Commonwealth Equity Services LLC Buys 505 Shares of Waste Connections, Inc. (NYSE:WCN)

Commonwealth Equity Services LLC grew its stake in shares of Waste Connections, Inc. (NYSE:WCN) by 4.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,961 shares of the business services provider’s stock after buying an additional 505 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Waste Connections were worth $2,273,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of WCN. Hexagon Capital Partners LLC increased its stake in shares of Waste Connections by 116.2% in the first quarter. Hexagon Capital Partners LLC now owns 160 shares of the business services provider’s stock valued at $28,000 after buying an additional 86 shares during the period. OFI Invest Asset Management acquired a new position in shares of Waste Connections during the first quarter worth $32,000. Pathway Financial Advisers LLC bought a new stake in shares of Waste Connections in the first quarter worth $43,000. Signature Resources Capital Management LLC acquired a new stake in Waste Connections in the second quarter valued at $45,000. Finally, Sands Capital Management LLC lifted 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 buying an additional 164 shares during the period. 86.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Robert Nielsen III sold 1,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $180.15, for a total transaction of $180,150.00. Following the completion of the transaction, the senior vice president now directly owns 4,321 shares in the company, valued at approximately $778,428.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Waste Connections news, SVP Susan Netherton sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $179.13, for a total value of $358,260.00. Following the completion of the transaction, the senior vice president now owns 10,078 shares of the company’s stock, valued at approximately $1,805,272.14. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Robert Nielsen III sold 1,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $180.15, for a total transaction of $180,150.00. Following the completion of the transaction, the senior vice president now owns 4,321 shares of the company’s stock, valued at $778,428.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,600 shares of company stock valued at $3,842,550. Company insiders own 0.31% of the company’s stock.

Waste Connections Stock Up 0.3 %

Waste Connections stock opened at $185.99 on Friday. The firm has a 50 day moving average price of $181.53 and a 200-day moving average price of $172.79. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.97. Waste Connections, Inc. has a twelve month low of $126.12 and a twelve month high of $187.54. The company has a market capitalization of $47.99 billion, a P/E ratio of 60.39, a P/E/G ratio of 2.92 and a beta of 0.72.

Waste Connections (NYSE:WCN) last released its earnings results on Wednesday, July 24th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.07. The business had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.22 billion. Waste Connections had a return on equity of 15.16% and a net margin of 10.23%. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period last year, the business posted $1.02 earnings per share. As a group, equities analysts predict that Waste Connections, Inc. will post 4.84 EPS for the current year.

Waste Connections Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Wednesday, August 7th were paid a dividend of $0.285 per share. The ex-dividend date was Wednesday, August 7th. This represents a $1.14 annualized dividend and a yield of 0.61%. Waste Connections’s dividend payout ratio is currently 37.01%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on WCN shares. Raymond James increased their price target on Waste Connections from $190.00 to $207.00 and gave the company a “strong-buy” rating in a research note on Monday, July 22nd. TD Cowen raised their price target on shares of Waste Connections from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Oppenheimer upped their price objective on shares of Waste Connections from $181.00 to $191.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. BMO Capital Markets lifted their target price on shares of Waste Connections from $196.00 to $198.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Finally, Truist Financial upped their price target on shares of Waste Connections from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Waste Connections has a consensus rating of “Moderate Buy” and a consensus target price of $187.28.

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.