13,426 Shares in Waste Connections, Inc. (NYSE:WCN) Acquired by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC purchased a new stake in Waste Connections, Inc. (NYSE:WCN) in the 3rd quarter, Holdings Channel.com reports. The fund purchased 13,426 shares of the business services provider’s stock, valued at approximately $2,401,000.

Other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in Waste Connections by 1,167.4% in the second quarter. Principal Financial Group Inc. now owns 473,422 shares of the business services provider’s stock valued at $83,020,000 after purchasing an additional 436,067 shares during the period. Zurich Insurance Group Ltd FI increased its holdings in shares of Waste Connections by 438.5% during the 1st quarter. Zurich Insurance Group Ltd FI now owns 535,471 shares of the business services provider’s stock worth $92,106,000 after buying an additional 436,041 shares during the last quarter. Nicholas Company Inc. purchased a new position in shares of Waste Connections in the 2nd quarter worth $64,176,000. Sei Investments Co. boosted its holdings in Waste Connections by 252.5% in the second quarter. Sei Investments Co. now owns 510,243 shares of the business services provider’s stock valued at $89,477,000 after acquiring an additional 365,487 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Waste Connections by 4,567.2% during the second quarter. Assenagon Asset Management S.A. now owns 253,567 shares of the business services provider’s stock valued at $44,466,000 after acquiring an additional 248,134 shares during the period. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Royal Bank of Canada raised their price objective on Waste Connections from $195.00 to $199.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. JPMorgan Chase & Co. lifted their price target on shares of Waste Connections from $175.00 to $198.00 and gave the company an “overweight” rating in a research report on Monday, July 29th. Scotiabank assumed coverage on shares of Waste Connections in a research report on Friday, October 4th. They issued a “sector perform” rating and a $196.00 price objective for the company. BMO Capital Markets lifted their target price on shares of Waste Connections from $196.00 to $198.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Finally, Citigroup increased their price target on Waste Connections from $190.00 to $195.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. Six equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Waste Connections presently has a consensus rating of “Moderate Buy” and a consensus target price of $194.00.

Waste Connections Trading Up 0.1 %

NYSE WCN opened at $182.60 on Monday. The company has a market capitalization of $47.11 billion, a price-to-earnings ratio of 59.29, a price-to-earnings-growth ratio of 2.90 and a beta of 0.72. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.70 and a quick ratio of 0.70. Waste Connections, Inc. has a 12 month low of $126.12 and a 12 month high of $187.54. The company’s fifty day moving average price is $182.13 and its two-hundred day moving average price is $174.82.

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

Waste Connections Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Wednesday, August 7th were given a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend was Wednesday, August 7th. Waste Connections’s dividend payout ratio is currently 37.01%.

Insider Buying and Selling

In other Waste Connections news, CFO Mary Anne Whitney sold 16,300 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $178.05, for a total transaction of $2,902,215.00. Following the completion of the sale, the chief financial officer now owns 48,899 shares in the company, valued at $8,706,466.95. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Mary Anne Whitney sold 16,300 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $178.05, for a total transaction of $2,902,215.00. Following the completion of the sale, the chief financial officer now owns 48,899 shares of the company’s stock, valued at $8,706,466.95. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Susan Netherton sold 2,000 shares of the company’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 transaction, the senior vice president now directly owns 10,078 shares of the company’s stock, valued at $1,805,272.14. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,600 shares of company stock worth $3,842,550 over the last ninety days. 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.