Danske Bank A S Purchases Shares of 187,236 Waste Connections, Inc. $WCN

Danske Bank A S purchased a new stake in Waste Connections, Inc. (NYSE:WCN) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 187,236 shares of the business services provider’s stock, valued at approximately $32,916,000. Danske Bank A S owned 0.07% of Waste Connections as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in WCN. Measured Wealth Private Client Group LLC acquired a new stake in shares of Waste Connections during the third quarter worth $26,000. Asset Dedication LLC acquired a new position in Waste Connections in the 2nd quarter worth $28,000. Greykasell Wealth Strategies Inc. boosted its stake in Waste Connections by 555.2% in the 3rd quarter. Greykasell Wealth Strategies Inc. now owns 190 shares of the business services provider’s stock worth $33,000 after purchasing an additional 161 shares during the period. AlphaCore Capital LLC bought a new position in Waste Connections during the 2nd quarter worth about $39,000. Finally, Caldwell Trust Co bought a new position in Waste Connections during the 2nd quarter worth about $49,000. Institutional investors own 86.09% of the company’s stock.

Waste Connections Stock Performance

NYSE WCN opened at $163.82 on Thursday. The firm has a market capitalization of $41.81 billion, a P/E ratio of 39.29, a price-to-earnings-growth ratio of 2.87 and a beta of 0.62. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.07. The firm’s fifty day moving average price is $167.27 and its two-hundred day moving average price is $171.48. Waste Connections, Inc. has a 1 year low of $155.65 and a 1 year high of $201.66.

Waste Connections (NYSE:WCN) last announced its quarterly earnings data on Wednesday, February 11th. The business services provider reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.01. The company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.37 billion. Waste Connections had a net margin of 11.37% and a return on equity of 16.25%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.16 EPS. As a group, research analysts anticipate that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Wednesday, February 25th were issued a dividend of $0.35 per share. The ex-dividend date was Wednesday, February 25th. This represents a $1.40 dividend on an annualized basis and a yield of 0.9%. Waste Connections’s dividend payout ratio (DPR) is presently 33.57%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $210.00 price objective (down from $219.00) on shares of Waste Connections in a research report on Tuesday, February 17th. Barclays set a $176.00 target price on Waste Connections and gave the company an “equal weight” rating in a research report on Friday, February 13th. BNP Paribas Exane began coverage on Waste Connections in a research report on Tuesday, January 6th. They set an “outperform” rating for the company. Oppenheimer reaffirmed an “outperform” rating and set a $205.00 price target (down from $206.00) on shares of Waste Connections in a research note on Friday, January 23rd. Finally, Canadian Imperial Bank of Commerce set a $208.00 price objective on shares of Waste Connections in a report on Thursday, January 8th. Four analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Waste Connections currently has a consensus rating of “Buy” and an average target price of $203.52.

Waste Connections Company 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.