on Tuesday, October 25th. StockNews.com began coverage on Waste Connections in a research note on Wednesday, October 12th. They issued a “buy” rating on the stock. Royal Bank of Canada boosted their price target on Waste Connections from $150.00 to $153.00 and gave the company an “outperform” rating in a research note on Friday, November 4th. Finally, Morgan Stanley lowered their price target on Waste Connections from $163.00 to $158.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 4th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Waste Connections presently has a consensus rating of “Buy” and an average target price of $151.00.

Waste Connections Stock Up 0.8 %

Shares of WCN opened at $132.25 on Thursday. The company has a market capitalization of $34.02 billion, a P/E ratio of 42.39, a PEG ratio of 2.47 and a beta of 0.68. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.89 and a quick ratio of 0.89. Waste Connections, Inc. has a one year low of $113.50 and a one year high of $148.20. The business’s 50 day simple moving average is $137.29 and its 200-day simple moving average is $135.55.

Waste Connections (NYSE:WCNGet Rating) last posted its quarterly earnings data on Wednesday, November 2nd. The business services provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.09. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.87 billion. Waste Connections had a return on equity of 14.10% and a net margin of 11.59%. As a group, sell-side analysts predict that Waste Connections, Inc. will post 3.8 EPS for the current fiscal year.

Waste Connections Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 1st. Stockholders of record on Wednesday, November 16th were paid a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.77%. This is an increase from Waste Connections’s previous quarterly dividend of $0.23. The ex-dividend date was Tuesday, November 15th. Waste Connections’s dividend payout ratio is currently 32.69%.

Waste Connections Company Profile

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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.

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Institutional Ownership by Quarter for Waste Connections (NYSE:WCN)

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