449 Shares in Waste Connections, Inc. (NYSE:WCN) Acquired by Mather Group LLC.

Mather Group LLC. bought a new position in shares of Waste Connections, Inc. (NYSE:WCN) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 449 shares of the business services provider’s stock, valued at approximately $77,000.

Other large investors have also recently added to or reduced their stakes in the company. Pacifica Partners Inc. purchased a new stake in Waste Connections during the 4th quarter worth approximately $25,000. Headinvest LLC acquired a new position in Waste Connections during the 3rd quarter worth approximately $36,000. Operose Advisors LLC acquired a new position in Waste Connections during the 3rd quarter worth approximately $40,000. Sands Capital Management LLC grew its holdings in Waste Connections by 76.6% during the 4th quarter. Sands Capital Management LLC now owns 378 shares of the business services provider’s stock worth $56,000 after acquiring an additional 164 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new position in Waste Connections during the 4th quarter worth approximately $61,000. 86.09% of the stock is owned by hedge funds and other institutional investors.

Waste Connections Stock Up 0.4 %

Shares of NYSE:WCN opened at $174.61 on Friday. The stock has a market cap of $45.05 billion, a P/E ratio of 56.69, a P/E/G ratio of 2.77 and a beta of 0.70. The firm has a fifty day moving average price of $166.18 and a 200 day moving average price of $161.23. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.75 and a quick ratio of 0.75. Waste Connections, Inc. has a 1-year low of $126.12 and a 1-year high of $175.43.

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

Waste Connections Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Wednesday, May 8th were given a dividend of $0.285 per share. The ex-dividend date was Tuesday, May 7th. This represents a $1.14 dividend on an annualized basis and a yield of 0.65%. Waste Connections’s payout ratio is currently 37.01%.

Analysts Set New Price Targets

Several research analysts have commented on WCN shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Waste Connections in a report on Thursday, May 23rd. They set a “buy” rating and a $189.00 price target for the company. StockNews.com upgraded shares of Waste Connections from a “hold” rating to a “buy” rating in a report on Saturday, May 18th. Royal Bank of Canada lowered their price target on shares of Waste Connections from $196.00 to $195.00 and set an “outperform” rating for the company in a report on Friday, April 26th. BMO Capital Markets upped their target price on shares of Waste Connections from $182.00 to $186.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, Jefferies Financial Group upped their target price on shares of Waste Connections from $195.00 to $217.00 and gave the company a “buy” rating in a report on Monday, March 18th. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Waste Connections has an average rating of “Moderate Buy” and an average price target of $179.94.

Insiders Place Their Bets

In other Waste Connections news, Director Michael W. Harlan sold 1,500 shares of the company’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 completion of the transaction, the director now owns 8,004 shares in the company, valued at approximately $1,341,390.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, SVP Robert Nielsen III sold 1,000 shares of the stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $169.00, for a total value of $169,000.00. Following the completion of the transaction, the senior vice president now owns 5,321 shares in the company, valued at approximately $899,249. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael W. Harlan sold 1,500 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $167.59, for a total transaction of $251,385.00. Following the completion of the transaction, the director now owns 8,004 shares of the company’s stock, valued at approximately $1,341,390.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,500 shares of company stock worth $752,385. 0.31% of the stock is owned by insiders.

Waste Connections Profile

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.