ABN Amro Investment Solutions Increases Stake in Waste Connections, Inc. $WCN

ABN Amro Investment Solutions raised its holdings in Waste Connections, Inc. (NYSE:WCNFree Report) by 49.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,340 shares of the business services provider’s stock after buying an additional 5,415 shares during the period. ABN Amro Investment Solutions’ holdings in Waste Connections were worth $2,654,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of WCN. Measured Wealth Private Client Group LLC acquired a new stake in Waste Connections in the 3rd quarter valued at about $26,000. City Holding Co. acquired a new position in shares of Waste Connections during the fourth quarter worth about $26,000. Transamerica Financial Advisors LLC grew its position in shares of Waste Connections by 346.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 174 shares of the business services provider’s stock worth $31,000 after buying an additional 135 shares in the last quarter. Whipplewood Advisors LLC increased its stake in shares of Waste Connections by 1,166.7% during the first quarter. Whipplewood Advisors LLC now owns 190 shares of the business services provider’s stock worth $31,000 after buying an additional 175 shares during the period. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Waste Connections during the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 86.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on WCN shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $211.00 price target on shares of Waste Connections in a research note on Thursday, April 23rd. Barclays set a $180.00 price objective on shares of Waste Connections and gave the company an “equal weight” rating in a report on Tuesday, April 28th. JPMorgan Chase & Co. decreased their price target on Waste Connections from $210.00 to $195.00 and set an “overweight” rating for the company in a report on Monday, July 13th. Citigroup upped their price objective on Waste Connections from $180.00 to $182.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $208.00 price objective (up from $206.00) on shares of Waste Connections in a report on Friday, April 24th. Two equities research 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $202.00.

Read Our Latest Report on Waste Connections

Waste Connections News Summary

Here are the key news stories impacting Waste Connections this week:

Insider Transactions at Waste Connections

In other Waste Connections news, SVP Eric Hansen sold 6,000 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $164.82, for a total value of $988,920.00. Following the transaction, the senior vice president directly 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ronald J. Mittelstaedt acquired 50,000 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were purchased at an average price of $152.24 per share, with a total value of $7,612,000.00. Following the transaction, the chief executive officer owned 301,017 shares in the company, valued at $45,826,828.08. The trade was a 19.92% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 17,605 shares of company stock worth $2,822,923 over the last quarter. 0.27% of the stock is currently owned by corporate insiders.

Waste Connections Stock Up 0.2%

WCN opened at $168.15 on Friday. Waste Connections, Inc. has a 52 week low of $146.89 and a 52 week high of $191.91. The business has a 50 day moving average price of $161.10 and a two-hundred day moving average price of $163.24. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.13. The company has a market cap of $42.43 billion, a PE ratio of 40.52, a P/E/G ratio of 2.94 and a beta of 0.49.

Waste Connections (NYSE:WCNGet Free Report) last announced its earnings results on Wednesday, July 22nd. The business services provider reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.15. The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.51 billion. Waste Connections had a return on equity of 17.20% and a net margin of 10.86%.The company’s revenue was up 6.4% on a year-over-year basis. During the same period last year, the business posted $1.29 EPS. As a group, research analysts anticipate that Waste Connections, Inc. will post 5.49 EPS for the current year.

Waste Connections Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 6th will be given 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 Thursday, August 6th. Waste Connections’s dividend payout ratio (DPR) is 34.15%.

Waste Connections Company Profile

(Free Report)

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.

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

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