Insigneo Advisory Services LLC Has $529,000 Holdings in Waste Connections, Inc. (NYSE:WCN)

Insigneo Advisory Services LLC boosted its stake in shares of Waste Connections, Inc. (NYSE:WCN) by 8.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,997 shares of the business services provider’s stock after buying an additional 239 shares during the quarter. Insigneo Advisory Services LLC’s holdings in Waste Connections were worth $529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Sei Investments Co. raised its stake in Waste Connections by 6.2% during the 1st quarter. Sei Investments Co. now owns 144,756 shares of the business services provider’s stock valued at $24,899,000 after purchasing an additional 8,505 shares during the last quarter. Capstone Investment Advisors LLC raised its stake in shares of Waste Connections by 591.5% in the 1st quarter. Capstone Investment Advisors LLC now owns 9,881 shares of the business services provider’s stock valued at $1,700,000 after buying an additional 8,452 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Waste Connections by 43.4% in the 4th quarter. Wellington Management Group LLP now owns 4,364,071 shares of the business services provider’s stock valued at $651,427,000 after buying an additional 1,320,933 shares in the last quarter. Allianz Asset Management GmbH raised its stake in shares of Waste Connections by 30.3% in the 4th quarter. Allianz Asset Management GmbH now owns 34,010 shares of the business services provider’s stock valued at $5,103,000 after buying an additional 7,917 shares in the last quarter. Finally, Meyer Handelman Co. acquired a new position in shares of Waste Connections in the 1st quarter valued at $1,040,000. 86.09% of the stock is currently owned by institutional investors and hedge funds.

Waste Connections Stock Down 1.1 %

Shares of NYSE:WCN opened at $178.52 on Friday. 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 12 month low of $126.12 and a 12 month high of $187.54. The firm has a market cap of $46.07 billion, a P/E ratio of 57.96, a P/E/G ratio of 2.88 and a beta of 0.72. The company’s 50-day moving average price is $181.77 and its two-hundred day moving average price is $173.68.

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, beating analysts’ consensus estimates of $1.17 by $0.07. Waste Connections had a net margin of 10.23% and a return on equity of 15.16%. The company had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the prior year, the company posted $1.02 EPS. The company’s revenue was up 11.2% compared to the same quarter last year. As a group, research analysts forecast that Waste Connections, Inc. will post 4.84 EPS for the current fiscal year.

Waste Connections Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Wednesday, August 7th were given a dividend of $0.285 per share. The ex-dividend date was Wednesday, August 7th. This represents a $1.14 dividend on an annualized basis and a yield of 0.64%. Waste Connections’s payout ratio is presently 37.01%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WCN. JPMorgan Chase & Co. increased their price objective on shares of Waste Connections from $175.00 to $198.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. Truist Financial upped their target price on shares of Waste Connections from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. CIBC upped their target price on shares of Waste Connections from $191.00 to $193.00 and gave the stock an “outperformer” rating in a report on Friday, July 26th. BMO Capital Markets upped their target price on shares of Waste Connections from $196.00 to $198.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Finally, TD Cowen upped their target price 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. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Waste Connections currently has a consensus rating of “Moderate Buy” and a consensus price target of $187.28.

Insider Buying and Selling at Waste Connections

In related news, SVP Robert Nielsen III sold 1,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $180.15, for a total value of $180,150.00. Following the sale, the senior vice president now directly owns 4,321 shares in the company, valued at approximately $778,428.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Philip Rivard sold 2,300 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $174.75, for a total value of $401,925.00. Following the sale, the senior vice president now directly owns 1,226 shares in the company, valued at approximately $214,243.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Robert Nielsen III sold 1,000 shares of the stock in a transaction that occurred 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 sale, the senior vice president now owns 4,321 shares in the company, valued at $778,428.15. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,600 shares of company stock worth $3,842,550. Company insiders own 0.31% of the company’s stock.

About Waste Connections

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.