BW Gestao de Investimentos Ltda. Sells 7,828 Shares of Waste Connections, Inc. $WCN

BW Gestao de Investimentos Ltda. trimmed its position in Waste Connections, Inc. (NYSE:WCN) by 15.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 41,630 shares of the business services provider’s stock after selling 7,828 shares during the period. BW Gestao de Investimentos Ltda.’s holdings in Waste Connections were worth $7,319,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Asset Dedication LLC purchased a new position in shares of Waste Connections in the 2nd quarter worth approximately $28,000. Greykasell Wealth Strategies Inc. increased its position in shares of Waste Connections by 555.2% during the third quarter. Greykasell Wealth Strategies Inc. now owns 190 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 161 shares during the last quarter. AlphaCore Capital LLC purchased a new stake in shares of Waste Connections during the second quarter valued at approximately $39,000. Caldwell Trust Co bought a new stake in Waste Connections during the second quarter worth $49,000. Finally, TD Private Client Wealth LLC boosted its position in Waste Connections by 479.3% in the third quarter. TD Private Client Wealth LLC now owns 336 shares of the business services provider’s stock worth $59,000 after purchasing an additional 278 shares during the last quarter. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Waste Connections Price Performance

Shares of NYSE:WCN opened at $171.71 on Tuesday. The firm has a market capitalization of $43.90 billion, a PE ratio of 41.18, a P/E/G ratio of 2.92 and a beta of 0.62. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.07. The company has a 50-day moving average price of $168.39 and a two-hundred day moving average price of $172.25. Waste Connections, Inc. has a twelve month low of $155.65 and a twelve month high of $201.66.

Waste Connections (NYSE:WCN) last posted its quarterly earnings results on Wednesday, February 11th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.01. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.16 earnings per share. Equities analysts forecast that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Wednesday, February 25th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, February 25th. Waste Connections’s payout ratio is currently 33.57%.

Analyst Upgrades and Downgrades

WCN has been the subject of a number of recent analyst reports. Scotiabank set a $197.00 price objective on Waste Connections and gave the company a “sector outperform” rating in a research note on Friday, February 13th. Royal Bank Of Canada reissued an “outperform” rating and issued a $210.00 price target (down from $219.00) on shares of Waste Connections in a report on Tuesday, February 17th. The Goldman Sachs Group started coverage on shares of Waste Connections in a research report on Monday, November 24th. They set a “buy” rating and a $202.00 price target for the company. Oppenheimer restated an “outperform” rating and set a $205.00 price objective (down from $206.00) on shares of Waste Connections in a report on Friday, January 23rd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Waste Connections from $220.00 to $210.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 14th. Four equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $203.75.

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.