Waste Connections, Inc. (NYSE:WCN) Shares Sold by Stephens Inc. AR

Stephens Inc. AR decreased its position in Waste Connections, Inc. (NYSE:WCNFree Report) by 1.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 11,323 shares of the business services provider’s stock after selling 141 shares during the period. Stephens Inc. AR’s holdings in Waste Connections were worth $1,690,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Pacifica Partners Inc. acquired a new position in shares of Waste Connections during the 4th quarter worth approximately $25,000. Headinvest LLC purchased a new position in Waste Connections during the third quarter worth $36,000. Operose Advisors LLC purchased a new position in Waste Connections during the third quarter worth $40,000. Rational Advisors LLC purchased a new stake in shares of Waste Connections in the third quarter valued at $41,000. Finally, Sands Capital Management LLC boosted its stake in shares of Waste Connections by 76.6% during the fourth quarter. Sands Capital Management LLC now owns 378 shares of the business services provider’s stock valued at $56,000 after acquiring an additional 164 shares during the last quarter. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Waste Connections Price Performance

WCN opened at $165.54 on Monday. Waste Connections, Inc. has a 52-week low of $126.12 and a 52-week high of $173.02. The company has a 50 day moving average of $165.75 and a two-hundred day moving average of $158.96. The company has a market cap of $42.71 billion, a P/E ratio of 53.75, a P/E/G ratio of 2.64 and a beta of 0.70. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.00.

Waste Connections (NYSE:WCNGet Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The business services provider reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.02. Waste Connections had a net margin of 9.70% and a return on equity of 14.66%. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same period in the prior year, the company earned $0.89 EPS. The firm’s revenue was up 9.1% on a year-over-year basis. On average, analysts expect that Waste Connections, Inc. will post 4.85 earnings per share for the current year.

Waste Connections Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Wednesday, May 8th were issued a dividend of $0.285 per share. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $1.14 annualized dividend and a dividend yield of 0.69%. Waste Connections’s payout ratio is currently 37.01%.

Insider Buying and Selling

In other Waste Connections news, Director Michael W. Harlan sold 1,500 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $167.59, for a total value of $251,385.00. Following the completion of the sale, the director now owns 8,004 shares of the company’s stock, valued at $1,341,390.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Michael W. Harlan sold 1,500 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $167.59, for a total transaction of $251,385.00. Following the transaction, the director now directly owns 8,004 shares of the company’s stock, valued at $1,341,390.36. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Robert Nielsen III sold 2,000 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $166.00, for a total transaction of $332,000.00. Following the sale, the senior vice president now directly owns 6,321 shares of the company’s stock, valued at $1,049,286. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Scotiabank boosted their target price on shares of Waste Connections from $146.50 to $179.00 and gave the company a “sector perform” rating in a research note on Thursday, February 15th. StockNews.com upgraded shares of Waste Connections from a “hold” rating to a “buy” rating in a research report on Saturday, May 18th. Royal Bank of Canada lowered their target price on shares of Waste Connections from $196.00 to $195.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. CIBC increased their price target on Waste Connections from $175.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Finally, Stifel Nicolaus increased their price target on Waste Connections from $175.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $179.94.

View Our Latest Stock Report on Waste Connections

About Waste Connections

(Free Report)

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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